Tezos Price Today
As of the latest data, the price of Tezos (XTZ) stands at $0.538114. In the past 24 hours, the price has decreased by 3.5%, with a further decline of 0.98% in the last hour. Over the past week, Tezos has seen a modest increase of 2.18%, while the monthly performance shows a drop of 8.72%.
Market Update
The 24-hour trading volume for XTZ is $14,140,860. During this period, the price fluctuated between a low of $0.537726 and a high of $0.559168. Tezos reached its all-time high of $9.12 on October 4, 2021, and hit its lowest point at $0.350476 on December 7, 2018.
Market Ranking and Capitalization
Tezos currently holds the #145 position in market rankings. Its market capitalization is $564,482,417, with a fully diluted valuation of $575,304,569.
Supply Overview
The circulating supply of Tezos is 1,049,586,665 XTZ tokens, out of a total supply of 1,069,709,147 XTZ.
Price Changes and Historical Data
Over the past year, Tezos has experienced a price decline of 27.18%. The last 30 days saw a decrease of 8.72%, while the 200-day change stands at -62.95%. These metrics are updated every minute to provide real-time accuracy and help users stay informed about market trends.
What Is Tezos (XTZ)?
Tezos is a blockchain platform designed for deploying decentralized applications (DApps) and facilitating smart contracts. It emphasizes community involvement and regular protocol upgrades through a unique governance model. Participants can engage in network decisions via a staking mechanism known as "baking," which aims to solve governance challenges common in other blockchains.
XTZ is the native token of the Tezos ecosystem. It serves multiple purposes, including acting as a medium of exchange, enabling voting on protocol upgrades, and rewarding developers for accepted proposals. Token holders can also stake XTZ to earn rewards and help secure the network.
Founders of Tezos
Tezos was founded by Arthur Breitman and Kathleen Breitman. Arthur authored the original white paper under the pseudonym L. M. Goodman, highlighting Bitcoin's lack of a formal governance process as a key inspiration. The couple established Dynamic Ledger Solutions to develop the protocol's code, which was later acquired by the Tezos Foundation to secure intellectual property rights. Their vision centered on decentralized governance and community-driven evolution.
Unique Features of Tezos
Tezos stands out for its on-chain governance model, allowing stakeholders to propose and vote on changes without requiring hard forks. This system fosters seamless upgrades and continuous improvement. The platform also utilizes a baking mechanism for staking, where users delegate XTZ tokens to "bakers" who validate transactions and maintain network security.
Notable partnerships with institutions like Societe Generale and Ubisoft have bolstered Tezos' credibility. Additionally, XTZ staking is supported on several major cryptocurrency exchanges, enhancing accessibility for users.
Network Security
Tezos employs a Delegated Proof-of-Stake (DPoS) consensus mechanism to secure its network. Participants stake XTZ tokens and delegate them to bakers, who validate transactions and uphold blockchain integrity. A penalty system called "slashing" deters malicious behavior, ensuring network reliability.
Circulating Supply
As of the latest data, the circulating supply of Tezos is 1,049,586,665 XTZ tokens. New tokens are generated through baking, where stakeholders contribute to network operations and receive rewards in return.
Consensus and Validation
Tezos uses a DPoS consensus model, enabling token holders to delegate their stakes to trusted bakers. These bakers validate transactions, earn rewards proportional to their stakes, and maintain network efficiency. This approach ensures security while promoting broad participation.
Decentralization
Tezos is designed as a decentralized platform, allowing stakeholders to engage in governance and validation processes. While becoming a baker requires meeting specific criteria, any user can delegate tokens to participate in network security. This inclusivity strengthens decentralization and community involvement.
Tezos vs. Ethereum
Both Tezos and Ethereum support smart contracts, but they differ significantly in governance and performance. Tezos uses on-chain governance for upgrades, whereas Ethereum relies on off-chain decisions. Tezos also boasts higher transactions per second (TPS), though Ethereum has a larger user base and broader ecosystem.
How to Buy and Store Tezos (XTZ)
Acquiring and storing XTZ tokens involves a few straightforward steps:
- Choose a Wallet: Select a reliable wallet compatible with Tezos, such as XTZ Wallet, Trust Wallet, or hardware options like Ledger Nano or Trezor.
- Select an Exchange: Use a reputable exchange that lists XTZ, ensuring it supports your preferred payment methods.
- Purchase XTZ: Deposit funds into your exchange account and execute a buy order for Tezos at the current market price.
- Transfer to Wallet: Withdraw your XTZ tokens from the exchange to your personal wallet for enhanced security and control. 👉 Explore secure storage methods
How to Add Tezos to MetaMask
MetaMask does not natively support Tezos, as it is primarily designed for Ethereum-based networks. Instead, use dedicated Tezos wallets like XTZ Wallet or Kukai for optimal functionality and security.
Future Potential of Tezos
Tezos has demonstrated strong potential through technological innovation and high-profile partnerships. Its future success will depend on factors like adoption rates, regulatory developments, and market competition. While the platform has shown resilience, predicting long-term outcomes remains challenging due to the volatile nature of cryptocurrency markets.
Investment Considerations
XTZ has experienced significant price fluctuations since its launch, including rapid surges and corrections. Past performance does not guarantee future results, and investors should consider risks such as volatility, regulatory changes, and market dynamics. Conduct thorough research and assess your risk tolerance before investing. 👉 Get advanced market analysis
Staking Tezos
Tezos staking is available on platforms like Binance, Coinbase, and Kraken. Evaluate each option based on rewards, lock-up periods, fees, and security features. Choosing a reputable platform ensures reliable earnings and asset safety.
Frequently Asked Questions
What is Tezos used for?
Tezos is a blockchain platform for building DApps and executing smart contracts. Its native token, XTZ, facilitates transactions, governance voting, and staking for network security.
How does Tezos governance work?
Tezos uses on-chain governance, allowing stakeholders to propose and vote on protocol upgrades. This system avoids hard forks and ensures continuous, community-driven evolution.
Is Tezos a good investment?
Tezos has technological strengths and partnerships, but like all cryptocurrencies, it carries risks. Investors should analyze market trends, project developments, and personal risk tolerance before committing funds.
Can I stake Tezos on any exchange?
Major exchanges like Binance and Coinbase support Tezos staking, but terms vary. Compare rewards, lock-up periods, and security features to find the best option.
What wallets support XTZ?
Tezos-compatible wallets include XTZ Wallet, Trust Wallet, Ledger Nano, Trezor, and Guarda. Always choose a wallet with strong security measures.
How is Tezos different from other blockchains?
Tezos emphasizes on-chain governance and self-amendment, enabling seamless upgrades without forks. Its DPoS consensus model also promotes decentralization and community participation.