Tezos
$0.2496
2.0%(24h)30d
Today
2.0%
30 Days
2.0%
Price Change (24h)
$0.004910
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2.0%
30 Days
2.0%
Price Change (24h)
$0.004910
XTZ
2.50
Tezos is an open-source blockchain platform and high-performing network built around three core principles: code security, decentralized governance, and asset management. The platform emphasizes formal verification to enable developers to build smart contracts with minimal risk of bugs — making it especially suited for applications requiring high certainty and security standards. Launched in 2018 following its 2014 initial proposal, the Tezos Mainnet has operated continuously and established a strong reputation for technical reliability and community support. The platform's Liquid Proof-of-Stake (LPoS) consensus mechanism democratizes participation — any stakeholder can contribute directly or through delegation, earning network rewards for their involvement. A defining feature of Tezos is its on-chain governance system, which uniquely allows token holders to propose and vote on protocol improvements. This self-amendment capability enables the network to evolve and upgrade without splitting into separate blockchains, combining community empowerment with sustained innovation. Tezos 2.0, the next evolutionary phase, aims to enhance scalability through layer 2 solutions, improve composability, and add support for mainstream programming languages including Javascript, Typescript, and Python.
Arthur and Kathleen Breitman conceived Tezos and published the foundational 2014 white paper under the pseudonym L.M. Goodman, a reference to Satoshi Nakamoto via a journalist who once misidentified Bitcoin's creator. Before launching Tezos, the Breitmans identified critical limitations in Bitcoin's design through previous research: the absence of community-driven governance, centralization risks from proof-of-work mining, limited programming expressiveness for smart contracts, and security concerns. Arthur's background spans quantitative analysis at Goldman Sachs and Morgan Stanley, alongside engineering roles at Google X and Waymo. He holds degrees from École Polytechnique and NYU's Courant Institute, where he focused on applied mathematics. Kathleen previously led strategy at R3 (a consortium of over 70 financial institutions), worked at Accenture and Bridgewater Associates, and contributed to the Wall Street Journal as a professional. She earned her degree from Cornell University.
Tezos distinguishes itself through two primary innovations: a pioneering on-chain governance structure and an exceptional commitment to code security through formal verification. The platform was the first to implement liquid proof-of-stake consensus at scale. The governance system operates entirely on-chain across five phases with three voting rounds, each phase lasting roughly two weeks for a complete cycle of nearly three months. Protocol upgrades proceed automatically once they reach consensus and achieve required quorum, reflecting the wishes of the majority stake-holders. This decentralized approach contrasts sharply with Ethereum and Bitcoin, where core developer teams make centralized decisions about network futures. Major cryptocurrency exchanges including Binance and Coinbase support XTZ staking, allowing users to earn rewards on held tokens. Few blockchain projects can claim this level of exchange support for rewarding participation.
Approximately 977,621,108 XTZ currently circulate. Unlike Bitcoin's fixed 21 million cap, Tezos has an uncapped total supply, with validator rewards expanding the supply at roughly 4.5% annually. A July 2017 token sale raised 65,681 BTC and 361,122 ETH — valued at million at the time, making it one of the largest fundraising events in cryptocurrency history. Token distribution allocated 80% to fundraiser participants, with the remaining 20% split equally between the Tezos Foundation and Dynamic Ledger Solutions (the Breitmans' development company).
The Tezos network operates via liquid proof-of-stake, an advancement on delegated proof-of-stake models. Participation requires a minimum threshold of 6,000 XTZ to become a validator (called a "baker" in Tezos terminology), or token holders may delegate their stake to public bakers without meeting this threshold. This design democratizes network participation and validator diversity, ensuring the security that comes from a broad distribution of validating nodes across the network.
XTZ (informally known as "tez") trades on most major cryptocurrency exchanges, including Binance, Coinbase, HTX, OKX, Kraken, Kucoin, Bybit, Gate.io, and numerous others. The token pairs against fiat currencies and cryptocurrencies like Bitcoin. Primary trading pairs include USDT, BTC, USD, and EUR.
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