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Market Cap:  $351,098,812,26524h Vol:  $100,119,605,943BTC Dominance:  57.4%Cryptocurrencies:  7,106Markets:  29,464

Tezos (XTZ)

$2.37 USD (-5.30%)
0.00021742 BTC (-5.06%)
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  • Market Cap
    $1,760,357,667 USD
    161,685 BTC
  • Volume (24h)
    $161,339,567 USD
    14,819 BTC
  • Circulating Supply
    743,641,874 XTZ

About Tezos

What Is Tezos?

Tezos (XTZ) is a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It was developed by Arthur Breitman, with support from his wife Kathleen Breitman, and launched an initial coin offering (ICO) in 2017 that raised $232 million US dollars. A year after the ICO, Tezos launched its beta network in July 2018.

The Tezos platform aims to combine a self-correcting protocol and on-chain governance to manage network modifications, and supports Turing complete smart contracts.

Tezos is also supported by the Tezos Foundation, which is a Swiss-based entity that promotes the Tezos protocol through grants and other capital vehicles.

How Does Tezos Work?

Tezos works by creating incentives for users to want to participate in the core development of the Tezos protocol. However, the blockchain also uses formal mathematical proofs to ensure that certain critical properties of the Tezos protocol are maintained, thus keeping the network decentralized.

Can You Mine Tezos?

You can't mine on the Tezos blockchain as you would a proof-of-work cryptocurrency like Bitcoin, as it is based instead on a proof-of-stake consensus (DPoS) mechanism rather than on a proof-of-work protocol. The Tezos protocol is powered by XTZ tokens, which are created through "baking."

What Is Tezos Baking?

Instead of mining, Tezos bakers (also known as delegates) earn rewards of Tezos tokens by staking, i.e. they put up deposits and are rewarded for signing and publishing blocks, and witnesses then validate the blocks. Dishonest bakers lose their XTZ deposits, which is an incentive to stay honest in the Tezos ecosystem. Tezos is implemented in the OCaml programming language, which is said to offer "functional, imperative, and object-oriented styles."

Tezos Price

Tezos Price$2.37 USD
Tezos ROI
403.66%
Market Rank#17
Market Cap$1,760,357,667 USD
24 Hour Volume$161,339,567 USD
Circulating Supply743,641,874 XTZ
Total Supply743,641,874 XTZ
Max SupplyNo Data
All Time High
$4.48 USD
(Aug 13, 2020)
All Time Low
$0.314631 USD
(Dec 07, 2018)
52 Week High / Low
$4.48 USD /
$0.688631 USD
90 Day High / Low
$4.48 USD /
$2.24 USD
30 Day High / Low
$4.48 USD /
$2.36 USD
7 Day High / Low
$3.50 USD /
$2.36 USD
24 Hour High / Low
$3.50 USD /
$2.36 USD
Yesterday's High / Low
$2.56 USD /
$2.46 USD
Yesterday's Open / Close
$2.49 USD /
$2.49 USD
Yesterday's Change$0.001200 USD (0.05%)
Yesterday's Volume$155,785,199 USD
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