Tezos (XTZ)

$0.930896 (2.51%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
19 $614,739,000.00 $14,140,500.00 660,374,000 XTZ 43 2.51% 1.16% -$23.37

Exchange Pair Volume (24h) Price
Kraken XTZ/USD 65,386.00 0.9270000000
Bitfinex XTZ/BTC 12,507.99 0.0001108200
Kraken XTZ/XBT 157,392.00 0.0001112000
Kraken XTZ/EUR 212,493.00 0.8401000000
Coinone XTZ/KRW 16,639.23 1,091.0000000000
Coinbase Pro XTZ/USD 326,916.00 0.9277000000
Bitfinex XTZ/USD 29,770.00 0.9340100000
Coinbase Pro XTZ/BTC 193,913.00 0.0001116400
Kraken XTZ/ETH 555.13 0.0050085000
KuCoin XTZ/BTC 15,414.62 0.0001120500
KuCoin XTZ/USDT 1,336.69 0.9323500000
MXC XTZ/USDT 2,259,578.00 0.9319600000
AEX XTZ/CNC 2,230,973.00 6.6600000000
HitBTC XTZ/BTC 105,373.00 0.0001111200
Binance XTZ/BTC 248,616.00 0.0001116000
HitBTC XTZ/USD 45,698.00 0.9213050000
XT XTZ/SXC 134,641.00 6.5582000000
XT XTZ/BTC 88,213.00 0.0001119200
XT XTZ/USDT 146,116.00 0.9209000000
HitBTC XTZ/ETH 19,405.40 0.0050092000
Binance XTZ/USDT 149,138.00 0.9222000000
BigONE XTZ/USDT 406,732.00 0.9245000000
Gate.io XTZ/USDT 40,288.00 0.9270000000
BitMax XTZ/USDT 1,420.56 0.9253000000
Huobi Global XTZ/BTC 33,555.00 0.0001114100
Oceanex XTZ/USDT 183,696.00 0.9247000000
Oceanex XTZ/VET 172,213.00 260.8400000000
Gate.io XTZ/BTC 19,268.54 0.0001112200
Bitrue XTZ/XRP 7,297.85 3.1887000000
Bitrue XTZ/BTC 1,364.21 0.0001116000
BigONE XTZ/BTC 47,678.00 0.0001117100
Binance XTZ/BNB 1,745.51 0.0505300000
Huobi Global XTZ/USDT 10,260.30 0.9342000000
Huobi Global XTZ/ETH 4,005.27 0.0050460000
Gate.io XTZ/ETH 2,246.21 0.0050010000
Livecoin XTZ/BTC 173.14 0.0001115300
CoinEx XTZ/BCH 6,431,017.00 0.0041064400
LATOKEN XTZ/USDT 1,400,027.00 0.9234000000
LATOKEN XTZ/BTC 1,263,358.00 0.0001110000
Coinsuper XTZ/BTC 14,381.94 0.0001111600
CoinEx XTZ/BTC 151,646.00 0.0001114900
ChainEX XTZ/BTC 17,542.37 0.0001114800
FinanceX XTZ/VND 49.80 21,820.0000000000
WazirX XTZ/USDT 72.76 0.9335000000
BitMax XTZ/BTC 224.34 0.0001118000
ZB XTZ/USDT 1.07 0.8128000000
CODEX XTZ/BTC 8,584.50 0.0001122500
Kraken XTZ/CAD 152.03 1.2483000000
BitMax XTZ/ETH 0.00 0.0049760000
Chainrift XTZ/BTC 0.00 0.0001062300
CoinAll XTZ/USDT 47.69 0.8046000000
P2PB2B XTZ/USD 30.30 1.0100000000
P2PB2B XTZ/USDT 25.51 1.0200000000
P2PB2B XTZ/ETH 23.79 0.0052000000
P2PB2B XTZ/BTC 20.50 0.0000990000
TokensNet XTZ/USDT 0.00 0.0000000000
FinanceX XTZ/USDT 0.00 0.8496650000
FinanceX XTZ/IDR 0.00 11,734.0000000000

Background

Tezos was first proposed in a position paper released in Aug. 2014 with more specifics announced in a whitepaper released in Sept. 2014. The network is designed with a focus on allowing token holders to vote for proposed changes to functionality in order to avoid forking the network. In 2015 the founders, Kathleen and Arthur Breitman established a company called Dynamic Ledger Solutions which was responsible for writing the initial code for Tezos. At the core of this codebase is a system to formalize proposing, voting for, and implementing changes to the functionality of the network. Once a proposal has been made holders of Tezos (XTZ) tokens are able to vote with a weighting of one vote per token. Consensus is determined using a version of a delegated proof-of-stake (DPoS) system where stakers, called bakers within the network, can lock up their tokens in exchange for the ability to validate blocks. In Tezo's more liquid DPoS system users are able to "delegate" tokens to bakers without transferring ownership. Rewards for validating blocks are distributed to bakers in the form of new XTZ tokens with a proportional amount of the reward distributed to wallets that have delegated tokens to the baker. This enables smaller token holders to participate in the validation (and reward) process if they hold less than the required amount to become a full baker. Using the original source code which was released in 2016 Tezos launched an alphanet in Feb. 2017 prior to their July token sale. While the network was originally planned for a late 2017 launch the betanet did not go live until June 2018 due to disagreements within the foundation which delayed the release of funds to developers.[1] Following a successful betanet launch the mainnet went live in Sept. 2018. [2]

Technology

Tezos is a multi-purpose blockchain platform that integrates features like smart contracts, on-chain governance, and the ability to conduct formal verification. The developers made a unique choice to use OCaml as the programming language arguing that it offers better security features and is a more powerful interface compared to other options like C++. OCaml also allows developers to check operations using formal verification which can detect potential bugs or errors in the code. To allow for future changes to the network Tezos is divided into network, transaction, and consensus protocols. The transaction and consensus protocols operate separately and plug into a generic network shell. This shell maintains the current state of the blockchain and allows the network to conduct internal checks on the protocols allowing them to validate their own replacements. Proposed changes can be made by anyone and are decided on by a vote from token holders. Proposals can include a payment to be made by the developer proposing a change which the team believes will incentive more impactful development on the platform. Tezos uses a DPoS system that differs slightly from established models in that block producers are not selected by token holders and anyone can participate as a baker (validator) if they hold a specified amount of tokens. Token holders that do not meet the minimum threshold can delegate their tokens to a baker without needing to relinquish control of their tokens. Using this model the team believes they can increase participation from token holders by reducing frictions and allowing anyone to recieve newly released XTZ to maintain the relative value of their holdings.



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