tezos Tezos (XTZ)

$6.460
-4.27% (24H)
Watch
Market CapVolumeAvailable Supply
$4.96 B$600.77 M766.53 M XTZ

Tezos current price is $6.460 with a marketcap of $4.96 B. Its price is -4.27% down in last 24 hours.

Tezos is a coin created by a former Morgan Stanley analyst, Arthur Breitman. It is a smart contract platform which is does not involve in mining Tezos coins. It is a coin that promotes themselves on major ideas of self-amendment and on-chain governance. It is an Ethereum-like blockchain that hosts smart contracts. It allows the community to vote and improve its flaws. Any token holder may delegate their voting rights to others in the network. The coin uses a generic network shell which allow different transaction and consensus protocols that a blockchain needs to be compatible. The source code is implemented on OCaml which is a fast, flexible and functional programming language which should suit an ambitious project and its technical requirements. Tezos’ proof-of-stake consensus algorithm is different from the delegated proof-of-stake (dPOS) where they go by the name liquid proof-of-stake. This liquid proof-of-stake that Tezos uses focus in filling the gap between both security and decentralization but still being able to take advantage of the benefits that delegated proof-of-stake offers. The staking process in Tezos is called “baking”. In this blockchain, bakers who make deposits will be rewarded for signing up and publishing blocks. However, if a baker commits any bad behavior the deposits will be forfeited. Baking & Endorsing Baking is what Tezos refers to as the action of signing and publishing a new block in the chain. Bakers need at least 10,000 XTZ to qualify as a delegate, and having additional delegated stake increases their chances of being selected as a Baker or Endorser. At the beginning of each cycle (4096 blocks), the Bakers for each block are randomly selected and published. Bakers earn a block reward of 16 XTZ for baking a block. In addition to the Baker, 32 Endorsers are randomly selected to verify the last block that was baked. Endorsers receive 2 XTZ for each block they endorse. Block Rewards & Inflation Block rewards are funded by protocol defined inflation. Rewards are calibrated so that the number of XTZ tokens grows at roughly 5.5% per year. If 100% of Tezos tokens are delegated, the annualized yield will be 5.5%. Currently, 38% of Tezos tokens have been delegated, including the 10% owned by the Tezos Foundation, so the annualized yield is currently 14%. To ensure Bakers and Endorsers act honestly, they are required to post a security deposit for each block they Bake or Endorse. They forfeit this deposit in the event of malicious activity, such as double baking or double endorsing a block. In 2018, Tezos successfully launched their main network after delaying the launch due to corporate governance disputes. The Tezos foundation planned to transition the network to a mainnet, or a more complete version. The foundation has also raised $232 million in July 2017 to build the network and issue a new type of cryptocurrency to its backers in one of the largest- ever initial coin offerings. The founders have also made it clear in their blog that the network is using a new blockchain technology hence unexpected issues may still occur affecting the network. Check out CoinBureau for the complete review of Tezos.
CMC Currency Details (Advanced Design)
Loading Chart...
Enter Amount
Base Currency
Convert To

10 Tezos (XTZ)
=
64.60USD

DatePriceVolumeMarketCap
# ExchangePairPriceVolume (24h)Updated

Equisafe is proud to present its new partner @Carthagea2 to inaugurate its #marketplace : Equisafe Markets 💥

Investing in unlisted companies:
👉 Lack of referencing
👉 Lack of liquidity
👉 Lack of monitoring

#Tezos @NomadicLabs

https://urlz.fr/fpg3

On April 15th, this #WorldArtDay2021, artists from around the world will be creating NFTs on Hic et Nunc (Here & Now in latin) around the theme of #NFTsForAll.

Proceeds will be donated to support the Creative Commons non-profit. #Tezos @hicetnunc2000

https://www.worldartday2021.com

NYT: NFTs Are Shaking Up the Art World. They May Be Warming the Planet, Too

"Some NFT platforms — including one known as Hic Et Nunc, which is based on the Tezos blockchain — have already started using proof of stake, attracting artists" #Tezos #CleanNFT
https://www.nytimes.com/2021/04/13/climate/nft-climate-change.html

Load More...
Loading facebook comment(s)CMC Currency Details (Advanced Design)
Subscribe
Notify of
guest
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
2
0
Would love your thoughts, please comment.x