What is Tezos?
Tezos is a blockchain platform that supports building smart contracts and decentralized financial applications. Tezos was created with the idea of being a digital communitywealth that democratizes governance, minimizing hard forks.
What problem does Tezos solve?
Tezos aims to solve two main problems of many blockchain platforms today:
- The community is fragmented when performing network forks
- The cost of maintaining network security is too high
Key Features of Tezos
Liquid Proof-of-Stake (LPoS) consensus mechanism
Tezos uses the Proof-of-Stake consensus mechanism, to optimize the decentralization of governance, encouraging all XTZ holders to join the network. The LPoS mechanism consists of a group of validators that can expand the network, allowing stakeholders (stakeholders) to delegate to other holders.
On-chain governance
All XTZ holders are involved in the governance of the platform directly or indirectly through authorization. Stakeholders can propose amendments and reach agreement through the election cycle.
Self-amendments
The platform can automatically upgrade without fork the network into 2 different blockchains. This feature helps the platform reduce implementation and coordination costs for each protocol change, facilitating smoother transitions.
XTZ Token
XTZ is the token of the Tezos platform, used to operate the network. XTZ has several uses cases as below:
- To pay transaction fees
- To reward participants for production and validation on the Tezos blockchain
- To vote for proposals on project management
- To build and develop Tezos ecosystem
Specifications
- Symbol: XTZ
- Blockchain: Tezoschain
- Total supply: 891,183,493 XTZ
- Circulating supply: 861,939,655.65 XTZ
XTZ token Price today
How to buy XTZ
Tezos (XTZ) has been listed on Attlas Exchange.
Traders can easily and securely buy XTZ with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find XTZ
Step 5: Select Buy
Summary
This article is an overview of Tezos (XTZ), not a financial advise.
Users are advised to do their own research before making any trading decisions.