Follow Tezos’ price in real time.

Tezos is a decentralized platform for the creation of advanced autonomous contracts. Tezos differs from Ethereum via two main features.

Understanding the price of Tezos

What is Tezos?

Tezos is a project that aims to compete with Ethereum. It wishes to propose a more reliable and secure protocol that would limit errors in smart-contracts. For this, they decided to use different languages and facilitate the verification of the code. The company conducted an ICO (cryptocurrency fundraiser) in September 2017 that amounted to 232 million in BTC and ETH.

Liquid Proof-of-Stake

As a public blockchain, Tezos provides an economic incentive for transaction validators to secure the network via a purely Proof-of-Stake system rather than Proof-of-Work. This system allows the holders of the XTZ token, the platform’s native asset, to easily access their share of the system’s monetary creation, which is not monopolized by miners.

“On-chain” governance

Unlike Bitcoin or Ethereum, the Tezos protocol incorporates a protocol improvement process that asks XTZ token holders to vote for the improvements they want to see added. This ensures that the chain used is the authentic chain, in case of a protocol fork. Designers of enhancements can attach an invoice that will be paid for by additional monetary creation, which provides an inherent economic incentive in the system to improve the protocol.

Learn more

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