Today's Tezos Price Summary
Tezos's price today is $0.86 USD, with a 24-hour trading volume of $21,186,804 USD. XTZ
is down -0.73% in the last 24 hours. Tezos is currently ranked #76 with a
market capitalization of $767,478,798 USD.
Tezos, a cryptocurrency launched in 2018, stands out in the digital currency landscape due to its unique approach to governance. Unlike other cryptocurrencies, Tezos allows anyone who owns its XTZ tokens to vote on future changes to network rules. This system of "on-chain governance" puts the power of directing the future of Tezos directly into its users' hands, increasing user satisfaction and nearly eliminating the chances of a hard fork.
How does Tezos Work?
Tezos operates through a two-part blockchain: the Network Shell and the Network Protocol. The former handles transactions and self-amends based on user votes while the latter sends proposals for review. It employs a variant of proof-of-stake consensus mechanism known as liquid proof-of-stake (LPoS), where users stake or "bake" XTZ tokens.
Tezos Founding and Value Proposition
Founded by Arthur Breitman and Kathleen Breitman in 2014 with operations based in Switzerland, Tezos has navigated numerous obstacles since its inception. Its value stems from both its XTZ token that maintains and operates the network, and from companies using Tezos to tokenize their assets.
The Security of Tezos
The security of the Tezos network is ensured through decentralized blockchain technology, cryptographic encryption, and its unique LPoS consensus mechanism. This ensures there is no central database or single point of failure making it resistant against potential cyber threats.
The Tezos Blockchain Usecase
At present, Tezos primarily serves as a staking currency but also provides a platform for developers launching decentralized applications like tzBTC and Tezsure. With just under 762 million XTZ tokens currently in circulation and an annual inflation rate of around 5.51%, Tezos continues to offer a unique value proposition in the world of cryptocurrencies.
What is Tezos All-Time High price (ATH)?
On October 4th, 2021 12:41:18 AM, Tezos hit a historic high of $9.12 USD.
It has been about 2 years ago since Tezos reached its peak.
What is Tezos All-Time Low price (ATL)?
On December 7th, 2018 12:00:00 AM, Tezos reached a bottoming price of $0.3504760000 USD.
About 4 years ago has passed Tezos has seen such a low price.