Tezos Price today is $2.760 - Tezos exchanges, Tezos Price prediction, market live

tezos Tezos (XTZ)

$2.760
-7.97% (24H)
Watch
Market CapVolumeAvailable Supply
$2.40 B $165.32 M874.35 M XTZ

Tezos price today is $2.760, Tezos price -7.97% down in 24h, Tezos market cap is $2.40 B, Tezos exchanges, Tezos price prediction, price charts, market live

 

Tezos cryptocurrency is a peer-to-peer, distributed smart contract platform which aims differently than it's the nearest neighbor i.e. Ethereum. The Tezos key selling point is self-amendment and on-chain governance.

On-chain governance in simple words means if anybody invest in the network has voting power on the future direction of the project which includes coin features and coin funding.

What does Tezos means with self-amendment is that its network does not have to fork (split into two blockchains) in order to upgrade? The reason given by Tezos at its site is quoted below.

This is important as the suggestion or expectation of a fork can divide the community, alter stakeholder incentives, and disrupt the network effects that are formed over time. Because of self-amendment, coordination and execution costs for protocol upgrades are reduced and future innovations can be seamlessly implemented.

Another interesting part of the network i.e. Tezos refers to the staking process as “baking”.

In the Tezos blockchain, any stakeholder ("Bakers") can participate in the consensus process and be rewarded by the protocol for the security and stability of the network."

Bakers commit deposits and validate all the transactions and add them to the Blockchain.

Bakers ensure that all transactions are correctly ordered and are not repetitive. Bakers are rewarded with the Tezos token for their work.

A security deposit is required before participating in the consensus process. Any dishonesty from the part of Baker will result in losing their security deposit.

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