Tezos Price (XTZ)

XTZ is the native coin of the Tezos blockchain, designed for digital value exchange and staking. Tezos is a self-upgrading blockchain that supports smart contracts, enabling decentralized applications (dApps) without disrupting the network. XTZ is used for staking to secure the network, participate in governance decisions, and validate transactions. The built-in governance system allows developers to propose upgrades, which are voted on by the community of validators (Bakers). This decentralized approach ensures continuous evolution without compromising network stability.

Tezos uses a Proof of Stake (PoS) consensus mechanism. To validate transactions and secure the network, participants must stake a minimum of 8,000 XTZ and become "bakers." Bakers also play a key role in the governance of the network, voting on protocol upgrades in a four-stage process: proposal, exploration, testing, and final voting. This allows the Tezos blockchain to evolve through decentralized decision-making without the need for hard forks.

Tezos is highly decentralized, with 463 community validators (bakers) participating in both block validation and protocol governance. Bakers collaborate to endorse blocks, propose upgrades, and vote on protocol changes. Unlike other blockchains with centralized development teams driving upgrades, Tezos relies on its community to propose, approve, and implement changes, ensuring no hard forks are needed. This decentralized approach extends to both the network's validation and its governance structure.

Tezos was founded by Arthur and Kathleen Breitman in 2014. The project raised $232 million through an Initial Coin Offering (ICO) in 2017, making it one of the most successful ICOs at the time.

The current circulating supply is 950,865,544 XTZ.

Tezos stands out for its highly adaptable PoS blockchain, which supports open-source design and decentralized governance. This allows for quick protocol upgrades and seamless integration of new technologies without network disruptions. Unlike many other blockchains, Tezos avoids hard forks by enabling the community to propose and vote on changes directly.

XTZ can be purchased directly from exchanges like Binance using a debit or credit card. It can also be traded for other cryptocurrencies on the platform. You can check real-time XTZ prices on Binance and follow their How to Buy Tezos (XTZ) Guide for further instructions.