Tezos
XTZ$0.3723
Market Cap
$401.46M
Volume 24h
$11.99M
Vol / Market Cap
2.99%
Rank
#40
XTZ Price Chart
Tezos is a blockchain platform featuring on-chain governance and self-upgrading smart contracts.
Tezos is a blockchain platform featuring on-chain governance that allows protocol upgrades without hard forks while supporting smart contracts.
A "self-amending" blockchain that allows for protocol upgrades without the need for controversial hard forks. Token holders vote on proposed changes directly on-chain, and the software automatically updates itself based on the result.
On-Chain Governance: Used for "baking" (staking) to secure the network and for voting on automatic protocol upgrades that prevent the need for hard forks.
Self-Amending Governance: Uses a "Liquid Proof of Stake" model. Used for "Baking" (staking) and voting. The protocol can upgrade its own code automatically based on token holder votes, avoiding controversial hard forks.
Complex upgrade paths and high governance fatigue have led to a decline in active developer contributions.
