XT

Tezos

XTZ
Layer 1Rank #40Tezos

$0.3723

+2.26%24h
+0.63%7d

Market Cap

$401.46M

Volume 24h

$11.99M

Vol / Market Cap

2.99%

Rank

#40

XTZ Price Chart

About Tezos

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.

How It Works

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.

Use Cases

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.

Tokenomics

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.

Risks & Considerations

Complex upgrade paths and high governance fatigue have led to a decline in active developer contributions.

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