Type
COIN
Algorithm
-
Protocol
DPOS
Start Date
30/06/2018
Max Supply
757,239,159
Circ. Supply
843,887,380
Intro
Tezos is a decentralized, open-source blockchain network that executes peer-to-peer transactions and supports dApps and smart contracts. It was first proposed in a whitepaper published in 2014 by Arthur Breitman and in 2017 the Tezos Foundation, through an Initial Coin Offering raised $232 million, making it one of the largest ICOs that year. Its mainnet hase been live and public since 30 June 2018.

Tezos network differentiates itself from other similar platforms, with a self-amendment mechanism within the governance model that works efficiently and sustainably to avoid forks and sidechains that other blockchains have to contend with when updating their code.

Tezos relies on Delegated Proof of Stake (DPoS) consensus, by which XTZ holders or bakers are allowed to transfer, or delegate, validation rights to other token holders without transferring funds ownership. In this case, the baker will share a portion of the proceeds received for participating in consensus with all token holders who delegated tokens. This approach provides a strong incentive to participate in the core development of Tezos and further decentralizes network maintenance.

The total supply of Tezos coins is capped at 889,274,103 XTZ. Its block time release is every 30 seconds.
Features
  • Self-amendment
    Tezos has self-regulated governance at all levels within the protocol. In particular, the decision-making process becomes decentralized through a process called baking by which Tezos holders can vote on changes to the network’s future direction. Through testing and agreement by the community, all modifications and updates are then applied to the blockchain.
  • Delegated Proof of Stake
    DPoS is an algorithm used by nodes running the Tezos software to secure the network. Users are staking XTZ to participate in the consensus with the least amount at 8,000 XTZ. In DPoS holders can delegate tokens from another user so that stakeholders can distribute their stake to one or more holders, who can then create blocks and validate transactions on their behalf.
  • Bakers
    Baking is the act of signing and publishing a block on the Tezos blockchain. They ensure that all transactions in a block are correct, that the order of transactions has been agreed upon, and that no double-spending has taken place.
*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.
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