About this project

#### What Is Tezos?

Tezos (XTZ) is a multi-purpose platform that supports decentralized applications (DApps) and smart contracts. It was developed by Arthur Breitman, with support from his wife Kathleen Breitman, and launched an initial coin offering (ICO) in 2017 that raised $232 million US dollars. A year after the ICO, Tezos launched its beta network in July 2018.

The Tezos platform aims to combine a self-correcting protocol and on-chain governance to manage network modifications, and supports Turing complete smart contracts.

Tezos is also supported by the Tezos Foundation, which is a Swiss-based entity that promotes the Tezos protocol through grants and other capital vehicles.

### How Does Tezos Work?

Tezos works by creating incentives for users to want to participate in the core development of the Tezos protocol. However, the blockchain also uses formal mathematical proofs to ensure that certain critical properties of the Tezos protocol are maintained, thus keeping the network decentralized.

### Can You Mine Tezos?

You can’t mine on the Tezos blockchain as you would a proof-of-work cryptocurrency like Bitcoin, as it is based instead on a proof-of-stake consensus (DPoS) mechanism rather than on a proof-of-work protocol. The Tezos protocol is powered by XTZ tokens, which are created through “baking.”

### What Is Tezos Baking?

Instead of mining, Tezos bakers (also known as delegates) earn rewards of Tezos tokens by staking, i.e. they put up deposits and are rewarded for signing and publishing blocks, and witnesses then validate the blocks. Dishonest bakers lose their XTZ deposits, which is an incentive to stay honest in the Tezos ecosystem. Tezos is implemented in the OCaml programming language, which is said to offer “functional, imperative, and object-oriented styles.”

Basic Info

Name Tezos
Symbol XTZ
Category coin
Project website https://www.tezos.com/
Whitepaper link Read more
Withdrawal fee 2.59 XTZ
Deposit enabled Yes
Withdrawal enabled Yes
Supply Total:
Circulating:

Social media

Available markets

Symbol Min amount Max amount Min cost Max cost State
XTZ / EUR 1 XTZ 140000 XTZ 1 EUR 200000 EUR Trading
XTZ / EBASE 0.7 XTZ 140000 XTZ 1 EBASE 200000 EBASE Trading
XTZ / XBASE 0.06 XTZ 130000 XTZ 170 XBASE 10000000 XBASE Delisted
XTZ / ETH 0.7 XTZ 140000 XTZ 0.006 ETH 1000 ETH Trading
XTZ / USDT 1 XTZ 140000 XTZ 1 USDT 200000 USDT Trading
XTZ / BTC 1 XTZ 140000 XTZ 0.001 BTC 25 BTC Trading