Tezos Price

Tezos is a decentralized blockchain platform and cryptocurrency that supports smart contracts and decentralized applications (DApps). Key features of XTZ include: • Self-upgrading protocol through on-chain governance, allowing it to evolve without hard forks • Liquid Proof-of-Stake (LPoS) consensus mechanism for energy-efficient block validation • Formal verification of smart contracts for enhanced security • Support for various programming languages to develop DApps XTZ was launched in 2018 after raising $232 million in an ICO. It aims to drive Web3 adoption by enabling user-managed networks and frictionless value exchange. The native token XTZ is used for all operations on the network, including staking, governance voting, and transaction fees. As of 2025-11-01, XTZ is ranked #122 by market cap at $0.5775. It has a circulating supply of 1.06B XTZ XTZ and a total supply of 1.08B XTZ XTZ. The all-time high price was $9.12 on October 4, 2021.

Tezos was created in 2017. The project was developed by Arthur Breitman, a former Morgan Stanley analyst, with support from his wife Kathleen Breitman. Tezos conducted its initial coin offering (ICO) in July 2017, raising $232 million. The beta network of Tezos was officially launched in July 2018, one year after the ICO. Since then, Tezos has been operating as a decentralized blockchain platform that supports smart contracts and decentralized applications (DApps), aiming to drive the Web3 revolution with user participation and governance at its core.

The founders of Tezos are Arthur Breitman and Kathleen Breitman. Arthur Breitman, a former Morgan Stanley analyst, developed the concept and technology behind Tezos with support from his wife Kathleen. They launched the project in 2014 and conducted a successful initial coin offering (ICO) in 2017, raising $232 million to fund the development of the Tezos platform. The Breitmans aimed to create a self-amending cryptocurrency and blockchain that could evolve without the need for hard forks. Tezos officially launched its mainnet in 2018, introducing innovative features like on-chain governance and formal verification for smart contracts.

Tezos operates on a self-amending blockchain using a Liquid Proof-of-Stake (LPoS) consensus mechanism. Key features include: 1. On-chain governance: XTZ holders can vote on protocol upgrades and changes. 2. Self-amendment: The blockchain can upgrade itself without hard forks, reducing the risk of chain splits. 3. Formal verification: Smart contracts can be mathematically verified for enhanced security. 4. Baking: Validators (called 'bakers') stake XTZ to create new blocks and earn rewards. 5. Delegation: Users can delegate their XTZ to bakers without transferring ownership. 6. Smart contracts: Supports complex decentralized applications (dApps) and tokenization. The XTZ token is used for transactions, smart contract interactions, governance voting, and staking. With a current price of $0.5775 and market cap of $614.36M, Tezos aims to provide a secure, upgradeable platform for decentralized applications and digital assets in the evolving Web3 ecosystem.

Tezos utilizes a unique technical architecture based on its Liquid Proof-of-Stake (LPoS) consensus mechanism. The network is built on a modular structure that allows for easy upgrades and improvements without hard forks. Key components include: 1. Network Shell: Handles peer-to-peer communication and block validation. 2. Protocol: Defines the rules of the network, including transaction processing and governance. 3. Smart Contract Layer: Supports Turing-complete smart contracts written in Michelson language. 4. On-Chain Governance: Allows stakeholders to vote on protocol upgrades. 5. Self-Amendment: Enables the blockchain to upgrade itself based on governance decisions. 6. Formal Verification: Ensures code correctness and enhances security. This architecture allows Tezos to evolve and adapt over time, making it highly flexible and future-proof. The LPoS mechanism also promotes decentralization by allowing token holders to delegate their stake to bakers (validators). Overall, Tezos's technical design prioritizes security, upgradability, and community-driven development.

Tezos has a promising future and roadmap focused on continuous innovation and ecosystem growth. Key developments planned include: 1. Scalability improvements: Enhancing transaction throughput and reducing fees to support more widespread adoption. 2. Smart contract upgrades: Introducing new features and optimizations to make Tezos's smart contract platform more powerful and developer-friendly. 3. Governance enhancements: Refining the on-chain governance system to ensure the protocol can evolve smoothly based on community consensus. 4. Interoperability: Developing bridges and cross-chain solutions to connect Tezos with other blockchain networks. 5. DeFi and NFT expansion: Growing the decentralized finance and non-fungible token ecosystems built on Tezos. 6. Enterprise adoption: Partnering with more businesses to implement Tezos's technology for real-world use cases. 7. Sustainability initiatives: Focusing on energy efficiency and environmental impact reduction. The Tezos team aims to position the platform as a leading blockchain for Web3 applications by 2030. With ongoing development and community support, XTZ has the potential to see significant growth and adoption in the coming years.