About Tezos (XTZ)
Tezos (XTZ) is a self-upgrading, open-source blockchain ecosystem designed to power Web3 services, protocols, and platforms such as DeFi applications, NFT marketplaces and projects, peer-to-peer (P2P) payments, and smart contracts.
Tezos is notable as a completely open-source project that uses a decentralized governance model to propose changes to the Tezos blockchain. Any XTZ holder can participate in the Tezos governance voting process, with approved proposals automatically updated across all network nodes.
The Tezos ecosystem consists of a wide range of NFT marketplaces, smart contract verification platforms, multi-currency wallets, carbon-offset NFTs, play-to-earn (P2E) blockchain-based games, and DeFi platforms.
XTZ is the native cryptocurrency of Tezos, a blockchain platform that was launched in 2018. It is a Proof-of-Stake (PoS) token that is used to pay for transactions and services on the Tezos network. XTZ can also be staked to earn rewards.
Tezos is designed to be a more scalable and secure blockchain than other platforms, such as Ethereum. It uses a unique consensus mechanism called Liquid Proof-of-Stake (LPoS), which allows for faster block times and lower transaction fees.
The current price of Tezos (XTZ) is updated and available in real time on Binance.