New listing on CODEX — meet Tezos! – CODEX – Medium
New listing on CODEX — meet Tezos!
What is Tezos?
Tezos is a new platform for smart contracts and decentralized applications. The Tezos project entered the market as an alternative to Ethereum. The development began in 2014, and later the ICO was successfully held in 2017. Tezos is a blockchain that can evolve through self-amendment. Tezos allows token holders to reach consensus on protocol upgrades, including upgrades to the governance mechanism itself.
Project website: https://tezos.com/
- On-Chain Governance
The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations.
The Tezos blockchain has a high level of security and was designed to facilitate formal verification of the protocol, which helps secure smart contracts and avoid buggy code. Formal verification is the verification of software algorithms for inconsistencies, failures, and errors.
Tezos is a proof-of-stake blockchain with a delegation mechanism. This is a security measure which lets users keep keys in cold storage while participating in the proof-of-stake algorithm. Most of the proof-of-stake machinery in Tezos is roll-tracking and randomness generation. This kind of verification is used all over the world for launching various equipment, and banking systems.
Tezos is one of the acclaimed ICOs in 2017, which managed to raise a record $232 million.
- Price and capitalization of Tezos (XTZ)
There are initially 763,306,930 coins. The current coin price is 1XTZ = $0,56. The XTZ price during the ICO was $0.47 per coin. Despite the youth of the company, the coin ranks 20th according to the coinmarketcap rating. Tezos market capitalization today is $341 740 877. The daily trading volume is $1,998,460 (535,49 BTC). Despite a slight decline in the indicator, representatives of Tezos expressed confidence that in the near future the capitalization of their token would compete with Ethereum.
- Available trading pairs
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