Tezos Price

Tezos (XTZ) price has declined today.

The price of Tezos (XTZ) is $0.845122 today with a 24-hour trading volume of $38,651,159.57. This represents a -5.40% price decline in the last 24 hours and a -5.80% price decline in the past 7 days. With a circulating supply of 940 Million XTZ, Tezos is valued at a market cap of $793,440,217.

Tezos is a coin created by a former Morgan Stanley analyst, Arthur Breitman. It is a smart contract platform which is does not involve in mining Tezos coins. It is a coin that promotes themselves on major ideas of self-amendment and on-chain governance. It is an Ethereum-like blockchain that hosts smart contracts. It allows the community to vote and improve its flaws. Any token holder may delegate their voting rights to others in the network. The coin uses a generic network shell which allow different transaction and consensus protocols that a blockchain needs to be compatible.

The source code is implemented on OCaml which is a fast, flexible and functional programming language which should suit an ambitious project and its technical requirements. Tezos’ proof-of-stake consensus algorithm is different from the delegated proof-of-stake (dPOS) where they go by the name liquid proof-of-stake. This liquid proof-of-stake that Tezos uses focus in filling the gap between both security and decentralization but still being able to take advantage of the benefits that delegated proof-of-stake offers. The staking process in Tezos is called “baking”. In this blockchain, bakers who make deposits will be rewarded for signing up and publishing blocks. However, if a baker commits any bad behavior the deposits will be forfeited.

Baking & Endorsing

Baking is what Tezos refers to as the action of signing and publishing a new block in the chain. Bakers need at least 6,000 XTZ to qualify as a delegate, and having additional delegated stake increases their chances of being selected as a Baker or Endorser.

At the beginning of each cycle (4096 blocks), the Bakers for each block are randomly selected and published. Bakers earn a block reward of 20 XTZ for baking a block.

In addition to the Baker, 32 Endorsers are randomly selected to verify the last block that was baked. Endorsers receive 1.25 XTZ for each block they endorse.

With an upcoming protocol upgrade, endorsements are being renamed to attestations.

Block Rewards & Inflation

Block rewards are funded by protocol defined inflation. Rewards are calibrated so that the number of XTZ tokens grows at roughly 5.5% per year. If 100% of Tezos tokens are delegated, the annualized yield will be 5.5%. As of May 2021, approximately 78.8% of Tezos tokens have been delegated, including the 10% owned by the Tezos Foundation, so the annualized yield is roughly 5.8%.

To ensure Bakers and Endorsers act honestly, they are required to post a security deposit for each block they Bake or Endorse. They forfeit this deposit in the event of malicious activity, such as double baking or double endorsing a block.

In 2018, Tezos successfully launched their main network after delaying the launch due to corporate governance disputes. The Tezos foundation planned to transition the network to a mainnet, or a more complete version. The foundation has also raised $232 million in July 2017 to build the network and issue a new type of cryptocurrency to its backers in one of the largest- ever initial coin offerings. The founders have also made it clear in their blog that the network is using a new blockchain technology hence unexpected issues may still occur affecting the network

Where can you buy Tezos?

XTZ tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Tezos is Kraken, where the most active trading pair XTZ/USD has a trading volume of $217,391.71 in the last 24 hours. Other popular options include BitMart and DigiFinex.

What is the daily trading volume of Tezos (XTZ)?

The trading volume of Tezos (XTZ) is $38,647,127.69 in the last 24 hours, representing a 9.70% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for Tezos (XTZ)?

The highest price paid for Tezos (XTZ) is $9.12, which was recorded on Oct 04, 2021 (almost 2 years). Comparatively, the current price is -90.70% lower than the all-time high price.

What is the all-time low for Tezos (XTZ)?

The lowest price paid for Tezos (XTZ) is $0.350476, which was recorded on Dec 07, 2018 (over 4 years). Comparatively, the current price is 141.40% higher than the all-time low price.

What is the market cap of Tezos (XTZ)?

Market capitalization of Tezos (XTZ) is $793,440,217 and is ranked #57 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of XTZ tokens (940 Million tokens are tradable on the market today).

How does the price performance of Tezos compare against its peers?

With a price decline of -5.80% in the last 7 days, Tezos (XTZ) is underperforming the global cryptocurrency market which is down -0.90%, while underperforming when compared to similar Layer 1 (L1) cryptocurrencies which are down -5.30%.

What is the market sentiment of Tezos today?

The community is bearish as more than 53% of users are feeling bad about Tezos (XTZ) today.