Buy
Sell
Trade
Crypto Prices
Learn
Language
XTZ
The live Tezos (XTZ) price is currently —, — — in the last 24-hours. Tezos is currently — by market capitalization, which is calculated by multiplying the current price (—) with the circulating supply (—), and has a total supply of —. Buy Tezos at MoonPay's current rate:
Tezos is a decentralized blockchain network designed to enable smart contracts and decentralized applications (dApps). It was created to address key challenges faced by other blockchain platforms, such as scalability, governance, and upgradeability.
Tezos aims to address the limitations of other blockchains by utilizing a layered architecture. It separates the network and transaction layer from the consensus layer, allowing for greater scalability and performance improvements.
Tezos also supports the creation of dApps and smart contracts, enabling developers to build applications on the platform. It provides tools and resources to simplify the development process and offers a secure and robust environment for deploying smart contracts.
XTZ is the native cryptocurrency of the Tezos smart contract platform. XTZ holders can participate in the platform's governance, delegate their tokens to validators to earn rewards, and use XTZ in transactions and smart contract interactions.
The all-time high of Tezos (XTZ) is $9.18, which was reached on October 4, 2021.
The all-time low of XTZ is $0.3146, which was reached on December 7, 2018.
There is no hard cap on the maximum supply of XTZ tokens. Currently, the total supply of XTZ is about —, of which — XTZ are in circulation.
You can buy Tezos directly via MoonPay or through one of our many partner wallets, such as Trust Wallet and Exodus. MoonPay’s simple widget makes it easy to buy XTZ with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more payment methods. You can also top up your wallet with euros, pounds, or dollars and use your MoonPay Balance to purchase crypto like Tezos. With MoonPay Balance, you'll enjoy faster transactions, lower fees, and higher approval rates.
The Tezos Foundation launched Tezos in July 2017 with an initial coin offering (ICO) that raised $232 million in one of the largest initial coin offerings of all time.
The price of XTZ, the native token of Tezos, rose sharply after the ICO, reaching a high of about $8.82 by mid-December. However, the XTZ price fell sharply soon after and ended the year trading close to $4 per token.
Tezos was volatile in the first half of 2018, and the price began to fall steadily in the second half, ending the year around $0.50 per token.
The decline in the price of XTZ was due to a number of factors, including the overall crypto bear market, concerns about the scalability of Tezos, and legal challenges faced by the Tezos Foundation.
The price of XTZ began to recover in 2019, briefly crossing $1.70 on some days. The recovery in the XTZ price can be attributed to the launch of new decentralized finance (DeFi) and NFT projects on Tezos, the release of new features on the Tezos network, and the appointment of a new CFO to the Tezos Foundation.
XTZ continued to rise in 2020, reaching a highest price of $4.21 in August. The rise in the price of XTZ was due to a number of factors, including the continued growth of DeFi and NFT projects on the Tezos platform, the launch of new staking rewards programs, and an increasing adoption of Tezos by institutional investors.
The price of XTZ reached a new all-time high of $9.18 in October 2021 thanks to the launch of new institutional-grade custody solutions, the general crypto bull market, and the continued adoption of Tezos by government-recognized entities.
The price of XTZ fell sharply in 2022, along with the rest of the cryptocurrency market, because of the overall cryptocurrency bear market, as well as other global economic factors. XTZ ended the year trading below $1.
Tezos (XTZ) had a hot start to 2023, increasing from $0.71 to $1.44 by late February. Since then, the Tezos price has steadily decreased, dipping to back below $0.68 by mid August.
Tezos's block creation process utilizes a Proof of Stake consensus algorithm. To maintain the security and integrity of the network, Tezos uses a layered architecture - this also makes the network more modular and upgradeable.
The layered architecture consists of two main layers: the network layer and the protocol layer.
The network layer is responsible for the fundamental aspects of the blockchain network, such as consensus, block creation, transaction validation, and peer-to-peer communication.
In Tezos, the consensus algorithm used is called Liquid Proof of Stake (LPoS). Liquid Proof of Stake relies on a set of selected stakeholders, known as "bakers," who are chosen based on the number of tokens they hold and are willing to stake as collateral.
Bakers take turns creating and validating new blocks, maintaining the blockchain's integrity, and securing the network. This consensus algorithm ensures high scalability and energy efficiency compared to traditional Proof of Work consensus algorithms.
The protocol layer defines the rules, standards, and functionalities of the Tezos blockchain. It encompasses the smart contract language, transaction types, and governance mechanism.
Tezos employs a unique language called Michelson for writing smart contracts. Michelson is a stack-based language specifically designed for formal verification, which ensures that smart contracts behave as intended and are free from vulnerabilities.
This layer also includes the economic protocol, which manages the issuance and distribution of Tezos tokens, as well as various features like delegation, baking rewards, and fee adjustments.
Tezos was founded by a couple named Arthur Breitman and Kathleen Breitman. They conceptualized the Tezos protocol and wrote the initial whitepaper in 2014.
Arthur Breitman has a background in mathematics, computer science, and finance, while Kathleen Breitman has experience in business and marketing.
Tezos is a blockchain platform designed for mainstream adoption, offering a range of use cases with a particular emphasis on enabling "smart money" functionalities. Smart money refers to digital assets that are programmable, allowing for the automated execution of predefined conditions and functions.
Tezos provides a robust infrastructure for building and deploying smart contracts, which are self-executing agreements with the terms of the contract directly written into code.
One of the key applications of Tezos is in the field of decentralized finance (DeFi). Tezos allows for the creation of decentralized financial instruments such as lending and borrowing protocols, decentralized exchanges (DEXs), stablecoins, and yield farming platforms.
These applications enable individuals to participate in various financial activities without the need for intermediaries, providing greater accessibility, transparency, and control over one's finances.
Tezos also enables tokenization, which involves representing real-world assets and rights on the blockchain.
Its smart contract capabilities can tokenize assets such as real estate, artwork, intellectual property, and even traditional financial instruments like stocks and bonds. This process unlocks liquidity, fractional ownership, and automated functionality for these assets, making them more accessible and tradable in a secure and transparent manner.
The self-amendment mechanism in Tezos is a unique and innovative feature that allows the blockchain protocol to evolve and upgrade itself without requiring disruptive hard forks. It enables the Tezos community to make changes to the protocol through a formal governance process, ensuring a more inclusive and decentralized decision-making system.
The process begins with any token holder being able to propose amendments to the Tezos protocol. Proposals can cover various aspects, including consensus rules, governance mechanisms, or even the amendment process itself. Once a proposal is submitted, it undergoes an exploration vote, where token holders decide if it should proceed.
If the proposal passes the exploration vote, it enters a testing period on a separate testnet. This phase allows the community to evaluate the proposed amendment's functionality, security, and potential impact. Following successful testing, a promotion vote is held to determine if the amendment should be activated on the mainnet.
Once the proposal passes the promotion vote, it is scheduled for activation at a predetermined block height. The activation process seamlessly integrates the new protocol rules into the existing Tezos blockchain, enabling a smooth transition without the need for hard forks.
This self-amendment mechanism provides several advantages. It promotes governance transparency, as token holders actively participate in the decision-making process. It also allows for continuous protocol upgrades, ensuring that Tezos remains adaptable to emerging technologies and community needs. By avoiding hard forks, it minimizes network disruptions and the risk of chain splits, fostering a more united and cohesive ecosystem.
In Tezos, mining is not the primary method of validating transactions and securing the network. Instead, Tezos uses a Proof of Stake (PoS) consensus algorithm, and participants can participate in the network by staking Tezos tokens (XTZ).
Here are two ways to get involved:
Here's how you can stake Tezos without technical expertise:
