Tezos (XTZ) is a blockchain network in the fourth generation. Like its second and third-generation predecessors, Ethereum and Cardano Tezos also allows for the development of decentralized applications (Dapps) and smart contract development but in a more advanced manner.
Tezos first came to light in 2014 when founders Arthur Breitman and Kathleen Breitman decided to make Dapp development easier and create a more efficient decentralized ecosystem for the future digital economy. In 2018, the project officially opened its doors in Switzerland and made international headlines with a record-breaking ICO worth $232 million in Ether and Bitcoin in just under two weeks.
Investors bought Tezos native token, XTZ. It’s a utility token for the Tezos ecosystem which enables users to pay for services and initiate smart contracts. Unlike the majority of projects, Tezos has yet to announce how many XTZ tokens it plans to release. For that reason, many investors fear that token supply is an issue that will hurt prices in years to come.
What makes Tezos most unique is its Liquid Proof-of-Stake mechanism. Unlike Ethereum which uses just Proof-of-Stake (PoS), Liquid PoS uses delegated nodes to approve blocks and verify transactions on the blockchain. Furthermore, these delegated nodes have more rights and responsibilities and are limited to a certain number. Liquid PoS is completely exclusive to the Tezos network and has made it one of, if not the most decentralized blockchain in the world.
YouHodler aggregates prices from top centralized exchanges to provide an accurate Tezos price and charts.
The easiest way to buy XTZ is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees.
The best way to earn interest on Tezos is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest.
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