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What is Tezos (XTZ)?

Tezos basic info

Name:Tezos
Ticker:
Introduction:

What is Tezos (XTZ)?

Tezos is a blockchain network that operates on smart contracts, much like Ethereum. The primary distinction between the two is that Tezos strives to provide more advanced infrastructure that can evolve and enhance over time without the risk of a hard fork. This is unlike Bitcoin and Ethereum, which have both experienced this issue since their creation. XTZ holders have the ability to vote on Tezos developers' protocol upgrade proposals.

Tezos is a secure and upgradable open-source platform that boasts a smart contract language capable of handling high-value use cases. Its design allows it to remain state-of-the-art for years to come and embrace advances in blockchain technology. The initial white paper for Tezos was published in September of 2014 and, despite several setbacks, the network officially launched four years later.

Who are the Founders of Tezos (XTZ)?

The original author of the Tezos white paper is Arthur Breitman. Interestingly enough, he used the pen name L. M. Goodman, similar to Satoshi Nakamoto. Breitman believed that Bitcoin's lack of a governance process hindered contributions from the community and prevented new tokens from being issued through the blockchain. To address these issues, he founded a startup called Dynamic Ledger Solutions with his wife Kathleen, which was eventually acquired by the Tezos Foundation to secure intellectual property rights of the network.

What Makes Tezos (XTZ) Unique?

The way Tezos involves its participants in the governance process is quite unique. Instead of traditional staking, users can participate in “baking” by staking 8,000 XTZ, which provides a financial incentive to act honestly. Bakers then vote on proposed changes to the blockchain's code in a four-step procedure that takes about 23 days. Proposals that receive support from the majority of participants are tested on a testnet for 48 hours and are implemented if they are backed by a super-majority. Tezos is also gaining popularity among high-profile businesses. For instance, the French banking giant Societe Generale announced plans to use Tezos for experimenting with a central bank digital currency.

What is the XTZ Token?

Tezos' native token, XTZ, serves multiple purposes on the blockchain. It can be used to access decentralized applications, pay transaction fees, stake for network security, and acts as a fundamental accounting unit on the Tezos platform.

How is the Tezos Network Secured?

Tezos, like many blockchains, utilizes a proof-of-stake consensus mechanism. Validators can participate in maintaining the network's integrity by making a security deposit. Those who act in the best interests of the blockchain are rewarded, while those who act dishonestly risk losing their stake. This incentivizes honest behavior and helps ensure the smooth running of the network.

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Current price:
All-time high:$9.18
All-time low:$0.3146

XTZ supply and tokenomics

Circulating supply:1,019,980,740 XTZ
Total supply:1,040,404,614.2 XTZ
Max supply:0 XTZ
Market cap:$1.34B
Fully diluted market cap:$1.37B

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What is the development prospect and future value of XTZ?

The market value of XTZ currently stands at $1.34B, and its market ranking is #80. The value of XTZ is widely recognized by the market. When the bull market comes, the market value of XTZ will likely continue to increase.

Moreover, if XTZ can play a greater role in practical applications, such as Tezos builders fully leveraging the potential of XTZ, partnering with more businesses, and increasing its user base, the long-term value of XTZ will be significantly enhanced.

What will the price of XTZ be in 2025?
Based on XTZ's historical price performance prediction model, the price of XTZ is projected to reach $1.82 in 2025.
What will the price of XTZ be in 2030?
In 2030, the XTZ price is expected to change by -10.00%. By the end of 2030, the XTZ price is projected to reach $2.13, with a cumulative ROI of +62.69%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of XTZ and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is XTZ worth investing or holding? How to buy XTZ from a crypto exchange?

If you want to buy XTZ, the following information may be helpful for your investment decisions:
In the last 7 days, the price of XTZ has fallen by -10.30%, leading to negative returns for most XTZ investors. The market is currently pessimistic about the price trend of XTZ.
It is important to note that the current price of XTZ has retreated by -85.63% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether XTZ is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in XTZ or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of XTZ, if you want to buy or sell XTZ, you can consider Bitget for your trading needs. The best place to buy XTZ is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Tezos has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Tezos. Here's a step-by-step guide on how to buy Tezos on Bitget.

How to get Tezos through other methods?

Using cash to buy Tezos is not the only way to obtain Tezos. If you have the time to spare, you can get Tezos for free.
Learn how to earn Tezos for free through the Learn2Earn promotion.
Earn free Tezos by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Tezos airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Tezos through Bitget Convert, Bitget Swap, or spot trading.

What is Tezos used for and how to use Tezos?

The use case of Tezos may expand as the crypto market and the project itself develop. Currently, you can use XTZ to achieve the following goals:
Arbitrage by trading XTZ: Since XTZ is a frequently traded cryptocurrency, the price of XTZ is always fluctuating. Earn more XTZ by buying low and selling high on the exchange. Bitget spot market provides a variety of XTZ trading pairs to fully meet your needs.
Earn by staking XTZ: You can also generate income through financial management methods such as staking XTZ or lending XTZ. Bitget Earn offers a variety of financial products designed to help you earn more income from your XTZ.
Send or pay XTZ: If you want to give XTZ to your friends, a charity, or a fundraiser, or you want to pay someone with XTZ, you can quickly and easily send XTZ to the recipient through their payment address.
You can also go to the official website of the Tezos project to learn more about the use cases of XTZ. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Tezos Wiki

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