Tezos
XTZ Rank #137Price chart
What is Tezos?
Origin
Arthur and Kathleen Breitman began developing Tezos in 2014. The project conducted its crowdfunding in 2017. Its mainnet launched in 2018. The network was designed to coordinate protocol upgrades through participant voting. XTZ pays transaction fees and supplies the stake used in network validation.
Validation
Tezos calls its block-producing validators bakers. Its Tenderbake consensus provides deterministic finality under the protocol's fault assumptions. Baking rights depend on the participant's effective baking power. Holders can delegate liquid XTZ to a baker. They can also stake XTZ, which locks the position and exposes it to the staking system's penalties. Staking and delegation therefore have different liquidity and reward mechanics.
Contracts and issuance
Smart contracts execute in Michelson, with higher-level languages such as SmartPy and LIGO available to developers. The amendment process can modify protocol rules, including economic parameters. Tezos uses Adaptive Issuance to adjust reward creation according to the proportion of the supply being staked. New XTZ is created through those protocol reward mechanisms. Its supply therefore does not follow a permanently fixed maximum.
Where to trade XTZ
62 exchanges · top 10
Live spot quotes from connected exchanges
XTZ funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.