Tezos (XTZ) Price

The Tezos project is an open-source platform designed to tackle some of the blockchain industry's problems that prevent its full adoption for applications and assets. These bottlenecks include long-term viability, scalability, collaboration capacity, and smart contract security. Tezos (XTZ) is an innovative platform based on smart contracts, similar to Ethereum. The difference is that it provides a much more adaptive infrastructure that can be improved and evolved without necessitating hard forks, as has been the case with Ethereum and Bitcoin in the recent past. Launched three years ago by the husband-and-wife team of Arthur and Kathleen Breitman, XTZ is an open-source platform that uses Liquid Proof-of-Stake (LPoS) consensus mechanisms and incorporates Turing-complete smart contracts. Block validation is carried out by network nodes (bakers) who are granted the responsibility in proportion to their shareholding to encourage fair dealing and honesty. It is one of the most widely-adopted and trusted blockchains in the market today with high-profile organizations including McLaren Racing, Ubisoft, Interpop, Hic Et Nunc (largest NFT marketplace by transactions), one of (music NFT marketplace featuring artists such as Whitney Houston, Doja Cat, John Legend, etc.), Groupe Casino, and more trusting it with their blockchain projects.