What kind of currency is XTZ coin? Introduction to the official website, circulation and trading platform of XTZ coins

XTZ coin empowers users with direct blockchain governance, leveraging on-chain voting mechanisms to shape the network's advancement.

Nov 01, 2024 at 02:51 pm

XTZ Coin: An Overview

1. What is XTZ Coin?

XTZ coin, also known as Tezos (TEZ), is the native cryptocurrency of the Tezos blockchain platform. It is designed to be a self-governing and formally verifiable blockchain network that allows users to create and deploy smart contracts, develop decentralized applications (dApps), and participate in governance.

2. Official Website of XTZ Coin

The official website of XTZ coin is https://tezos.com/.

3. Circulation of XTZ Coin

As of August 2023, the circulating supply of XTZ coin is approximately 932 million coins. The total supply is limited to 1.4 billion coins.

4. Trading Platforms for XTZ Coin

XTZ coin is traded on a variety of cryptocurrency exchanges, including:

OKX
Binance
Coinbase Pro
Kraken
FTX (Note: FTX has filed for bankruptcy)

5. Unique Features of XTZ Coin

On-Chain Governance: XTZ coin holders have the ability to directly participate in the governance of the Tezos blockchain. They can vote on protocol upgrades, changes in transaction fees, and other aspects of the network.
Formal Verification: The Tezos blockchain uses a technique called formal verification to prove the correctness of its smart contracts. This helps ensure the reliability and security of decentralized applications built on Tezos.
Liquid Proof-of-Stake (LPoS): Tezos uses a unique consensus mechanism called Liquid Proof-of-Stake (LPoS). This allows XTZ coin holders to delegate their coins to bakeries, which validate transactions and secure the network.

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