XTZ/USD: Convert Tezos (XTZ) to United States Dollar (USD)

Tezos (XTZ) is an open-source platform for assets and applications, designed with a focus on code security, on-chain governance, and decentralization. It aims to improve scalability and support mainstream programming languages. Tezos' Liquid Proof-of-Stake (LPoS) consensus mechanism allows any stakeholder to participate in the consensus process and be rewarded for securing the network. The platform's on-chain governance system enables stakeholders to propose and vote on protocol upgrades, allowing the protocol to self-amend and upgrade itself without causing a split in the blockchain. This system aims to empower the community without hindering innovation.

Tezos operates using a Liquid Proof-of-Stake (LPoS) consensus mechanism, which allows any stakeholder to participate in the consensus process, either directly or by delegation. This mechanism aims to make staking on Tezos inclusive and accessible, ensuring a variety of validators to secure the network. Tezos' on-chain governance system allows any network user to propose and vote on upgrades to the protocol. The voting process occurs entirely on-chain, in five phases, including three voting rounds. If consensus is reached and a certain quorum is met, the protocol's self-amendment feature ensures that the upgrade is implemented, following the majority of stakes' wishes.

Tezos aims to provide a platform for applications that require a high degree of security and certainty. Its protocol, initially built with formal verification in mind, allows developers to avoid bugs when creating smart contracts. This makes Tezos particularly suited for applications that require a high degree of security. Additionally, Tezos' on-chain governance system allows stakeholders to propose and vote on protocol upgrades, making it a suitable platform for projects that require a high degree of community involvement and decision-making.

Tezos was first proposed in 2014 by Arthur and Kathleen Breitman and launched in 2018. The Breitmans identified several perceived shortcomings in Bitcoin's design, including the lack of a governance process that invited contributions from its community of users, cost and centralization issues raised by its proof-of-work system, and security concerns. Tezos was created to address these issues. The Tezos Mainnet has been running uninterrupted since its launch, earning a strong reputation for technical excellence and a supportive community. The initial supply of Tezos (XTZ) coins was distributed through a token fundraising event in July 2017, which raised a total of 65,681 BTC and 361,122 ETH, equivalent to $232 million at the time.