Tezos (XTZ)

platform
smart contracts
proof of stake
privacy & security
#18

Marketcap Ranking

1.227374 (4.29%) arrow_drop_up

Market Price (24h change)

810,525,381

Total Market Cap

3

2.9

info_outline What is Tezos

4.5

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Short Description

Tezos is a self-amending blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications

On-Chain Governance. The Tezos protocol offers a formal process through which stakeholders can efficiently govern the protocol and implement future innovations. Security

The Tezos blockchain was designed to facilitate formal verification, which helps secure smart contracts and avoid buggy code. Proof-of-Stake. Tezos’ unique proof-of-stake consensus algorithm gives every stakeholder the opportunity to participate in the validation of transactions on the network and be rewarded by the protocol for doing so.

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Introduction Video

How is Tezos (XTZ) different from Ethereum? | Aimstone

Tezos is another decentralized blockcahin platform that governs itself by establishing digital commonwealth. A commonwealth is a group that chooses to be linked together because of ...

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Screenshot from Website

www.tezos.com
XTZ Websitemore_vert

Visit Webpage

Website Informationclose

Organization: DATA REDACTED
Name: DATA REDACTED
Country: DATA REDACTED
City: DATA REDACTED
Zipcode: DATA REDACTED
Address: DATA REDACTED
Mail: r
Creation date: 2014-05-28
Expiration date: 2024-05-28
Nameserver: JEAN.NS.CLOUDFLARE.COM

attach_money Product Analysis

4.8

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Whitepaper

Tezos, a generic and self-amending crypto-ledger. Tezos can instantiate any blockchain based ledger. The operations of a regular blockchain are implemented as a purely functional module abstracted into a shell responsible for network operations. Bitcoin, Ethereum, Cryptonote, etc. can all be represented within Tezos by implementing the proper interface to the network layer. Most importantly, Tezos supports meta upgrades: the protocols can evolve by amending their own code.


The whitepaper of Tezos is 17 Pages long.

The most influencial keywords are: Protocols, Blocks, Tezos, Function, Types, Typing, Amending, Amended, Scoring chains, and Mines.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) Cardano

    ADA is a token on a distributed computing platform that runs smart contracts, decentralized applications, side chains, multi-party computation, and metadata.

  • 2.) Qtum

    Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.

  • 3.) VeChain

    VeChain is the world’s leading blockchain platform offering Blockchain-as-a-Service to enterprises for products and information. By leveraging on blockchain technology, VeChain strives to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.

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Product analysis

Tezos was founded back in July 2017. Its source code was released publicly on github on August 2016 under the UNSPECIFIED license.
Organization wise, Tezoss Development is Semi-centralized and is being developed under the lead of Arthur Breitman.

The consensus on which the Tezos network is run is called LPoS, while the underlying algorithm is called LPOS.
In the current state of Tezos currently is Beta version

group Community Analysis

3.4

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Communities & Events

Tezos is a decentralized blockchain that governs itself by establishing a true digital commonwealth. It facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.

view_list r/tezos Subreddit
person 17,550 Subscribers
directions_run 203 Active Users
create 10 Daily Posts
speaker_notes 60 Daily Comments
linkOpen Subreddit

Tezos News and Events Broadcasting Channel

Follow us on Twitter:
https://twitter.com/tezosbulletin

view_list Tezos Announcements Channel
person 2,029 Members
directions_run 10 Online
linkOpen in Telegram

There is NO official Twitter account for Tezos yet

view_list Channel
person 45,677 Followers

There are no events for Tezos in the next 3 Months

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Google Trends Analysis


The Google Trends chart displays the search interest on google in Tezos relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

1.3

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Tezos is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 1,322 Stars
remove_red_eye 253 Watchers
usb 194 Forks
sync_problem 22 Open Issues
border_color 0 Comment Coverage
lock_open UNSPECIFIED License

attach_money Price Analysis

4.5

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Price Prediction

$ 1.201601 (2.7%) arrow_drop_up

Predicted USD Market Price in 24h

$ 1.513197 (29.33%) arrow_drop_up

Predicted USD Market Price in 14d

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Converter XTZ - USD

Convert between XTZ and USD with the live Tezos prices, aggregated from all big exchanges that trade Tezos.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.8

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Team

Lead

Kathleen Breitman - Ceo & co-founder
Kathleen Breitman is the CEO of Tezos, a blockchain-based smart contract platform with an on-chain governance mechanism to coordinate and push upgrades to its network. Prior to Tezos, Kathleen was a senior strategy associate for R3, a blockchain consortium of more than 70 financial firms. She has also worked at Accenture, Bridgewater Associates,...


supervisor_accountSocial Network Links

Members (14)

launch

Arthur Breitman

Ceo & co-founder

launch

Kathleen Breitman

Ceo & co-founder

launch

Vincent Bernardoff

Team member

launch

Bozman Çağdaş

Team member

launch

Benjamin Canou

Developer

launch

Pierre Chambart

Senior r&d engineer

launch

Grégoire Henry

Senior r&d engineer

launch

Mohamed Iguernlala

Senior r&d engineer

launch

Fabrice Le Fessant

Scientific advisor

launch

Guillem Rieu

Team member

launch

Alain Mebsout

R&d engineer

launch

Andrew Miller

Advisor

remove_red_eye Product Review by Coinpaper

2.8

How things stand

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After Dynamic Ledger Systems (DLS) announced their adamant vision of developing a technology of the sort of Tezos in 2014, the cryptocurrency went to a dormant mode in the market as much was happening behind the scenes rather than on its marketing. The team spent quite a time developing the ledger system of Tezos and then finally in 2017, DLS butted heads with Tezos Foundation to hold its first ever Initial Coin Offering (ICO) event.
Tezos Foundation, under Johann Gavers, were able to draw a massive amount of hype and attention towards Tezos cryptocurrency in their first ICO which began on 1 July 2017. In a record breaking event, Tezos managed to raise $232 million which showcased the belief and trust the users put in the technology (Frankenfield, 2019).
However, things went downhill for both Tezos Foundation and DLS soon after their successful ICO launch. It was revealed that Arthur Breitman, a former employee of Morgan Stanley, had not disclosed his involvement in DLS and had built Tezos architecture while still working at Morgan Stanley. He was, for this reason, fined $20,000 by FINRA and suspended from associating himself with any broker-dealer firms (The Analyst Team, 2018).
In a turn of events, a public squabble between the Breitmans, who owned the intellectual rights of Tezos, and Johann Gavers, the head of Tezos Foundation, broke out. Gavers refused to release the funds generated through the ICO to DLS. As a result of the dispute, the launch of the Tezos platform was delayed and it led to a mayhem within the Tezos community. After a lot of undesirable media attention, Gavers decided to step down from Tezos Foundation. He left the company with a severing amount of $400,000 and a broken image of the Foundation. However, since then, the developments regarding Tezos have streamlined and things are getting back into shape (Mitra, 2019).
Though no official statistics are available, it is believed that Tezos Blockchain will generate a whopping 10 billion Tezos Tokens. This might create inflation issues.

1.5

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Tezos network has been developed by Dynamic Ledger Systems (DLS) under the technical leadership of CTO Arthur Breitman. The code is placed under the MIT Open Source License and all development works happen on GitLab. Code development is solid.

3.8

Product description

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Tezos is a ‘decentralized Blockchain that governs itself by establishing a true digital commonwealth and facilitates formal verification’, according to its official website. Unlike Bitcoin and other cryptocurrencies, Tezos does not rely on mining of Tezos (XTZ) tokens to process its transactions, rather makes use of the proof-of-stake methodology. The main purpose of launching Tezos was to bring a revolution in the cryptocurrency technology, by redefining the building blocks of the transaction process so that each could be upgraded and replaced in a modular way. The intention was to create a cryptocurrency that can be governed decentral. The company defines Tezos’ goal to become “the last cryptocurrency” in the sense that all the innovative changes of competing technologies could be readily accepted and incorporated in the Tezos Blockchain. This will allow Tezos to be updated and bear the latest version of Blockchain technology always (Frankenfield, 2019).

4.6

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Tezos is a distributed ledger based on Blockchain technology, just like Bitcoin and Ethereum. Its consensus mechanism is a Proof-of-Work system and it makes use of ‘smart contracts’. Not only that, what it does in a rather revolutionary development, is it takes the concept of smart contracts one step further, by “letting the participants directly control the rules of the network”. The modular architecture of Tezos gives it a competitive edge as flexibility and scalability are two major issues which have halted Bitcoin from growing. The project currently has a beta status as it's far from being finished (Smith, 2018).

2.0

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Tezos was founded by Arthur Breitman and Kathleen Breitman in 2014. With a team of core developers, the two started working on the technology with their headquarters located in Switzerland. Arthur and his wife control the founding company Dynamic Ledger Solutions (DLS) and own the intellectual property rights of the Tezos technology. The token’s ICO was organized by Tezos Foundation which is headed by Johann Gavers (The Analyst Team, 2018).

1.9

Pro-Contra

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Adoption Tezos has returned to the mainstream media after a loft of dormant years. As compared to previous years, it is being greatly accepted by general public and developers are giving the Tezos network a shot as some are building their DApps on top of the Tezos network.
Transaction speed The transaction speed is much lower compared to other cryptocurrencies.
Transaction cost There are virtually zero transaction fees on the Tezos network. Contrarily, the users are rewarded for their involvement in the transactional process.
Enery consumption Tezos Blockchain is not based on mining procedures and for that reason it is not energy intensive.
Decentralization At the core of Tezos Blockchain is an improved decentralized network. It allows users to have better participation in the process while maintaining high level of decentralization of the network. Tezos is basically cleaning the concept of decentralization from tyrannical remnants.
Product availability The technology (still in beta-phase) has been launched in May 2019. There are other products in form of DApps as well. However, a little time is required to test the performance of the network before the situation becomes clear.
Exchange availability Tezos is available on the top exchanges.
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Security Relatively low. The coin is relatively new/unproven.
Transactions per second The Tezos Foundation claims that its TPS limit is very high. However, Tezos has achieved a TPS of around 40 on its Mainnet (live network).
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

3.6

Foresight

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Since the recent positive developments for Tezos, things are changing towards the right direction, but technical hurdles might break this projects neck. The crypto revolution might’ve to wait for a longer time.

2.7

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Just like Ethereum, Tezos offers a Blockchain platform which allows users to develop their own DApps and software protocols. According to the official website, more than 1000 different developers are working on different projects. Some of the notable projects listed by the official website are Tezos Agora, TZ Hunt, Tezsure and Pocket Network.

4.4

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Tezos holds a lot of potential. The modular approach that it suggests, gives a whole new meaning to the development of Blockchain technology. If Tezos manages to get its breakthrough, it could create enormous new markets.

5.0

Business

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Tezos is considered to be the latest technology among several cryptocurrencies. As defined in its goal, it aims to become a type of tool that is sufficient for everything, by adopting and upgrading its own network to compete with all other cryptocurrencies. If everything works out, it might be able to substitute every other cryptocurrency including Bitcoin and Ethereum.

3.5

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Tezos has finally put down their foot in market and is building partnerships with notable firms. In a recent development, Tezos Foundation has announced in a public statement that they have signed MoU worth $1 billion with Brazil’s largest investment bank, Banco BTG Pactual and a Dubai based asset management firm named as Dalma Capital (Vitaris, 2019). Other partnerships were built with two research groups.

4.1

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Tezos has recently made its ways into the mainstream media and has become the talk of the town. Before this, it was not well-represented within its community and in front of the general cryptocurrency users at large. However, this trend is changing and many forums are coming forward where Tezos is properly represented and talked about.

3.2

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Tezos is looked after by the Tezos Foundation. There is a team of advisors and developers who constantly work towards the better development and representation of the cryptocurrency. Among the developing team are Arthur Breitman, Kathleen Breitman and Vincent Bernardoff. The advisors include Andrew Miller, Emin Gun Sirer and Zooko Wilcox.

2.5

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro XTZ/USD $ 1.212500 $ 1,270,752 check
# 2 Binance XTZ/BTC $ 1.229453 $ 895,569 check
# 3 Binance XTZ/USDT $ 1.227718 $ 712,617 check
# 4 Coinbase Pro XTZ/BTC $ 1.226283 $ 167,797 check
# 5 Kraken XTZ/BTC $ 1.226883 $ 156,671 check
# 6 Kraken XTZ/USD $ 1.212600 $ 60,643 check
# 7 Bitfinex XTZ/USD $ 1.215000 $ 45,974 check
# 8 Kraken XTZ/EUR $ 1.214718 $ 45,687 check
# 9 Binance XTZ/BNB $ 1.234653 $ 20,648 check
# 10 Kraken XTZ/ETH $ 1.223499 $ 17,542 check

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