What is Tezos (XTZ)? Environmentally Friendly Blockchain

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Bittime - On the rapidly growing blockchain sphere, Tezos (XTZ) is emerging as an innovative and environmentally friendly platform. The platform offers a variety of exciting features such as smart contracts, on-chain governance, and upgradability, making it an ideal choice for dApps developers and investors looking for secure and scalable blockchain solutions.

What Is Tezos (XTZ)?

Tezos is a blockchain platform designed to support decentralized applications (dApps) and smart contracts. The platform allows developers to build secure, reliable, and easily upgradeable dApps. Tezos also offers unique on-chain governance, allowing XTZ token holders to participate in decision-making about the future of the platform.

Key Products & Features of Tezos (XTZ)

• Smart contracts: Tezos supports smart contracts written in Michelson, a secure and verified programming language.
• On-chain governance: XTZ token holders can participate in the governance of the platform through voting and delegation.
• Upgradability: Tezos allows protocol upgrades without requiring a hard fork, ensuring the platform is always up-to-date.
• Baking: Tezos uses a Proof-of-Stake (PoS) consensus mechanism called "baking" to validate transactions and generate block rewards.
• Formal verification: Tezos uses formal verification to ensure the security and reliability of smart contracts.

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What is XTZ token?

XTZ is the native token of the Tezos platform. This token is used to:

• Pay transaction fees
• Participate in on-chain governance
• Get baking rewards
• Access dApps on the Tezos platform

Also read: Get to know Tezos (XTZ), a Blockchain Platform Similar to Ethereum

Tokenomic Token XTZ

• Total supply: 1,223,462,443 XTZ
• Circulating supply: 884,813,390 XTZ
• Market capitalization: $2,643,548,329 (as of February 20, 2024)

Tezos (XTZ) Fundamental Analysis

• Technology: Tezos has advanced blockchain technology with features such as smart contracts, on-chain governance, and upgradability.
• Team: The Tezos team consists of experienced blockchain and cryptocurrency experts.
• Community: Tezos has an active and thriving community.
• Adoption: Tezos has been adopted by various dApps projects and enterprises.

Tezos (XTZ) Comparison & Competitors

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Founder & Tim Tezos (XTZ)

Tezos was founded by Arthur Breitman and Kathleen Breitman. The Tezos team consists of experienced blockchain and cryptocurrency experts, including Kathleen Breitman (CEO), Arthur Breitman (CTO), Ryan Jesperson (CMO), and Hubertus Thonhauser (COO).

Expert opinion about Tezos (XTZ)

• "Tezos has the potential to become one of the most important blockchain platforms of the future." – Tim Draper, Draper Fisher Jurvetson
• "Tezos is an innovative blockchain platform with unique governance." - Don Tapscott, Author of Blockchain Revolution
• "Tezos is the ideal platform for building secure and scalable dApps." - Emin Gün Sirer, Co-founder of Ava Labs

Conclusion

Tezos is a dynamic and environmentally friendly blockchain platform with advanced technology, an experienced team, and an active community. The platform has the potential to become one of the most important blockchain platforms of the future.

How to Buy Chiliz (CHZ) on Bittime

You can buy and sell Chiliz (CHZ) assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. CHZ is available on Bittime with the CHZ/IDR pairing .

To be able to buy CHZ/IDR Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements for Chiliz (CHZ) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. The price of crypto assets is volatile, where prices can change significantly from time to time and Bittime is not responsible for fluctuations in the exchange rate of crypto assets.