Tezos (XTZ) Live Price

Tezos (XTZ) is a cryptocurrency and Smart Contracts platform formally launched in late 2017, though internal governance and legal issues delayed its full roll-out until early 2018. It operates in a similar manner as other major Smart Contracts platforms and digital currencies, including a Proof of Stake (PoS) mining protocol, but also incorporates advanced blockchain governance features intended to avoid hard forks by building consensus among stakeholders.

The value of Tezos was relatively flat after its ICO, which was then followed by a sharp price spike once the legal and governance issues involved in the initial launch were addressed in early 2018. This price spike then quickly fell back to around ICO levels leading into the crypto boom of 2018. The price of the XTZ coin was relatively unaffected by this boom compared to the rest of the cryptospace, and its value has since fallen back to around its original ICO levels. It is now a top 20 cryptocurrency by overall market cap.

The defining feature of the Tezos coin and platform is the incorporated concept of 'liquid democracy' that determines its mining and governance protocols. This involves an advanced Proof of Stake (PoS) system where stakeholders are required to 'bake in' XTZ tokens to validate their input on governance issues. This effort is meant to address some of the most fundamental problems with first generation cryptocurrencies, specifically governance and Proof of Work (PoW) mining protocols.