Tezos is a decentralized, open-source Proof of Stake blockchain network that can execute peer-to-peer transactions and serve as a platform for deploying smart contracts. The native cryptocurrency for the Tezos blockchain is the Tez which has the symbol XTZ. At the time, the sale of the XTZ tokens was the largest ICO to date, raising more than ten times the initially targeted $20 million. The blockchain was one of the first to use a “proof of stake” consensus mechanism, a system that’s becoming increasingly popular compared with the “proof of work” mechanism used by the Bitcoin blockchain here. Holders of XTZ can commit their tokens in exchange for the ability to validate blocks, winning rewards for doing so in a process known as “baking.” Participants who stake at least 8,000 of the tokens on the network get voting rights, allowing them to weigh in on the governance of the project.
The Tezos blockchain enables many features common to cryptocurrencies. Developers can use its software to run custom programming logic (smart contracts) and design new programs (decentralized applications) meant to replicate products and services. Yet, its voting features required a different design. More specifically, the Tezos blockchain would be broken into two parts:
XTZ crypto price may continue to rise to a new high in the upcoming days. It is trading with a loss of more than 3% in the intraday session. XTZ crypto price is currently in upside momentum. Tezos price has observed a loss of more than 1.96% in the intraday session. The platform is blockchain-powered with the governance token mechanism built in the network. The project came into existence in 2017 and has an ROI of more than 587%. One can invest in XTZ as per their risk capacity and positive breakout you can find out more here.
About popularity, A great capable marketing team and brand awareness have a direct impact on the success of any project. This is a popularity chart to give you an indication of how fast price is affected by growth in popularity as you can see on Twitter and Reddit have good growth around 33% to 35% more than Telegram you can find out more here.
About Market Cap & Liquidity projects with low liquidity and smaller market cap are generally riskier. As the projects become more popular and traded with more people, they are less volatile and considered better investments as you see market cap from Sep 9 till Sep 14 has great growth in some months period so you can find out more here.
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