| General information | |
|---|---|
| Global rank: | 94 |
| Name: |
Tezos |
| Symbol: | XTZ |
| Current coin price (LBP): | 63 752.52 £ |
| Last hour: | arrow_upward0.320 % |
| Last 24 hours: | arrow_downward-4.29 % |
| Last 7 days: | 3.33 %trending_up |
| Capitalisation (LBP): | 63 977 003 690 705.36 £ |
| Volume 24h (LBP): | 1 611 492 231 191.51 £ |
| Available supply: | 1 003 521 213.00 XTZ |
| Proof type: | DPoS |
| Start date: | 01/07/2017 |
| Tezos (XTZ) website: | https://www.tezos.com/ |
Tezos/Lebanese Pound (XTZ/LBP) price chart
Tezos/Lebanese Pound (XTZ/LBP) capitalisation and volume charts
Tezos is a new 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.
Tezos takes a fundamentally different approach to governance by creating governance rules for stakeholders to approve of protocol upgrades that are then automatically deployed on the network. When a developer proposes a protocol upgrade, they can attach an invoice to be paid out to their address upon approval and inclusion of their upgrade. This approach provides a strong incentive for participation in the Tezos core development and further decentralizes the maintenance of the network. It compensates developers with tokens that have immediate value rather than forcing them to seek corporate sponsorships, foundation salaries, or work for Internet fame alone.