Table of Contents
ToggleIn the continuously innovating blockchain world, the ability to adapt and update is a crucial factor. Tezos is proof of this, a blockchain designed to "evolve" continuously without forking. With an energy-efficient consensus mechanism, on-chain governance, and uninterrupted upgrade capability, Tezos is gradually building a solid foundation for a flexible and sustainable decentralized finance. What makes this project special? Let's explore with Allinstation through the article below
(The rest of the translation follows the same pattern, maintaining the structure and translating the content to English while preserving any technical terms and proper nouns as specified in the initial instructions.)Highlights of Tezos (XTZ)
- Seamless Upgrade: Allows network improvements without hard fork – resolving internal conflicts like the Ethereum / Ethereum Classic case.
- High Security: Smart contracts on Tezos undergo formal verification, helping limit logical errors and security vulnerabilities.
- Environment-Friendly: PoS consensus mechanism significantly reduces electricity consumption compared to PoW.
- Substantive Community Governance: Community plays a central role in determining the network's direction.
- Integration of zk-rollups and Smart Rollups: Layer 2 solutions being developed to expand performance.
Overview of XTZ Token and Tokenomics
XTZ Key Metrics
- Token Name: Tezos
- Ticker: XTZ
- Blockchain: Tezos chain
- Contract: 0x16939ef78684453bfDFb47825F8a5F714f12623a
- Token Type: Utility, Governance
- Total Supply: 1,067,169,528 XTZ
- Max Supply: Unlimited
- Circulating Supply: 1,047,051,177 XTZ
XTZ Token Distribution
- Private Round:
- Staking:
- Public Round: 79.6%
- Reserve: 10%
- Project: 10%
XTZ Token Release Schedule
XTZ Token Use Case
- Used as transaction fees.
- Serves as block rewards for Bakers.
- On-chain Governance: by voting on proposals.
- Building and developing Tezos ecosystem.
- Building Dapps on Tezos.
- Raising capital in XTZ on the Tezos platform.
- Tezos Commons – A non-profit organization supporting education, communication, and community development.
- TZ APAC – Tezos representative organization in Asia, promoting blockchain adoption in the region through grant programs, education, and hackathons.
Summary
Tezos is one of the pioneering blockchains in on-chain governance and automatic upgrades. With a solid technical foundation, an energy-efficient consensus mechanism, and an increasingly expanding ecosystem, Tezos continues to be a notable project in the Web3 world.
Despite challenges in popularity compared to competitors like Ethereum or Solana, Tezos is proving its persistence and remarkable adaptability – a crucial factor in the ever-changing blockchain era.
Note: The article is for informational purposes only and is not investment advice.
