Swap Tezos (XTZ) Instantly

Tezos is one of the few cryptocurrencies which created a buzz in its early days. In 2017, XTZ had one of the biggest ICOs ever and bagged over $200 Million from the investors. Tezos price saw many ups and downs in 2020, Tezos price at the beginning of the year was just above a dollar. XTZ price took off over the next 45 days and reached a peak of $3.78 on February 20. With COVID-19 and economic unrest, Tezos price fluctuated dramatically and by the end of June, XTZ price was around $2.61.

Analyses show that by 2025 Tezos price is expected to grow further and is likely to be traded in double digits in the range of $14 to $20. This is very much plausible in the event of more Dapps and developments in the network. We have also heard that by 2030 Tezos price will be over a grand, sounds too good to be true and too early to predict.

Tezos is a decentralized blockchain for building Dapps and smart contracts. Tezos is initiated by the husband and wife duo Arthur Breitman and Kathleen Breitman in 2014. It took over three years for the project to have an ICO, but the wait is worth as Tezos raised $232 million, making it one of the biggest ICOs ever. At a first glance, Tezos appears to be similar to Ethereum but you may be mistaken. if you believe so. Tezos has several distinctive features such as Self-amendment, On-chain governance and Baking (Staking Tezos) that sets it apart from the rest.

Tezos is coded from scratch and did not adopt any code from other blockchains. Tez is the native cryptocurrency of the network and goes with the ticker XTZ. Tezos uses Liquid Proof-of-Stake consensus algorithm and the process of staking is called as Baking. On-chain governance is employed to avoid any forks in the chain and developers can submit proposals to update the chain in which stakeholders vote to decide. With zk-SNARKS and Tendermint in the roadmap, the future of Tezos looks promising.