Buy Tezos (XTZ)
What is Tezos?
Tezos is a cryptocurrency and blockchain platform designed to provide a decentralized, secure, and scalable ecosystem for building complex smart contracts and decentralised applications (dApps). It is characterised by its self-amending protocol, which allows for network upgrades without the need for hard forks, as well as its on-chain governance and formal verification features for smart contracts.
How does Tezos work?
Tezos operates on a decentralised, self-amending blockchain platform. It uses a modular architecture composed of network, transaction, and consensus layers, allowing for seamless upgrades. The platform utilises Liquid Proof of Stake (LPoS) as its consensus mechanism, where token holders can stake their tokens to participate in network validation and governance. Tezos employs formal verification to ensure the security and correctness of its smart contracts, which are self-executing programs on the blockchain.
What are the potential use cases for Tezos?
Tezos can be used across multiple industries and scenarios, including:
- Decentralised Finance (DeFi): Supporting platforms for decentralised exchanges, lending, borrowing, and stablecoins.
- Non-Fungible Tokens (NFTs): Applications in art, collectibles, and virtual real estate.
- Tokenised Assets: Facilitating real estate, stocks, and bonds tokenisation.
- Voting Systems: Providing secure and transparent decentralised voting solutions.
- High-Stakes Applications: Suitable for applications like autonomous driving and electric vehicle charging.
What is the history of Tezos?
Tezos was founded by Arthur and Kathleen Breitman in 2014 to create a blockchain capable of evolving without hard forks. In 2017, Tezos conducted a significant ICO, raising over $230 million, despite facing legal challenges. The Tezos mainnet launched in 2018, allowing participants to engage in on-chain governance. Over the years, Tezos has undergone numerous upgrades, such as the Edo and Florence updates in 2021, and significant advancements like transitioning to a modular design, enhancing governance, and rapid protocol upgrades without hard forks.
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Frequently Asked Questions (FAQs)
What is the current price of Tezos (XTZ)?
The Tezos price is $2.0608 AUD, representing a -1.87% from the day prior.
Where is the best place to buy Tezos (XTZ) in Australia?
The best place to buy Tezos (XTZ) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Tezos (XTZ) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Tezos (XTZ)?
The trading volume of Tezos (XTZ) is $117.3M AUD in the last 24hrs, representing a -1.87% from the day prior.
How can I buy Tezos (XTZ)?
Tezos (XTZ) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Tezos (XTZ)?
The current market cap of Tezos (XTZ) is $2.1B AUD.
Can I convert Tezos (XTZ) to cash?
Yes - With Coinstash you can convert your Tezos (XTZ) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Tezos (XTZ) are there?
The current circulating supply of Tezos (XTZ) is 1.0B.
Is Coinstash a safe place to buy Tezos (XTZ) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Tezos (XTZ) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.