Tezos (XTZ) is the 72nd largest cryptocurrency in the world by market cap, valued at $1,071,404,672. The current price of Tezos is $1.131, which is 4.432%
higher than yesterday. Prices have ranged between $1.14 and $1.093 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 04:02 UTC.
Tezos price chart
Price over the past month
What is Tezos?
Tezos is not only a platform for smart contracts and decentralized applications (dapps), it’s also the world’s first self-evolving blockchain. In the short history of cryptocurrencies, there have been numerous examples of currencies being forced to fork their network into two different blockchains in order to upgrade.
Perhaps the most notable example of this was the DAO hack that saw Ethereum and Ethereum Classic go their separate ways. Forks often divide the community behind a cryptocurrency and can cause significant network disruptions. Tezos’ unique solution is a process that enables its protocol to be continuously upgraded through on-chain governance. The aim behind this is for the network to constantly evolve and upgrade over time, rather than undergoing radical changes that require a hard fork. All stakeholders can participate in governing the Tezos protocol by voting on proposed changes and upgrades.
Ubisoft, a global game developer, announced plans to develop Ubisoft Quartz on the Tezos blockchain. Ubisoft Quartz will use the Tezos blockchain to power in-game NFTs referred to as 'Digits'. The development for Ubisoft's first playable, energy-efficient NFTs was announced via Youtube.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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![Tezos [XTZ] holders can expect price drawback this week, here’s why](https://images.cryptocompare.com/news/default/ambcrypto.png)
