0.704 USD
+0.02 (+3.53%)

XTZUSD Key Statistics

Open price
0.679
High today
0.707
Low today
0.677
52 Week high
1.587
52 Week low
0.535
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification

About XTZUSD

Tezos is an open-source smart contract blockchain that provides peer-to-peer (P2P) transactions using XTZ (named as Tezzie), its native cryptocurrency. The Tezos blockchain facilitates the creation of decentralized applications (DApps) that is why it is seen as Ethereum’s potential rival. XTZUSD is the most popular trading pair for this coin.

What is Tezos?

Tezos is a blockchain network that hosts a digital token called Tez or XTZ, also known as "tezzie." Like other blockchains, Tezzie is used for decentralized finance, decentralized applications, and NFT projects. However, unlike other blockchains, XTZ has a governance mechanism that allows users to vote on proposed protocol upgrades. This mechanism ensures that XTZ can evolve and upgrade without causing blockchain splits or rigid forks.

In addition to its governance model, XTZ is known for using smart contracts, enabling developers to create decentralized applications (Dapps) and other innovative projects on the Tezos network. This has led to XTZ becoming a popular choice for developers looking to build decentralized finance (DeFi) applications, among other things. Investors have a chance to explore how to trade XTZUSD.

How does tezos work?

Tezos is a digital ledger that uses blockchain technology, just like Bitcoin and Ethereum. It's designed to use smart contracts, like computer programs that run automatically when certain conditions are met. The name "Tezos" means "smart contract" in ancient Greek or was generated by a computer algorithm.

Tezos uses a governance system that lets users vote on proposed changes to the network. These changes are automatically implemented if they receive enough votes, which depends on the size of each voter's stake. The Tezos Foundation supports the development of Tezos infrastructure and funds the adoption of the network. Shareholders can learn more about how to invest in XTZUSD on the SimpleFX platform.

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