Tezos is a Proof of Stake blockchain network featuring on-chain governance and self-amendment mechanisms. It was first conceptualized in a 2014 white paper, then released in 2018 after a $232 million ICO in 2017. Its native cryptocurrency is the tez (XTZ) and its symbol is ꜩ.
Tezos celebrated its three year anniversary this year, making it one of the first and longest running Proof of Stake blockchains. Network activity on Tezos has grown 1,200 percent this year due in part to its energy-efficient design and ease of use. Game developers, music labels, comic book creators, sporting franchises, central banks, and more are all building on Tezos. Tezos also has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and surging AMM platforms.
What sets Tezos apart from other blockchain protocols is that it is built to remain state-of-the-art. Its modular architecture and formal upgrade mechanism minimizes disruptions while offering regular upgradability and enhanced functionality over time. Tezos has undergone six network upgrades to reduce gas fees, improve token standards, increase transaction speed, and more. Upgrades on Tezos are made possible by on-chain governance where continuous improvements are proposed, adopted, and deployed without forks.
The following currency pairs are available to sell XTZ with our off-ramp service.
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