What Is Tezos (XTZ)?
Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced – meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.
To learn more about this project, check out our deep dive of Tezos.
This open-source platform bills itself as “secure, upgradable and built to last” – and says its smart contract language provides the accuracy that is required for high-value use cases. According to Tezos, its approach means that it is futureproof and will “remain state-of-the-art long into the future,” meaning it can embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
Who Are the Founders of Tezos?
Arthur Breitman was the man who wrote the Tezos white paper – and in a nod to Satoshi Nakamoto, he wrote his works under the pen name L. M. Goodman. He argued that one of Bitcoin’s biggest failings was the lack of a governance process that invited contributions from the community who use the network – as well as the fact that new tokens couldn’t be issued through this blockchain.
He and his wife Kathleen founded a startup called Dynamic Ledger Solutions which was tasked with writing the code that would underpin the Tezos protocol. This company was subsequently purchased by the Tezos Foundation to ensure that it owned all of the intellectual property rights relating to the network.
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Tezos Price Prediction
If you’re looking for Tezos price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Tezos (XTZ) will go in the future? We will analyze the past prices of Tezos (XTZ) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
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Tezos (XTZ) Price Prediction
At reconshell.com we predict future Tezos price predictions/XTZ forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Tezos. We do our best to collect maximum historical data for the XTZ coin which include multiple parameters like past price, Tezos marketcap, Tezos volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Tezos Price Prediction 2022
According to our deep technical analysis on past price data of XTZ, In 2022 the price of Tezos is predicted to reach at a minimum level of $7.25. The XTZ price can reach a maximum level of $8.86 with the average trading price of $7.45.
Tezos Price Prediction 2023
The price of Tezos is predicted to reach at a minimum level of $10.56 in 2023. The Tezos price can reach a maximum level of $12.71 with the average price of $10.93 throughout 2023.
XTZ Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Tezos is predicted to reach at a minimum level of $15.19. The XTZ price can reach a maximum level of $18.77 with the average trading price of $15.74.
The price of 1 Tezos is expected to reach at a minimum level of $23.14 in 2025. The XTZ price can reach a maximum level of $27.31 with the average price of $23.77 throughout 2025.
Tezos Price Prediction 2026
Tezos price is forecast to reach a lowest possible level of $34.95 in 2026. As per our findings, the XTZ price could reach a maximum possible level of $40.25 with the average forecast price of $35.90.
Tezos Price Prediction 2027
According to our deep technical analysis on past price data of XTZ, In 2027 the price of Tezos is forecasted to be at around a minimum value of $49.86. The Tezos price value can reach a maximum of $58.89 with the average trading value of $51.66 in USD.
Tezos (XTZ) Price Prediction 2028
The price of Tezos is predicted to reach at a minimum value of $70.83 in 2028. The Tezos price could reach a maximum value of $85.61 with the average trading price of $72.90 throughout 2028.
Tezos Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Tezos is expected to reach at a minimum price value of $105.09. The XTZ price can reach a maximum price value of $125.87 with the average value of $108.00.
Tezos (XTZ) Price Prediction 2030
The price of Tezos is predicted to reach at a minimum value of $148.53 in 2030. The Tezos price could reach a maximum value of $181.59 with the average trading price of $153.93 throughout 2030.
Tezos Price Prediction 2031
Tezos price is forecast to reach a lowest possible level of $219.68 in 2031. As per our findings, the XTZ price could reach a maximum possible level of $262.85 with the average forecast price of $225.84.
What Makes Tezos Unique?
Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can get involved with the network’s governance through “baking,” where they effectively stake 8,000 XTZ. This creates a financial incentive to act honestly.
Bakers are then tasked with voting on proposed changes to the blockchain’s code in a four-step procedure that takes approximately 23 days. Proposals that receive support from the vast majority of participants are put through their paces on a testnet for 48 hours and are fully implemented if they are backed by a super-majority.
Tezos is also unique because of how it has started to be used by high-profile businesses. In September 2020, it was announced that the French banking giant Societe Generale planned to use this blockchain for experimenting with a central bank digital currency.
Big cryptocurrency exchanges such as Binance and Coinbase have also unveiled support for Tezos staking, meaning users can receive rewards based on the XTZ that they hold. This is not a feature that’s seen too widely across digital assets.
How Many Tezos (XTZ) Coins Are There in Circulation?
Our data shows that 743,862,304 XTZ are in circulation at the time of writing.
A token sale for Tezos was held back in July 2017 – and during this ICO, a total of 65,681 BTC and 361,122 ETH was raised. At the time, this was worth $232 million, securing its place as one of the largest initial coin offerings ever held.
While 80% of this initial supply went to investors, 20% was split equally between the Tezos Foundation and Dynamic Ledger Solutions.
The mainnet’s launch was delayed by a series of lawsuits from some disgruntled investors, who argued that XTZ amounted to unregistered securities.
How Is the Tezos Network Secured?
Like other blockchains, Tezos uses a proof-of-stake consensus mechanism.
Anyone can become a validator and contribute to the smooth running of the network by making a security deposit. To incentivize honest behavior, rewards are given to those who work in the best interests of the blockchain – and those who act dishonestly risk losing their stake altogether.
Where Can You Buy Tezos (XTZ)?
XTZ, otherwise known as “tez” for short, can be purchased from most major exchanges – including Binance, Coinbase and others. Trading pairs unite XTZ with fiat currencies, as well as other cryptocurrencies such as Bitcoin.