Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders.
Tezos aims to offer infrastructure that is more advanced. It means 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. XTZ holders can vote on proposals for protocol upgrades put forward by Tezos developers. It will be interesting to observe XTZ price movement in the near future.
Staking
Although staking is common across blockchains, Tezos has a unique twist on this process. Participants can involve 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.
Secure, Institutional Grade Smart Contracts
Tezos provides the safety and code correctness required for assets and other high value use cases. Its native smart contract language, Michelson, facilitates formal verification, a methodology commonly used in mission-critical environments such as the aerospace, nuclear, and semiconductor industries.
Upgradable to the State of the Art
Tezos’ modular architecture and formal upgrade mechanism allow the network to propose and adopt new technological innovations smoothly as they emerge. These aspects, combined with Tezos’ on-chain invoicing mechanism, enable the protocol to remain the state-of-the-art long into the future — without sacrificing community consensus.
Let us review XTZ Price
XTZ Price Prediction
XTZ is currently trading below the resistance of $3.38 and above the support of $2.85. If it can break the resistance at $3.38, we could start seeing a move towards $4.41, $5.41, $6.30 and $7.22. If it can consolidate above $7.22 and flip it to support, we could start seeing a move towards $8.42, $11.84 and $17.39.
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