EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.
Tezos is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, EOS and Cardano, among others.
Originally proposed by Arthur Breitman (under the pseudonym “L.M. Goodman”) in a white paper published in August 2014, Tezos was conceived as a “self-amending” blockchain platform built on an on-chain governance system that would allow holders of its protocol token, XTZ, to more easily vote and implement changes to the software without hard forks. This is in contrast to the cumbersome, off-chain governance processes for popular public blockchains like Bitcoin and Ethereum.
The core development was spearheaded by Breitman and his wife, Kathleen Breitman, through the company Dynamic Ledger Solutions. In summer 2017, Tezos raised funds in one of the most high-profile initial coin offerings to the total of around $232 million (at the time) in Bitcoin (BTC) and Ether (ETH). The project was soon embroiled in legal battles between the Breitmans and the appointed head of the Tezos Foundation, Johann Gevers, which delayed the release of XTZ tokens to investors and the launch of the network.
The mainnet launched in September 2018, with XTZ holders able to stake (or “bake”) their tokens to participate in the Tezos proof-of-stake consensus process or participate in Tezos governance either directly or through delegation of voting power.
Wrapped Ethereum is now available on Tezos.27750
Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem.11213
While Cardano and Polkadot are extending their staking dominance, Tezos has plummeted from the top 10 by staked capitalization.44471
The indie NFT platform is bringing an artist-first ethos to its design and events.9570
Société Générale continues its crypto and blockchain experimentation by issuing a tokenized security on the Tezos network.17338
Traders appear to be waiting for a trigger to start the next leg of Bitcoin's uptrend and if that happens, XLM, MIOTA, XMR and XTZ could join the party.57261
The Los Angeles-based venture fund plans to incubate startups building on the Tezos blockchain.6806
The city of Reno, Nevada is developing its own DAO and NFT system on top of the Tezos blockchain network, Mayor Hillary Schieve said.12357
Wolfram Blockchain has fully integrated Tezos, bringing data to and from the blockchain.14969
The second-biggest cryptocurrency is only the fourth-ranked staking network, but it’s looking to catch up to the rest.73813
Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.91477
Bitcoin's brief period of consolidation has opened a path for select altcoins to rally higher.36244
Tezos, Synthetix and Yearn.finance are the most recent top performers in what appears to be a DeFi sector revival.34896
2020 may have been filled with challenges, but Bitcoin, stablecoins and DeFi protocols are the clear top performing crypto assets for the year.20764