Per time of writing, the global market capitalization of all cryptocurrency coins has reached over the major $180.0 bln [counting right now $180.73 bln] as the positive sentiment returned following bitcoin‘s strong return above $5,000.00.
Leading the pack by gain only in the last 24-hours is the pair XTZ/USD [Tezos] with 10.70% increase with a token price of $1.35 an a market capitalization just below $900 mil. Despite the minimal-value pullbacks during the hourly trading chart, clearing a major hurdle at $1.20 early Yesterday (17th of April, 20190 – similar to all digital coins in the top 20 at least) has opened gates for more upward flow during the two last days.
During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018.
What is Tezos (XTZ)?
Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post – Kraken Listing XTZ Blog Post
Tezos offers smart contracts and decentralized applications. The smart contract concept of Tezos allows users to go a step ahead and directly regulate the rules of a network and enhance the quality of the network.
Via a PoS model named Banking, any Tezos native token XTZ holder can participate in consensus and receive rewards for holding the net functioning. Last month, San Francisco-based exchange Coinbase announced that its institutional customers will have the opportunity to bake XTZ and earn interest on their holdings. This sparked an even bigger rally for the cryptocurrency, eventually leading to the March 31 peak.