Tezos is a self-upgradable and energy-efficient Proof of Stake blockchain with a proven record of security and scalability. Tezos seamlessly adopts innovations without disruption. For more information, please visit tezos.com.
Tezos is an open source Proof of Stake blockchain that is energy-efficient, security-focused, and seamlessly upgradable.
Tezos is one of the original Proof of Stake smart contract layer one blockchains. Since launching in 2018, Tezos been utilized for hundreds of projects, logged millions of transactions, and attracted a vibrant, global community. Developers are able to easily build powerful tools and products, while new users can explore NFTs, DeFi, gaming, and more across hundreds of decentralized applications running on Tezos.
Tezos’ Proof of Stake design means it can operate in an energy-efficient manner, consuming over two-million times less energy than popular Proof of Work networks – this makes it an ideal platform for building blockchain applications that are energy-efficient and sustainable.
Tezos’ on-chain governance mechanism allows for continuous improvements to be proposed by participants on the network, voted on, adopted, and deployed without the need to rely on hard forks for governance. In this way, Tezos remains state-of-the-art, adopting the latest technological advancements, adapting to the needs of its users, and staying at the forefront of innovation.
Last update December 4, 2021
The Tezos network is seeing fast growth through global adoption. Below are some of the stats that illustrate the ongoing level of activity and network participation by users.
mutez is the smallest unit of tez. 1 tez = 1,000,000 mutez.
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814,878,570 XTZ 90.74%
54,529,037 XTZ 6.07%
28,648,919 XTZ 3.19%
869,407,607 XTZ 96.81%
674,311,879 XTZ 75.09%
6,822,973 XTZ 0.76%
Tezos is experiencing rapid adoption and growth as leading brands and companies from around the world select it as their blockchain of choice. Below are just a few of the many brands building on Tezos. Explore more on DappRadar.
Tezos chosen by Red Bull Racing Honda as technical partner for Blockchain and NFTs.
McLaren has selected Tezos for a multi-year technical partnership across Formula 1, IndyCar and esports.
Eco-friendly music-focused NFT platform built on Tezos with artists such as Doja Cat, Quincy Jones, and John Legend.
Ubisoft is a corporate baker (validator) on the Tezos network.
Blockchain ride-hailing app Tada moves to greener Tezos technology.
Société Générale (SocGen) selected Tezos as their partner for issuing the bank’s first blockchain-based structured product.
Tezos is a decentralized blockchain network with a native cryptocurrency known as tez. Tezos is open-source software that is completely unowned and open to the public.
Tezos is an open-source project and software (as in, people can “contribute to the Tezos codebase”) supported by a peer-to-peer network of nodes maintaining the blockchain (as in “a Tezos node”). You can “build on Tezos” or be “built on Tezos”. Tezos is supported by a vast network of global teams that are building various applications on Tezos. In addition, it is home to one of the fastest growing communities consisting of artists, scientists, developers and people like you who wish to create and transfer value frictionlessly in a digital-centric world.
Tezos does not have a core team, an official team, or employees, because Tezos is not a company, it is an open source software project and blockchain to which anyone can contribute code. Companies and organizations do not work “in” or “with” Tezos, they “build on it” as a platform. As a decentralized project, there are entities all around the globe supporting and building on Tezos, some of which use the “Tezos” name as part of their brand or company name to show that they work on Tezos; for the purpose of clarity, regardless of their name, no entity “runs Tezos”; rather it is this collaborative global effort that allow the project to continue to evolve in an organic and community-driven way.
A unit of the cryptocurrency native to the Tezos blockchain (e.g. “I sent you 2 tez”). Tez is not capitalized (except at the beginning of a sentence or when you would otherwise capitalize a noun). “I sent you 2 tez” — not “I sent you 2 Tez.”
Unless there is a very specific reason to use XTZ, the term tez is preferred. Applicable situations to use XTZ typically involve accounting systems, exchange rates with other currencies, and anything that might need some sort of standardized code.