Tezos (XTZ), the cryptocurrency, has seen a substantial surge in price over the past week, reaching IDR 14,279.07, as reported by Coin Market Cap. Concurrently, Tezos enthusiasts are engaging in the Tezos Art Walk, a community event featuring augmented reality (AR) art hidden in South Beach.
Tezos Price Movement and Statistics
The price of Tezos (XTZ) has experienced an upward trajectory on the stock exchange, reaching IDR 14,279.07 today. Notably, the price has steadily risen from IDR 13,000 on December 4, 2023. The 24-hour trading volume for XTZ is reported at IDR 429,412,973,212, with a market cap of IDR 13,745,307,003,491 and a circulating supply of 962,619,131 XTZ coins.
The official Tezos account has shared information about the Tezos Art Walk, urging participants to find seven pieces of augmented reality (AR) art hidden in South Beach before December 10 at 17:00 ET. Participants can collect a free NFT for each work shared on Twitter and have the chance to win up to 1000 tez by securing all seven works.
Tezos: Pioneering Web3 Revolution
Tezos, initiated in 2014, is designed to play a pivotal role in the Web3 revolution. With a foundation built on user participation and governance, Tezos facilitates direct and seamless interaction among users in a decentralized network. The platform supports the exchange of value and interaction with various applications without relying on intermediaries, aligning with the ethos of Web3.
Tezos emphasizes security and code correctness through formal verification, leveraging OCaml and Michelson languages. The platform prioritizes governance and community participation, enabling users to actively propose, evaluate, or approve amendments. Tezos operates on a Proof-of-Stake consensus mechanism, ensuring energy efficiency and lower operational costs.
Tezos: A Cutting-Edge Smart Contract Platform
Tezos promotes user-driven innovation and features formal upgrade mechanisms, ensuring regular upgrades and increased functionality over time. Arthur Breitman, the author of the Tezos white paper, and his wife Kathleen founded Dynamic Ledger Solutions, which developed the Tezos protocol. The Tezos Foundation later acquired the startup to secure intellectual property rights related to the network.