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What is Tezos all about
Tezos once held the title for the most successful ICO in crypto history, and this is because of the promising idea of the project to allow for not only smart contract governance by the participants but entire network governance.
So, like Ethereum or other programmable blockchains with smart contracts, users of Tezos can set how these smart contracts work, but the project takes the smart contract concept “one step further by letting participants directly control the rules of the network.”
It is pushed towards increased flexibility in the network as part of Bitcoin's problem has always been its slow moving and rigid evolution. By changing the governance rules to be highly flexible, allowing stakeholder to approve protocol upgrades, Tezos is supposed to be a quick moving and reactive blockchain project.
However, it did not get off to a good start following the successful ICO as a dispute took place between Tezos President Johann Gevers and Arthur and Kathleen Breitman, the owners of Tezos' intellectual property rights which slowed progress down on the project significantly.
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XTZ Questions & Answers
What is Tezos's current price?
Current price of Tezos is 5.79 Euro.
How much did Tezos cost at its highest?
Tezos reached its maximum price on 2021-10-04, when it was at 7.85 EUR.
What will the Tezos price be in 3 months?
Based on our prediction we expect that Tezos's cost will be anywhere between €3.08 and €5.62 90 days from now.
How much will Tezos be worth 1 month from now?
According to our short term price prediction, we suspect that Tezos's cost will be between €3.08 and €5.12 in 1 month time.
What will the price of Tezos be in half a year?
There is no easy way to make an accurate long-term prediction, however in accordance with our price prediction algorithm we estimate Tezos's price is likely going to be between €3.08 and €7.46 six months from now.
What is the popularity of Tezos on online?
61136 users were participating in discussing Tezos online on Reddit in the last 2 days. The official Tezos Twitter account is currently followed by 202020 users.
What issues did Tezos face at the start?
Tezos faced a huge slump in its development shortly after raising a record amount of money in its ICO. The issue came between the executives who were fighting over intellectual property of the business. However, these issues seem to have been resolved.
Is Tezos still the biggest ICO in history?
Tezos held the record for the world’s largest ICO for some time, but as the ICO craze continued to grow, other coins took its $232 million ICO from July 2017. Other notable big ICOs include the now defunct Telegram ICO that raised $1.7 billion, as well as EOS $4.2 billion from notable companies like Epic Games and Uber.
What does staking Tezos do?
Tezos unique selling point is its staking system. It allows everyone who holds some amount of Tezos coins to produce, sign and validate blocks and get rewards in proportion to their stake, but they can also delegate to another person to make the process easier and less taxing
Can I have a say in how the Tezos protocol changes?
Tezos was created to be a flexible blockchain that can easily be changed and amended by the community. It features a self-amending feature powered by an on-chain voting mechanism which means, unlike Bitcoin or Ethereum, changes can happen rapidly to avoid issues that may occur.