Buy Tezos in 3 easy steps with 0% CAD funding and 0% CAD withdrawal fees.
Buy TezosBuy Bitcoin > Cryptocurrency > Buy Tezos (XTZ)
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Tezos currently sits ranked 35th according to CoinMarketCap with a market valuation of over $3 billion and 1 billion XTZ in circulation.
Tezos is an open-source, Proof-of-Stake-based blockchain platform, which facilitates peer-to-peer transactions with its native token XTZ. Tezos was designed to create solutions to scalability problems that have limited the utility of previous blockchain platforms. Tezos’ controversial initial coin offering was the largest on record, but they were subsequently fined by the Securities and Exchange Commission (SEC).
Tezos uses a delegated Proof-of-Stake system to create new tokens, rather than Bitcoin’s Proof-of-Work system. Existing token holders’ ‘stake’ their XTZ to create additional tokens, which can be used as a medium of exchange or to participate in Tezos’ unique platform governance model. Tezos has also been used as a platform to create Non-Fungible Tokens (NFTs).
Tezos has two standout features. The first is its governance model, in which all XTZ holders can vote on protocol upgrades that cannot be implemented unless a majority of token holders approve. Another unique feature of Tezos is that it is a self-amending blockchain platform, capable of implementing significant upgrades without the risk of a fork, like those that have affected first and second-generation cryptocurrencies like Bitcoin and Ethereum.
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