What is XTZ?
XTZ is the native cryptocurrency for the Tezos blockchain.
The token hit its ATH of $8.40 on May 7, 2021 and is currently ranked #42 amongst all cryptocurrencies. At the time of writing, XTZ is trading on Coinhako for $3.315 USD.
What is Tezos?
Tezos is a blockchain network based on smart contracts, similar to Ethereum. Its difference to other networks lies in their advanced infrastructure which allows the network to evolve and improve over time without needing a hard fork. This resolves problems faced by both Bitcoin and Ethereum since their inception.
People who hold XTZ are able to vote on proposals for protocol upgrades that have been put forward by Tezos developers.
According to Tezos, its approach allows it to be future proof; meaning that Tezos will “remain state-of-the-art long into the future,” enabling it to embrace developments in blockchain technology.
The technology underpinning Tezos was first proposed in a white paper that was released in September 2014. After a series of delays, the Tezos mainnet launched four years later.
What makes Tezos different?
While many blockchains offer staking, Tezos put a unique twist on this process and allows users to be involved with the network’s governance through “baking.” Baking effectively stakes 8,000 XTZ which is meant to create a financial incentive to act honestly.
Bakers are then tasked with voting on proposed changes to the blockchain’s code. The proposals need to receive support from the majority of participants before they are put on the testnet for 48 hours. These changes are only fully implemented once backed by the supermajority.
What’s New with Tezos Price (XTZ) on Coinhako?
1. Trade XTZ directly with Singapore Dollars (SGD) 🇸🇬
With XTZ/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell XTZ in Singapore Dollars (SGD) when they fund their accounts with SGD.
2. Trade XTZ directly with Vietnamese Dong Trading (VNDT) 🇻🇳
With XTZ/VND trading pairs available on Coinhako, our Vietnam users will be able to buy & sell XTZ when they fund their accounts with VND.
3. Trade XTZ directly with US Dollars (USD) 🇺🇸
The XTZ/USD trading pair Solana prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell XTZ when they fund their accounts with USD.
4. XTZ swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade Tezos Price with other cryptocurrencies that are supported in their countries, with our Swap function.
5. Get the latest XTZ price news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.
The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on XTZ alongside on the other top crypto projects, like uniswap, polkadot, band protocol.
6. XTZ wallet for all (COMING SOON )
With the wallet feature, Coinhako users can securely send (withdraw), receive (deposit), and store XTZ.
7. Buy XTZ instantly with debit and credit card
Beat the deposit queue and buy XTZ instantly when you pay by card.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.