TI 2021 Tezos Network Research Report
Tezos is a decentralized public chain launched in October 2018. According to its whitepaper, Tezos adopts an LPOS (Liquid Proof-of-Stake) mechanism to maintain network operation with a self-amendment mechanism. Developers can use Michelson to develop applications on this public chain.
- Since 2018, The Tezos blockchain has been in operation based on an LPOS (Liquid Proof-of-Stake) mechanism to maintain its network. Nodes with more than 8,000 tez can serve as "Bakers" maintaining the network operation to earn token rewards.
- Tezos’ "self-amendment" mechanism allows network upgrades through on-chain voting. At the time of writing, Tezos has witnessed seven upgrades without risky events, which has proven the feasibility of the mechanism to some extent. The proposal for the eighth round of upgrade “Hangzhou" has been submitted.
- At the launch of the Tezos mainnet, the initial supply of tez (XTZ) was 763 million, increasing at a rate of 5% per year. As of December 21, 2021, its circulating supply was 798,218,725 tez.
- The Tezos Foundation, TZ APAC, and ecosystem partners such as Nomadic Labs, TriliTech, and Blokhaus are working together to promote the development of the Tezos ecosystem.
- There are over 100 DApps on Tezos, many of which focus on DeFi and NFTs. Although its NFT marketplaces have seen positive growth in the trading volume and user base, for now, Tezos is still exploring such hot areas of GameFi and DeFi 2.0.
- Since the second half of 2021, The Tezos blockchain has been achieving eye-catching performance in the NFT track, with applications such as Hic et nunc and objkt.com recording considerable growth in the trading volume and number of users over the past three months. Meanwhile, Grammy, Red Bull Racing and McLaren have chosen Tezos blockchain as their technical partner.
- Tezos ranks 33rd in terms of its on-chain asset scale among public chain networks. According to the data, Tezos still has room for development compared to the leaders, both in terms of its TVL and the number of protocols.
Public Chain
Layer 1
Download
In This Article
Disclaimer
For questions & inquiries
info@tokeninsight.com
For research & editorial
research@tokeninsight.com
2018 – 2023 © TokenInsight Ltd. All rights reserved
Use TokenInsight App All Crypto Insights Are In Your Hands
Open