The Tezos Mainnet Goes Live Monday, XTZ Price Jumps 18%


The price of Tezos (XTZ), a blockchain platform that boasts a number of next-generation features, is up around 18% as anticipation builds for the mainnet launch on Monday.

Tezos launched its betanet¬†in July, shortly after closing an impressive $232 million ICO. The betanet¬†was designed to build on the project’s alphanet with real-world applications by inviting community members to interact with the network to better debug and prepare for the full launch.

Tezos differentiates itself from many other blockchain platforms as it has the ability to essentially self-evolve by upgrading itself over time without having to hardfork and cause a divide in the community. While the platform is similar to Ethereum, EOS and TRON in its ability to support smart contracts and decentralized applications (dApps), Tezos takes the technology a step further through the implementation of a formal verification feature to prove the validity of smart contracts.

With the recent price spike, XTZ now boasts a market cap of $940 million, making it one of the largest blockchain platforms in the world by market cap.

XTZ is currently ranked 18th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Six Months In: An Update From Ryan Jesperson
Similar: Tezos (XTZ) Co-Founder Believes Video Games Will Drive People to Crypto

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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