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xtz
Tezos (XTZ) is an open-source blockchain platform that can modify its protocol through on-chain governance. Instead of depending on just a few people for updates, holders of its native XTZ token can propose, discuss, and vote directly on proposed changes to the network's rules.
This coin is available on Newton.
Tezos operates using a proof-of-stake consensus mechanism, making it more energy-efficient than traditional mining-based blockchains. Once approved, these changes are automatically implemented across all nodes. This distinctive approach eliminates the need for disruptive hard forks that have historically impacted other blockchains like Bitcoin (Bitcoin Cash) and Ethereum (Ethereum Classic).
XTZ, also known as "tez" or "tezzie," serves as the platform's native token, enabling users to participate in governance, engage with decentralized applications (dApps), process transactions, and secure the network through staking. The platform has become particularly notable for supporting diverse applications ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs).
Tezos operates through core mechanisms:
Tezos operates as a self-amending blockchain, allowing the network to upgrade and evolve without hard forks. Anyone holding XTZ can propose updates to the network’s rules. These proposals then move through a structured, four-step voting process involving all token holders (referred to as “bakers” when they participate in block creation):
If a proposal passes all four stages(each lasting 23 days), it automatically goes live, and the network upgrades itself without disruptive splits. Bakers who submit beneficial proposals can attach an invoice requesting compensation for their efforts, which, if approved, rewards them with newly minted XTZ.
The Liquid Proof of Stake (LPoS) consensus requires a minimum stake of 8,000 XTZ to become a baker. These bakers validate transactions and create new blocks, with selection probability proportional to their staked amount. In return, they earn block rewards. For those holding less than 8,000 XTZ or who prefer not to bake directly, Tezos supports delegation. Token holders can delegate their XTZ to a baker without transferring ownership, increasing the baker’s influence and share of block rewards. Bakers, in turn, often share a portion of these rewards with their delegators.
Tezos supports smart contracts written in Michelson, a language designed for formal verification. This process mathematically proves the correctness of contract code, reducing the risk of errors and exploits.
The native token of Tezos is XTZ, often referred to as "tezzies."
Tezos stands out with its self-amending protocol that enables network upgrades through community voting rather than hard forks, making it one of the first truly self-governing blockchains where all protocol changes are decided and implemented by token holders.
Tezos (XTZ) derives value from its essential role in network operations (staking, fees, governance), real-world adoption by companies, continuous platform development, and overall market conditions.
Yes, you can legally buy, hold, and sell XTZ in Canada through crypto platforms like Newton.
Tezos (XTZ) holders can safely store their tokens in a Newton account or transfer them to a personal wallet for greater control. They can trade Tezos to capitalize on market opportunities and diversify their crypto holdings. Staking, or “baking,” allows users to earn rewards while securing the network and contributing to its consensus mechanism.
Tezos can be easily sent to other wallets for seamless peer-to-peer transactions without intermediaries. The blockchain also supports decentralized finance (DeFi) applications, enabling lending, borrowing, and interest-earning opportunities. Tezos-based marketplaces offer a platform for buying, selling, and collecting NFTs, benefiting from low fees and energy-efficient transactions. Asset tokenization allows real-world assets like real estate and fine art to be represented and traded securely on Tezos. Adding XTZ to a crypto portfolio provides diversification, while governance participation empowers users to vote on protocol upgrades.
Additionally, Tezos plays a key role in gaming and metaverse applications, supporting in-game economies and digital asset ownership in blockchain-based virtual worlds.
Arthur Breitman, a former Google X and Waymo engineer, conceived Tezos in 2014, publishing its initial position paper in August and whitepaper in September under a pseudonym. Along with his wife Kathleen Breitman, who previously worked at Bridgewater Associates and R3, they developed the concept of a self-amending cryptocurrency.
In 2017, the Tezos Foundation—an entity established to oversee fundraising and development—conducted a token sale (Initial Coin Offering) that raised approximately $232 million, making it one of the largest such events at the time. However, a power struggle arose between the Breitmans and Johann Gevers, the then-president of the Tezos Foundation, delaying token distribution and attracting significant media attention. The conflict was resolved when Gevers stepped down in early 2018.
Further complications arose when ICO participants were required to complete KYC/AML verification before receiving their tokens. In March 2020, the Tezos Foundation settled a class action lawsuit for $25 million with ICO participants. Despite these early obstacles, Tezos officially launched in June 2018 and has since established itself as a major proof-of-stake blockchain platform.
You can buy as many Tezos (XTZ) as your available CAD balance allows. There’s no maximum limit. You can start with as little as $10 CAD, the minimum deposit amount.
Currently, Newton supports Interac e-transfers and wire transfers. Credit and debit cards are not supported.
Trading fees for Tezos (XTZ) are included in the transaction total and displayed before you confirm each trade. For the latest and most accurate fee information, please visit Newton’s Fees page.
Safely store your Tezos in your Newton account or transfer it to a personal wallet for additional control.
Stake (or "bake") your Tezos tokens to earn rewards while helping secure the network and participating in its consensus mechanism.
Transfer Tezos easily to other wallets or platforms for peer-to-peer payments or exchanges without intermediaries.
Buy, sell, or swap Tezos to respond to market opportunities and diversify your crypto holdings.
Leverage Tezos for decentralized financial services like lending, borrowing, and earning interest through Tezos-based protocols.
Buy, sell, or collect NFTs and digital art on Tezos-based marketplaces, benefiting from low transaction fees and energy-efficient blockchain technology.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
These involve person-to-person trades where you buy Tezos (XTZ) directly from another individual, often through peer-to-peer platforms or local community networks. While possible, this method often carries security and trust challenges.
These include centralized exchanges, decentralized exchanges, and other intermediaries or platforms designed for buying Tezos (XTZ). Many individuals prefer to purchase Tezos (XTZ) through a regulated cryptocurrency platform like Newton, which offers an easy experience with secure transactions and compliance with Canadian regulations.
Trading fees are included in the transaction total and displayed before you finalize your trade, so you always know what you’ll pay. Please visit Newton's Fees page for the most current information on Tezos fees.
Newton prioritizes user security with new device registration, login history monitoring, anti-phishing protection, multi-factor authentication, and institutional-grade custody, storing most assets in insured cold storage.
Newton makes it affordable to buy and sell Tezos, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton’s intuitive app and web platform let you trade Tezos (XTZ) effortlessly on any device. Available on web, iOS, and Android devices.
Registered with the OSC and compliant with Canadian Securities Administrators (CSA) regulations.
As a Canadian-based platform, Newton provides a secure and reliable environment for Canadians to trade Tezos and other cryptocurrencies. Newton’s emphasis on security and ease of use makes it a trusted platform for cryptocurrency trading in Canada.
Visit Newton's signup page or download the app (available on iOS and Android) to create your account. Complete the quick and secure verification process using your government-issued ID to unlock full access to the platform.
Deposit funds into your Newton account using one of the following methods:
Interac e-Transfer: A fast and convenient way to fund your account, with deposits typically processed instantly or within 2 hours.
Wire Transfer: Suitable for larger transactions. Wire transfers may take up to 3 business days to process.
Navigate to the trading section to begin.
Choose Tezos (XTZ) from available cryptocurrencies.
Enter how much Tezos (XTZ) you want to purchase in either Canadian dollars (CAD) or Tezos (XTZ) amount. You'll see all fees and the exchange rate before confirming your trade.
Confirm your trade details to complete the transaction. The Tezos (XTZ) tokens will appear in your Newton account shortly after.
You can also transfer your Tezos (XTZ) tokens to external storage solutions. These include hardware wallets, which are physical devices that store your Tezos (XTZ) offline, and software wallets, which are digital applications(desktop, mobile, or web-based applications) for storing and managing your Tezos (XTZ). Choose a wallet that supports Tezos (XTZ).
Newton provides secure, institutional-grade custody for your Tezos (XTZ). Most assets are stored offline in cold storage to protect against potential risks and are insured for added protection. You can easily access your Tezos (XTZ) tokens for trading or selling whenever you choose.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Tezos, please see our Asset Statement.
