Tezos (XTZ): D-Score 69/100 — Decentralized BlockIndex D-Score: 69/100 (Decentralized). Tezos (XTZ) is a Layer 1 cryptocurrency using PoS consensus. Tezos (XTZ): Self‑amending, formal‑verification‑friendly Layer‑1 with on‑chain governance and energy‑efficient LPoS consensus. Source: https://blockindex.ai/coin/xtz · Data by BlockIndex.AI · Updated 2026-06-19 D-Score breakdown (0-100, higher means more decentralized) Component: Score: Overall D-Score: 69: Node distribution: 20: Initial distribution: 6: Governance: 25: Age and history: 13: Autonomy: 5: Key facts - Layer: Layer 1 - Consensus: PoS (Other) - Launch: ICO (2018) - Founder: Arthur Breitman; Kathleen Breitman - VC funded: No - Max supply: N/A - Circulating: 1,088,258,735 Market data (as of 2026-06-19) - Price: $0.23 - Market cap: $247.21M - 24h volume: $11.09M - 24h change: -4.33% · 7d change: -2.28% About Tezos (XTZ) is an open-source, self-amending Layer‑1 blockchain designed around on‑chain governance, formal verification and a Liquid Proof‑of‑Stake (LPoS) consensus model. Conceived by Arthur and Kathleen Breitman in 2014 and launched after a large 2017 token sale, Tezos emphasizes continuous, forkless upgrades via token-holder voting and a formal upgrade process. The protocol stack centers on OCaml implementations and the Michelson smart‑contract language, enabling formal verification and strong correctness guarantees that appeal to institutional users and use cases where code safety is paramount. From its early design the project prioritized governance, upgradeability and energy efficiency, positioning Tezos as a platform for tokenized assets, financial primitives and creative economies that value security and predictability. Technically, Tezos operates as a native L1 chain with on‑chain amendment mechanisms that allow protocol parameters and features to be proposed, voted on and activated without contentious hard forks. Bakers (validators) secure the network through Liquid Proof‑of‑Stake; token holders can delegate staking rights to bakers. The platform supports Michelson-based smart contracts and a growing toolchain for higher-level languages and formal verification. Over time Tezos has adopted multiple coordinated upgrades—Paris, Quebec, Rio, Seoul and Tallinn among others—that introduced features such as a Data Availability Layer (DAL), Smart Rollups, improved block timing (progressing toward 6–8 second blocks), protocol‑native multisig, Sapling privacy integrations, adaptive issuance mechanics and tooling to accelerate safe protocol changes. These upgrades reflect a deliberate, conservative approach to expanding capabilities while preserving safety. In practice, Tezos has gained traction in verticals like NFT marketplaces, art and cultural partnerships, institutional custody and tokenization efforts. Significant ecosystem growth in 2024–2025 included the emergence of liquid staking (stXTZ), increased L2 activity (Etherlink), and adoption by custodians and exchanges offering staking services. Tezos’ approach to governance and treasury management—centred on the Tezos Foundation and developer organizations—has supported grantmaking, ecosystem development and infrastructure investments. The platform’s focus on formal methods supports high‑value use cases (e.g., tokenized securities or art assets) where correctness and auditability are differentiators versus many other smart‑contract platforms. Tokenomics on Tezos are inflationary and issuance‑driven: bakers and delegators receive rewards from newly issued XTZ rather than from a capped supply model. There is no fixed max supply; issuance is adaptive and historically around the mid‑single digits annually (platform notes referenced ~4.5% annual issuance). The project’s initial distribution followed a large 2017 ICO in which roughly 80% of initial tokens went to donors and ~20% were allocated to the Tezos Foundation and Dynamic Ledger Solutions. That initial allocation and subsequent foundation stewardship have been documented in the project’s history and legal proceedings, which were later resolved. Circulating supply snapshots in 2025 show roughly ~1.03B–1.07B XTZ in circulation depending on the snapshot date. Governance is a defining characteristic: Tezos uses multi‑phase on‑chain governance (proposal → exploration → promotion cycles) enabling coordinated, non‑forking upgrades. The community of bakers and delegators participates actively in protocol decisions; the Tezos Foundation and developer firms historically play material roles in funding and development. Security and continuity have been emphasized through conservative upgrade practices and formal verification tooling. Looking forward, Tezos’ roadmap prioritizes continued L1 performance improvements (reduced block times, faster finality), Data Availability Layer maturation, Smart Rollups and L2 ecosystem growth, all while supporting institutional custody, liquid staking primitives and ecosystem developer tooling. Links - Website: https://tezos.com/ - Whitepaper: https://tezos.com/whitepaper.pdf - GitHub: https://github.com/tezos/tezos --- About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore