Tez (XTZ) is the native token of the Tezos network, an open-source, Liquid Proof of Stake blockchain network. Tezos is one of the longest running Proof of Stake networks and one of the preeminent Layer 1 protocols in the crypto space.

The Tezos network, which launched on June 30, 2018, is known for its energy-efficient design, ease of use, and on-chain governance. Tezos is able to adopt the best features of other blockchain protocols through its on-chain governance and upgradeability. The network has over $2 billion of staked value and over 400 bakers (validators) across 6 continents including corporate validators such as gaming giant Ubisoft.

Tezos has a growing DeFi ecosystem with ERC-20 bridges for low-gas cross-chain utility, yield farming protocols, and AMM platforms. Game developers, music labels, NFT artists, sporting franchises, central banks, real estate developers, global NGOs and more are all building on Tezos.

Tezos was first described in a 2014 white paper as an efficiently designed and forkless smart contract protocol. The Tezos network was co-founded by Arthur and Kathleen Brietman.