Frax Share (FXS) vs Tezos (XTZ): A Comparison and Review

Frax Share (FXS)

Description:

The Frax Share token is the governance and value accrual token of the Frax Stablecoin Protocol. It operates on the Ethereum platform and is categorized under Decentralized Finance (DeFi), Seigniorage, and various ecosystem categories such as BNB Chain, Solana, Polygon, Arbitrum, Avalanche, Harmony, Olympus Pro, Moonriver, Fantom, Liquid Staking Governance Tokens, and Ethereum.

Market Cap Rank:

FXS ranks 88th in terms of market capitalization.

Price Change Percentage (30d):

FXS has experienced an impressive 88% price change in the past 30 days.

Tezos (XTZ)

Description:

Tezos is a smart contract platform created by Arthur Breitman, a former Morgan Stanley analyst. It is known for its self-amendment and on-chain governance features. Tezos operates as a layer 1 (L1) solution and is categorized under Smart Contract Platform and Tezos Ecosystem.

Market Cap Rank:

XTZ holds the 58th position in terms of market capitalization.

Price Change Percentage (30d):

XTZ has experienced a -16.10561% price change in the past 30 days.

Overview of Tezos:

Tezos differentiates itself from other blockchain platforms through its self-amendment and on-chain governance mechanisms. Its proof-of-stake consensus algorithm, called liquid proof-of-stake, focuses on balancing security, decentralization, and the advantages of delegated proof-of-stake. The platform's native token, XTZ, allows token holders to delegate their voting rights to others in the network. Tezos uses OCaml, a fast and flexible programming language, and implements a generic network shell to support various transaction and consensus protocols.

Baking & Endorsing:

In Tezos, the process of signing and publishing a new block is called baking. Bakers, who need a minimum of 8,000 XTZ, qualify as delegates, with additional delegated stake increasing their chances of being selected as a Baker or Endorser. Bakers earn a block reward of 40 XTZ, while 32 Endorsers are randomly selected to verify the last baked block and receive 1.25 XTZ for each endorsed block.

Block Rewards & Inflation:

The block rewards in Tezos are funded by protocol-defined inflation, aiming for roughly 5.5% annualized yield. However, the actual yield may vary based on the percentage of delegated tokens and other factors. Bakers and Endorsers are required to post a security deposit for each block they bake or endorse, which is forfeited in case of malicious activity.

Mainnet Launch and Funding:

Tezos successfully launched its main network in 2018 after resolving corporate governance disputes. The Tezos Foundation raised $232 million in July 2017 through one of the largest-ever initial coin offerings to build the network and issue a new type of cryptocurrency. However, it's worth noting that as a relatively new blockchain technology, Tezos may still encounter unexpected issues and challenges.

For a more comprehensive review of Tezos, you can refer to the CoinBureau review.