Following the addition of Tezos staking on Kraken, the price of XTZ has now spiked to its highest value since July.
Start earning Tezos.
Watch educational videos to earn XTZ.
Tezos is a cryptocurrency and decentralized computing platform. Its features include proof of stake consensus, formal verification (which lets developers verify the correctness of their code), and the ability to let stakeholders vote on changes to the protocol. Tezos's block creation process is called "baking" — Tezos holders who stake their tokens can receive Tezos tokens as a reward for creating and verifying blocks.
Following news that crypto exchange Kraken is introducing Tezos staking rewards, the price of XTZ has now reached a seven-month high.
Cryptocurrency exchange Kraken is the latest exchange to enter the staking landscape for cryptocurrencies. In a recent blog post, the exchange announced its staking service would begin December 13 for customers. The post Kraken is the latest exchange to enter Staking as a Service appeared first on The Block.
Don’t miss out on breaking news
Get the latest headlines on your favorite cryptocurrencies.