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Exzo Network Protocol is a decentralized application platform designed to enable the use of apps on the web. The platform operates on a Proof-of-Stake (PoS) consensus mechanism called IBFT, which aims to provide scalability and stable fees on the network to facilitate low-cost transactions for developers and users.

Exzo Token (XZO) is the platform's native utility token that serves various purposes, such as paying transaction and data storage fees, staking XZO tokens to run validator nodes on the network, and using it for governance votes to determine the allocation of network resources. Additionally, the Exzo Network offers a suite of tools to enable developers to create streamlined user experiences, debug contracts, and understand network performance.

Exzo Network's tools include EXZO SDKs, which comprise standard data structures and testing tools for Solidity, and are compatible with the EVM. Exzo Wallet is another tool that allows developers to create streamlined user experiences. Exzo Explorer aids with debugging of contracts and understanding network performance, while Exzo Command Line Tools allow developers to deploy applications from local environments. The Exzo Network also offers a decentralized exchange (DEX) and a multi-chain NFT marketplace.

Exzo Network launched its testnet and mainnet beta on September 27, 2022, with 800 million Exzo tokens created at genesis. The token distribution breakdown is as follows: 20% goes to the founding team members, 10% goes to the initial exchange offering or initial liquidity offering, 20% goes to the treasury, 2% goes to philanthropy, 3% goes to Airdrop rewards, 5% goes to bug bounty rewards, and 40% goes to other endeavors such as partnerships, exchange listings, staking rewards, and burning events.

In addition to XZO, Exzo Network has several ecosystem tokens, including ExzoCoin 2.0, a membership token that also serves as a governance and utility token, Wrapped Exzo Token (WXZO), which is a wrapped version of the native blockchain token, and Exzo Stable Coin (USDX), which is an algorithmic stable coin for the Exzo Network ecosystem.

Exzo Network was founded by developers Stefan C. and Quinton P., who have extensive experience in software development, programming, and blockchain technology. The two met while Stefan was searching for additional blockchain developers in the United States, and in September 2022, they began working on a project focused on allowing developers to build and release software with less friction.