It’s not Bitcoin. It’s not Ether. So what is it? Tezos is a relatively new entrant that appears to be taking aim at Ethereum primarily. Bitcoin dominates the Store of Value role and Ether continues to plod along trying to scale. Enter Tezos.
Symbol – XTZ
ICO – $232 Million in 2019
According to Tezos.com, Tezos is the following: Tezos is an open-source platform for assets and applications that can evolve by upgrading itself. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself.
With the high cryptocurrency market capitalization, it is definitely difficult to find a place to invest in as well. Many of you may have heard about the Tezos coins. It is a crypto-currency that was made and developed by the team at the Ropsten DAO. This is one of the best investments for investors as this coin had great potential and with its security features.
As of April of 2020, there appears to be building momentum of YOLO and FOMO with respect to Tezos. TBH, investors must consider the fact that Tezos staking is now available with Coinbase, Kraken, and Binance US. This makes the coin easily accessible to a whole slew of potential users and holders. Tezos also has about 93% of the coins locked up and it has surpassed EOS in that regard. Tezos could eat away at market share and attention of all the coins outside of Bitcoin. Tezos, Lolli, and Pei give folks the chance to experience HIFW they are “earning” more crypto for just every day activities.
The ability of Tezos self governance to upgrade itself sets it apart from Ethereum, Cardanos, and most others.
Here is an update on all the action taking place in the Tezos ecosystem currently:
This is a condensed version of everything that’s going on with Tezos right now.
On-chain activity is exploding recently from DeFi and NFT activity:
https://better-call.dev/stats/mainnet/general
Tezos is offering DeFi, NFTs, Smart contracts, formal verification, massive war chest of $2 billion+, all under the extremely flexible on chain government structure so that it will always remain cutting edge with new technology. It’s using every other project as a test net for ideas and absorbing all the goods ones.
Quick stats: Devs working in the Tezos ecosystem: 1500+ Wallet addresses: 1 million+ Contract calls in April: 1 million+ Active validators: 400+
DEFI platforms: Quipuswap, Dexter, Kolibri, Tezos finance, wrap protocol, SEXP (coming soon)
NFT platforms: Hic et nunc, Kalamint, Bazaar market, opensea (coming), Tzcolors, Tezauction, Radion fm
Companies issuing STO´s on Tezos: Fundament, globacap, tzero, tokensoft, BTG pactual, vertalo, REI capital, Alliance investment, QR capital, elevated returns, Dealbox, ROI group, Societe generale, Aqarchain, Equisafe, Baanx, Andra capital, logical pictures and more.
Stable coins on Tezos token standards: USDS, Usdtz, Kusd, Euro Lugh, checker, gold and silver pegged tokens.
Token standards: Nyx standard, Fa 1.2, Fa 2
Oracles on Tezos: Harbinger, chainlink, wolfram
Decentralized identity: Spruce systems, gravity
Block explorers: Tzstats, tezblock, tzkt, Arronax, mininax
Other projects: Tezos domains, Tezdice, Homebase, Electis, werenode, Baking bad, crictez, buttonists, Envited ecosystem, kiln
Corporate bakers: Wakam, Exaion, Ubisoft
First of all, you can use this coin to invest in Steem. This currency is one of the top platforms for traders and buyers. With this coin, you can save your time by not having to worry about paperwork and procedures. In addition, you don’t have to download the wallet software. You can even read the news and get information about how the trading goes. Of course Twitter has loads of opinions related to XTZ as does Facebook. Don’t be surprised if you find yourself SMH or texting TBH to someone about the wild opinions.
With the fact that you will be investing with this coin, it will be easier for you to have a handle on how to invest with this currency. So, how to buy Tezos? This will be different for each investor. For some, they choose to buy from the listed exchange. But, if this is not convenient for you, then you can use an online forex broker, or you can invest in any other crypto-currency.
If you are into trading, then you should go for the exchanges. Some of them offer free trading, and there are few that charge a fee. This is good for you, as you can save some of your time. There are several reasons why the exchange has been advantageous for many investors.
The free trading will make it convenient for you. And because the exchange is free, there is no possibility of having your account hacked or losing your money. One of the reasons why many people buy this is the convenience of the process. This process is completely different from other currency exchanges. As you know, this is an initial coin offering where you can be assured that the coin has a value and the tokens have to be purchased.
Second, this network is similar to a network of trading, which is much better than the stock market. For instance, the money that you earn from the market trading is used to pay off those that you make on the market. Therefore, you get a good return on your investment. It also does not involve any kind of complexity to handle because it is a simple trading process, which makes it much simpler for you.
Last, the staking system is something that makes it very attractive. You can expect to earn a consistent amount of dividends each month. The dividends will be distributed to your wallet every day. So, you can easily build up your stake on the network.
Tezos Stablecoins
The USDTZ recently became the first stablecoin to enable private transactions. This comes on the heels of the USDS stablecoin launching on Tezos.
Is Tezos better than Ethereum?
Ethereum continues to make very aggressive promises while constantly being bogged down in upgrade challenges and debates over whether it is proof of work or proof of stake. Tezos meanwhile is battle ready now. Some folks think Tezos could reach the potential that many felt was destiny for Ethereum.
What is Tezos XTZ?
According to Tezos.com, Tezos is the following: Tezos is an open-source platform for assets and applications that can evolve by upgrading itself. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself.
Ethereum was created as a platform for decentralized applications. It has been lauded as being one of the better choices in blockchain technology. Though the system is still new and hasn’t been adopted by most businesses yet, it is starting to get much attention from businesses and developers as well. There are many technical aspects that have yet to be handled effectively and one of them is scalability.
Ethereum has a protocol known as a blockchain. The protocol allows for one blockchain to be shared among many different parties. When two parties come together, they exchange many different kinds of information. This includes transaction data and information regarding blocks and data that are being stored in the database. Though this information can be accessed with no problems by one or several nodes that are using the blockchain, there is a limit to how much information can be written into a single block.
As the demand for transactions increases, the blockchain may end up holding too much information. The blockchain might end up having more blocks than it can handle and therefore, it becomes unusable. An easy way to fix this is to allow each block to contain only a certain amount of information. This way, the blockchain doesn’t become inefficient. Many businesses will want to share transaction data with many different users. When each block only contains a limited amount of information, it is less likely that the blockchain will become too large.
There is an issue with the block size however. The protocol does not allow for the creation of more block space until a certain number of transactions has been processed. When the block size increases, it becomes more expensive to process the next block. As each block is larger, the amount of time it takes to process the next block becomes longer.
Proof of Work (PoW) also contributes to the scalability issue with Ethereum. PoW is a consensus algorithm that ensures that the blockchain system is running correctly. A process called mining occurs in Ethereum when a transaction is processed. When a miner is able to create the next block, he is rewarded with a certain amount of ether.
PoW requires a large amount of computing power. If this is not controlled properly, the blockchain will become stuck at a certain point. In order to get around this, the network needs to come up with a solution. One solution is to introduce an “instant” block. Since this block cannot be processed by miners alone, it must be created by the proof of work algorithm. Another solution would be to increase the block size to allow more data to be stored in a block.
Solidity is an open source language that can be used to develop smart contracts. It was originally designed by Parity Technologies, but it is open source and available to anyone who wants to use it. When the Ethereum developers decide that they need to increase the block size, they will likely make a smart contract that requires users to install the new software in order to run.
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