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All about Tezos cryptocurrency + Tezos future

All about Tezos cryptocurrency + Tezos future

Tezos digital currency  (XTZ) is a blockchain network that is connected to a digital token called tez or tezzie. Tezos digital currency  is not based on Tez mining. In return, token holders are rewarded for participating in the proof-of-stake consensus mechanism.


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After a promising start and a very successful Initial Coin Offering (ICO), Tezos has been plagued by numerous delays and legal issues. However,  the Tezos cryptocurrency  survived the crypto bear market in part due to its unique proof-of-stake mechanism. The price of tez increased more than three times between October 2019 and February 2020 and reached its highest level. Tezos cryptocurrency  continues to gain attention in 2021 and remains in the top 40 cryptocurrencies

Important Notes

  •  Tezos (XTZ) is a blockchain network connected to a digital token called tez or tezzie.
  • Tez are not mining based and rely on proof of stake mechanism.
  • Tezos had a very successful ICO, but was plagued with lawsuits and price cuts.
  • Tez’s price reached an all-time high in early 2020, leading to reconsideration of its future investment potential.

Understanding Tezos Digital Currency

Like Bitcoin and Ethereum, Tezos is a decentralized ledger. which uses blockchain technology. Tezos, like Ethereum, is designed to use smart contracts. According to the developers, the ancient Greek term “Tezos” means “smart contract”.

However, Tezos cryptocurrency goes beyond previous offerings. This takes the smart contract concept “one step further by allowing participants to directly control the rules of the network.”

Tezos is supposed to be an evolving network. This flexibility is considered as one of the important aspects of its system. In particular, Bitcoin’s lack of flexibility and scalability (what is the Bitcoin Misery Index (BMI)?) has left it with numerous problems and growing pains. Ethereum has grown in leaps and bounds due to its flexibility, and Tezos continues to do so.

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How is Tesos different?

One of the distinguishing elements of Tezos is its management. Most early blockchains rely on development teams and mining communities to formulate new design choices. However, Tezos attempts to make the decision-making process within the user network itself.

“Tezos takes a completely different approach by creating governance rules for stakeholders to approve protocol upgrades that are later automatically deployed to the network,” its developers say.

As a result of this system, Tezos creates incentives for users to participate in the main development process. It democratizes development and decentralizes maintenance.

At the same time, Tezos developers were aware that certain important features should be preserved over time. Theseus uses formal mathematical proofs to verify the conservation of these properties.

In effect, this means that the Tezos cryptocurrency network remains decentralized. Although other blockchains are decentralized, the Tezos cryptocurrency also includes a mechanism that allows for collective decision-making. Tezos cryptocurrency token holders are allowed to vote on pending protocol development.

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Concerns about Tezos digital currency

Having a powerful and flexible network at its core, Tezos digital currency attracted a lot of attention in its initial coin offering. The ICO started on July 1, 2017. Its revenue was $232 million, making it one of the largest ICOs in history.

However, after the success of the ICO, there was a big dispute between Tezos CEO Johann Gores and Arthur and Kathleen Breitman, the owners of the intellectual property rights of the Tezos cryptocurrency.

As a result of this dispute, the launch of the Tezos platform itself was delayed indefinitely. As of early March 2018, the Tezos cryptocurrency network had not yet launched, although Kathleen Breitman had previously suggested that it would launch within weeks of a conference at UCLA in February.

The delay in the launch was one of the reasons why Tezus faced legal problems. Investors launched a series of lawsuits, arguing that the securities were unregistered. In these lawsuits, investors were allowed to receive refunds for purchases they made in the ICO. However, Tezos was finally launched in 2018.

The outlook for Tezos improved in early 2020, but cryptocurrency prices are highly volatile and highly speculative. Potential investors should exercise due diligence and avoid risking more than they can afford to lose.

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The future of Tesos

The future of Tezos digital currency looked bright once again in February 2020. Although the rapid rise in  Tez prices  suggests caution in the short term, the record high solves some problems. In particular, all those who want to withdraw their money can easily sell their profit in the market.

More importantly, Tezos proved its mettle by surviving the bear market and reaching new highs. (Introduction to Price Channel) As Warren Buffett once said about cryptocurrencies: “Only when the tide goes out do you find out who swam naked.” Tezos seems to have a better future than many thought. However, the ultimate fate of Tezos depends on the value of its technological innovations and its ability to attract support.

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