Tezos (XTZ)

Tezos (XTZ)

What is Tezos?

Tezos is a decentralized platform that launched its namesake cryptocurrency XTZ. The creators of the platform focused on the need for innovation and modernization of blockchain technology. The project team has set a goal to achieve a consensus mechanism in which all members of the network will have the right to vote. In their opinion, Tezos blockchain will help to avoid hard forks and prevent inequality between miners and users of cryptocurrencies, as it was with Bitcoin and other top cryptocurrencies. Tezos ICO ended on 14 July 2017 with $228,185,796 collected. To manage the development of the new network, Tezos foundation was created, which got controversial reviews from the Tezos community. Tezos launch date was 17 September 2018 officially.

What are the best features of Tezos cryptocurrency?

  • Maximum safety. The algorithm functions in such a way that it is almost impossible to make a successful hacker attack, track transactions or steal user data.

  • The decentralized process of implementing updates. After the release of new updates in the network, there is a vote, which should be attended by the majority of the project participants. If Tezos miners and holders vote in favor, the update is implemented automatically.

  • Flexibility. The idea of the project was initially to make the system flexible and convenient for all users. A flexible approach to system modernization is applied, which is aimed at achieving consensus rather than using rigid forks.

  • Availability of public beta version. Each user can independently test the Tezos crypto system before starting to work with it.

Where to store the Tezos coin?

You can keep the XTZ coins in the official Tezos wallet. So far, there is only a web version, desktop or mobile cold wallets do not exist. The wallet includes public and private keys. With the help of a private key, you can access the wallet and conduct any financial transactions with the cryptocurrency, for example, to buy Tezos cryptocurrency. Please note that in case of loss of the private key, access to the wallet will be impossible. The key cannot be restored.

How to buy Tezos?

The cryptocurrency did not cause a huge stir at the world's largest exchanges because of controversial Tezos news. Today, it is listed on only three trading platforms, including HitBTC, Gate.io and Gatecoin. You can check the current Tezos price and the market cap at CoinMarketCap.

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