For crypto traders, looking for new investment opportunities is the key to succeeding in the market. One of these up and coming cryptocurrencies is Tezos, a blockchain network and digital currency that has continuously impressed many investors worldwide.
With many innovative features and a different take on typical cryptocurrency networks, many traders are now looking for more sustainable and efficient investment options. It’s time to dive into the world of digital currencies and find out what exactly makes Tezos cryptocurrency special.
An overview of Tezos’ history
The Tezos project as a whole was first launched back in 2014 when the original whitepaper was released. However, it was only until June of 2018 that its blockchain network and native cryptocurrency was fully introduced.
Compared to other cryptocurrencies, Tezos and the Tez token had a promising start in the market. With an initial coin offering (ICO) of $232 million raised in just one day, there is a lot to expect from this digital currency and blockchain network.
Just like most of the cryptocurrencies of this age, Tezos went through a few roadblocks during the start of their journey. Before its launch in the latter part of 2017, Tezos worked with a Swiss foundation to manage its assets, but then the laws of Switzerland enforce that foundations must have full access to all assets under their name.
After a few months, the Swiss board members resigned and the Breitmans were finally able to regain control. Moreover, while all of this was happening, the ICO of Tezos doubled in value. From the original $232 million, it grew to $555 million. All of this happened while traders couldn’t claim a single Tez token because their assets were seized.
In June 2018, the Tezos Foundation released a Know-Your-Customer (KYC) and Anti-Money Laundering (AML) verification for all traders who wanted to access their funds. Then, in July 2018, Tezos cryptocurrency was finally released.
Since then, there have been no major problems with Tezos. As of now, the price stands at $3.78 with a market cap of $3,229,303,699.
Why you should consider investing in Tezos
With thousands of cryptocurrencies available in the market, Tezos is just one of the many options. So, what makes this digital currency worth it and why should you consider investing? See some of the advantages of investing in Tezos below:
To keep cryptocurrencies readily available and easily accessible, software upgrades and developments need to be made.
Tezos can complete these decentralized automatic upgrades with ease. Users can enjoy easy access to digital currency and zero interruptions when trading. This makes for a novel feature that traders can’t find in other cryptocurrencies.
Hard fork elimination
Hard forks usually create branches that direct transactions to old or newer protocols. These need to be resolved by performing software updates and other modifications on the blockchain network.
However, the Tezos blockchain network eliminates hard forks, which means that there are no rapid or radical changes on the blockchain. These hard forks are eliminated with the use of decentralized automated upgrades.
Liquid PoS consensus mechanism
Having a liquid proof-of-stake (PoS) mechanism means that Tezos utilizes delegated nodes. With it, the community votes on who they believe these nodes should be and entrusts them with the responsibility of adding blocks and verifying transactions on the Tezos blockchain.
In terms of the proof-of-stake feature, Tezos is also advocating for a more sustainable means of trading. Compared to the widespread proof-of-work process, proof-of-stake is efficient and does not consume large amounts of energy. Thus, making the Tez token (XTZ) environment-friendly.
Excellent potential for the XTZ token
Tezos has shown great promise ever since the initial coin offering was released. While there were certainly bumps along the way, Tezos is still going strong and could have more in store for the future.
Even though the price of the XTZ token is still nowhere near the likes of Bitcoin or Ethereum, it still shows huge potential. Moreover, the Tez token is always within the top 50 in terms of market cap values, currently at the 42nd spot as of writing.
A strong online community
Last but not least, Tezos is also home to a huge community that supports the entire initiative. This doesn’t just involve the developers, founding members and the traders themselves. The community also consists of scientists, network validators, start-up companies, and even Reddit users.
This may not be considered an official feature offered by the digital currency and the Tezos blockchain network, but its strong online community is something that most cryptocurrencies don’t have.
How to buy Tezos cryptocurrency
The Tez token (XTZ) is easily accessible and can be found in most crypto exchange platforms like Huobi Global, Gate.io, Binance and Coinbase. You can purchase it there and trade with other digital assets and fiat currencies.
On the other hand, you can also buy Tezos using your crypto wallet or your own XTZ wallet. All you have to do is buy XTZ with fiat currency or crypto, finalize the transaction and start trading! If supported on certain mobile apps, it can be easy for you to trade XTZ no matter where you are.
Invest in Tezos and experience the future of crypto!
With all of the innovative features available when trading Tezos, you can have a crypto trading experience like no other. Millions of people all over the world continue to trade XTZ and experience nothing but seamless trading. It’s a great investment if you’re looking for something new and different.
So, level up your trading portfolio and add the XTZ token to your list! Not only does this digital currency offer a lot of promise, but you will experience new features and take part in trading a sustainable cryptocurrency. Get your hands on Tezos today and be part of the future of crypto!
Bitcoin (BTC) $ 63,462.00 5.08%
Ethereum (ETH) $ 4,133.28 0.67%
Binance Coin (BNB) $ 476.43 5.62%
Tether (USDT) $ 1.00 0.03%
Cardano (ADA) $ 2.17 1.31%
Solana (SOL) $ 184.53 8.57%
XRP (XRP) $ 1.11 3.1%
Polkadot (DOT) $ 43.18 3.26%
Dogecoin (DOGE) $ 0.246840 2.3%
USD Coin (USDC) $ 1.00 0.12%
Expand your knowledge and invest in the cryptocurrency industry.