Tezos

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What is Tezos ?

Tezos (XTZ) is a network of blockchains integrated with a digital cryptocurrency known as Tez or Tezzie. It is a decentralized ledger that uses the blockchain network to exchange and transfer private data. Tezos was initially developed to promote smart contracts. It directly allows the token holders to control the network rules with the help of smart contracts.  

Tezos is rapidly evolving along with the blockchain network requirement. It provides excellent flexibility, allowing it to adapt to different network rules and inherently grow in the market. It does not allow any mining of its token, Tez. However, the token holders are rewarded while actively participating in the proof-of-stake generally agreement policy.

Primary features of Tezos

• It is backed by a digital token that is integrated with its blockchain network. 
• Proof-of-stake agreement policy provides a passive earning source.
• Provides better control in the staking policy for its token holders.
• Provides better return as it develops chances of gaining incentives through staking.
• Uses better algorithms and mathematical calculations for better analysis and assessment of the market trends. 
• Stakeholders have the benefits of making decisions on a whole, which eases the upgrading of policies and stakes.
• The blockchain remains throughout the entire network.

Is Tezos a promising cryptocurrency?

The Tezos cryptocurrency is considered a good investment. It is regarded as a very stable currency that will be beneficial as a long-term investment. According to market prediction, if the token Tezos maintains a steady rate, the prices are believed to reach $100 by the start of 2030. 

The bearish and the bullish trends also state that the market for Tezos is very stable and presently moving along with the market. Therefore, investing in the tokens of Tezos could be beneficial in the future.

How to use Tezos?

The Tezos coins are tied to the growth rate of Bitcoins and other similar digital currencies. Therefore, it has all the features of the crypto market and allows its users to take control of the up-gradation process actively. You can use them in the following ways:

• Exchange: It can be used easily to exchange currencies and share tokens to be exchanged better.
• Investment: According to the recent trend, Investing in XTZ tokens will be stable and profitable.
• International Transfer: Transfer funds and digital currencies all around the world, without any levy charges.
• Online payment: It can be used to pay online bills and as a payment method on different e-commerce platforms.

Pros & Cons of Tezos

Pros

• Proof-of-stake agreement policy allows the users to control the up-gradation of the stake.
• It is being considered as the leading crypto which is highly valued in the staking market.
• The XTZ token is highly stable.

Cons

• The issuance of the token is delayed. 
• It is regarded as an immature network chain, which might react adversely when subjected to a broader market.

Trade Tezos on CoinSwitch

• A small amount of only Rs.100 is required to start investing in Tezos. 
• It allows the user to exchange currencies easily.
• No processing fees are attached to the currency exchange.
• There is no lock-in period.
• The best available price in the market will be used. 

Tezos ICO summary

The ICO for Tezos (XTZ) was not very successful and ended in July 2017. The price of the ICO was limited to $ 0.47 and was only available to US citizens.

1 BTC to INR1 ETH to INR1 DOGE to INR1 LTC to INR1 MATIC to INR1 TRX to INR1 XRP to INR1 Shiba Inu to INR1 MANA to INR1 USDT to INR1 BCH to INR1 ADA to INR

FAQ's on Tezos

• Who is the founder of Tezos (XTZ)?

Kathleen Breitman is the founder of Tezos (XTZ).

• What is the market cap of XTZ?

With a circulating supply of 855,232,428 XTZ coins, XTZ has a market capitalization of $2,808,364,351.

• What is the Tezos coin price?

The Tezos coin price is currently situated at $3.28.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.