Tezos Review: Why XTZ NEEDS your Attention!

► Complete Review: https://www.coinbureau.com/review/tezos-xtz/
► Best XTZ Wallets: https://www.coinbureau.com/analysis/best-tezos-wallets/
► Tezos Board Reorganized: https://www.coinbureau.com/news/tezos-board-reorganized-controversial-members-replaced/
► 40k in Exclusive Promos: https://www.coinbureau.com/promo/giveaway/

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⏰ Time Stamps ⏰

1:00 Introduction
1:50 How Tezos Works
3:14 Main Tezos Features
4:14 Tezos Consensus Mechanism
6:32 Smart Contract Development
7:45 ICO & Native XTZ Coins
8:47 Tezos Team & Infighting
10:49 XTZ Markets & Wallets
11:35 Conclusion

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⛓️ ? Helpful Links ? ⛓️

► Website: http://tezos.com/
► Foundation: https://tezos.foundation/
► Whitepaper: https://tezos.com/static/white_paper-2dc8c02267a8fb86bd67a108199441bf.pdf
► GitLab: https://gitlab.com/tezos/tezos

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?️ Socials ?

► Official Blog: https://medium.com/tezos
► Tezos Chat: https://riot.tzchat.org/
► Telegram: https://t.me/vechain_official_english
► Stack Exchange: https://tezos.stackexchange.com/

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? Project Overview ?

Tezos is a blockchain built from the ground up. It wants to create a blockchain that allows for smart contracts like Ethereum, but it has its sights set on being future proof and secure, with a community-driven, decentralized consensus method.

It is a self-amending ledger with on-chain governance. Self-amendment helps in upgrading the blockchain without undergoing a hard fork.

Tezos is designed to offer safety and security within smart contracts. With its native smart contract language, the project boasts the type of communication often used in more critical markets.

The project also offers long-term upgradeability with its formal upgrade and modular architecture mechanism.

⚙️ Technology ⚙️

Tezos uses a unique consensus mechanism. The project developed its own version of the delegated Proof-of-Stake model, which it calls Liquid Proof-of-Stake or LPoS.

Through this model, owners of Tezzies can delegate the rights to verify transactions without transferring ownership of the coins. Instead of requiring a fixed delegate group that produces blocks to achieve consensus, Tezos make delegation optional.

Tezos’ LPoS model allows for users to delegate their baking rights as well. Baking is not required, and is simply an option if users don’t want to participate.

Liquid Proof of Stake allows the Tezos network to process about 40-50 transactions per second.

For developers, coding on the Tezos blockchain, it uses Michelson which is a low level language that manipulates the stack. For those devs who want a custom compiler – they can use the Liquidity language.

Tezos will also release the LIGO programming language which was custom built for Tezo’s layer two scaling solution.

?️ Token ?

The Tezos ICO took place in July of 2017, raising $232 million USD. At the time, Tezzies were sold for 47 cents a piece.

Tezzies are an important part of the Tezos ecosystem as they are used to economically incentivise the bakers who protect the network.

Tezos typically ranks in the top 20 of all coins on CoinMarketCap and these Tezzies were assigned the XTZ ticker on the exchanges.

There is currently a total Tezzie supply of just over 801 million, with a bit over 660 million in circulation.

?‍?️ Team, Partners & Development ?‍?

Tezos had its start a few years ago in 2014 when Arthur Breitman published two whitepapers pointing out Bitcoin’s defects and outlining Tezos.

The Tezos foundation is a Swiss Non-Profit and is an entity designed to support the Tezos ecosystem and protocol. The foundation’s current president is Ryan Jespersen.

Another really important backer of the Tezos project is Tim Draper. For those who don’t know, Draper is perhaps one of the most prolific venture capitalists in the crypto space.

? Trading & Wallets ?

XTZ is a pretty popular coin among traders and does well over $20m in daily trading volume. It is listed on a number of exchanges including Binance, Coinbase Pro and Okex.

It does over $1m in volume on each of these exchanges which is great for broader liquidity and price discovery.

There are several wallets that support Tezos. If you are looking to bake your coins and help secure the network then you will probably use one the likes of a hardware wallet or the Tezos command line.

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? Disclaimer ?

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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Tezos Review: Why XTZ NEEDS your Attention!

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Kane Dane