What is Tezos (XTZ) in simple words: history, course and how to buy

Back

2019-08-21 00:00:00:

Tezos electronic currency is a coin with a scandalous history and controversy at every step. The first coin idea was created back in 2011. But the first coins appeared only after 6 years. Tezos idea was to decentralize the system. A completely new generation platform was created, including unique network functions, updated contract execution.

Tezos is one of the controversial projects in the history of digital money . The idea of a cryptocurrency breakthrough with large investments and a team of professionals resulted in regular lawsuits and litigation by the parties. But, despite all the difficulties, the developers managed to take control of the situation and launch the platform.

The article will discuss the most relevant issues related to Tezos. We will try to understand the special fate of this coin.

What is Tezos (XTZ)

Every year , blockchain technology becomes the foundation for various electronic projects related to money. The goal of the developers is one - to accelerate the development of network currencies, to improve existing technologies. This idea was also in Tezos. The coin began its existence in 2014. At that time, the first stage of the ICO was launched and the results were encouraging: as much as $ 18 million was raised at the start of the project. 

Crypt Tezos was originally positioned as a platform for the creation of any decentralized programs. The blockchain of the coin was formed from scratch. The developers did not use forks, rely on existing systems. This is a new product aiming to breathe new possibilities into the crypto world.

A reasonable question arises: "What is the originality of this coin?" Indeed, each new project positions itself as an innovation in the field of electronic money. Users are fed up with praise for newbie projects. But there is no need to rush to conclusions.

The Tezos concept really strongly resembles the famous Ether or Ethereum. An inexperienced client can easily confuse the two systems, unaware of the profound differences. Tezos is fundamentally different in approach and structure from its counterpart. These characteristics make the coin individual, not having inherited "other peoples" developments.

Tezos is a distributed route peer-to-peer network. The currency aims to improve the existing blockchain used in Bitcoin and Ether. The main feature is chain management. Changing the program code allows the blockchain protocol to evolve easily.

The formation of the system is directly influenced by the keepers of the coins. This allows Tezos to confidently dodge a number of hardware problems. Everyone remembers the Ethereum hard fork after a successful DAO attack, or a similar situation with the bitcoin , after which Bitcoin Cash was created .

XTZ is an approximate Tezos token. Currency holders have every right to participate in the development process through a security deposit. Internally, this is called baking. Coin keepers receive regular rewards for their contributions to network expansion, security and speed. Dishonest customers can lose their savings due to the effects of baking.

The developers took seriously the formation of the platforms software filling. A radically new Michelson language was developed. Its task is to conduct a deep formal review of the protocols. The algorithm automatically checks the internal system for critical errors. This allows you to protect yourself from errors in complex calculations, the result of which can be unpredictable.

It is worth noting that formal verification was never carried out on cryptosystems prior to Tezos. The introduction of the code into the sites algorithms made it an order of magnitude safer. Theoretically, the Tezos platform excludes any errors in electronic currencies.

The Tezos digital money system management team consists of several people:

1. Arthur Breitman. He is the founder of the platform. His past accomplishments include working on the Google X research project, Goldman Sachs.
2. Kathleen Breitman is a co-owner.
3. Ryan Jespersen. He is the President of Tezos T2.

Jespersens appearance is interesting enough. In the past, he was a regular investor, hoping for a future platform. When the company was going through hard times, Ryan took an active position, organized press releases, petitions and strongly supported Tezos. Many are sure that it was his efforts that did not allow the site to sink into history. For his work, management offered Ryan the position of president of the company.

The Tezos platform is positioned as a solution to issues with hard forks that can significantly shake the community. This made it possible to unite Tezos clients, to make them a single whole in the life of the system. This can be confirmed by the fact that at the ICO stage in 2017 it was possible to raise more than $ 230 million to launch the site. Investor confidence in the crypto world is very important.

During this period, the organizers of the idea made a mistake - there were no limits on coins. This played a bad joke: the number of buyers went out of reasonable limits, the system did not start in any way. The situation ended with massive visits of investors to the courts. Only a year later, the world saw a test version of the Tezos platform.

The crypto gradually split into two subsystems: Tezos and the nTezos fork. This arrangement violated the original concept of currency. This presented investors with a choice: to stay on the blockchain, but disclose personal information to the platform and the regulator, or switch to nTezos for further confidentiality.

Tezos has three main layers in its structure:

• network level;
• operations;
• consensus.

The three layers have a new modular structure. It makes it easy to update or make changes to the system. It is enough to replace the required module without stopping the chains.

Coins are mined using the PoS protocol. The method is less demanding on equipment resources, effectively maintains consensus in peer-to-peer networks. The method manifests itself in practice more completely than that used in Ether and Bitcoin PoW. For the Tezos mining procedure, the name baking or baking is firmly entrenched.

Virtual currency inflation is pre-set at 5.5% for the year. An incoming block is fixed by one person, and then a check by 32 participants follows. Each client will be able to transfer their coins to the miner, who will create a block for a certain reward.

Commission fees on the Tezos platform are not a prerequisite for the operation. The user can be presented with orders with a zero rate. But there is an important point here: when the currency network is overloaded, miners will give priority to transactions with high fees. If the client has made a transaction with zero percent, he will have to wait in line for his order.

History of cryptocurrency

The history of Tezos begins in 2014. It was written by Kathleen and Arthur Breitman. The pair owns a programming firm DLS. The Tezos Foundation, an investment fund from Switzerland, plays a significant role in the platform. Its manager, Johann Gevers, handles the companys monetary affairs.

The currency began to gain massive popularity in the summer of 2017. At that time, an ICO was taking place, which raised a large amount of investment - about $ 230 million in 14 days. Contributions were accepted in cue ball or air. Numerous hedge fund sponsors actively supported the development.

Problems were not long in coming. Constant court hearings, change of leaders, huge fines on suspicion of fraud did not leave Tezos alone. The fate of the currency hung in the balance, and many clients were enraged by this.

ICO and the struggle within the site

The ICO procedure was carried out two times. For the first time, the developers managed to raise more than $ 17.5 million. The project was at the stage of formation, the first ideas were just beginning to be brought into a normal form. The second ICO gave a great return and became the most profitable in the history of project sponsoring by this method.

Tezos managed to raise over $ 200 million in just 2 weeks. At todays exchange rate, this is almost $ 600 million. Users from all over the world have been actively investing in the new project. This is largely due to the competent marketing policy.

The ICO of the Tezos coin was distinguished by the fact that before the fundraising, the site already had the first version of the cryptographic system. Experts noted its uniqueness and revolutionary nature. Most of the business remained with the PR team. The funds from the fees are kept by the Swiss company Tezos Foundation. 

The gradual development of the platform has muted the attention of the developers. No one could have foreseen the problem that was lurking in terms of investor participation. According to the protocol, they could not perform any actions with the Tezos token for 4 months after the end of the ICO. Time passed, and the presentation of the finished system did not occur. The development team assured the clients that the work would be completed in just four months. Investors expected the platform to come out and the price of coins would naturally increase.

But Tezos did not appear, and the price of XTZ remained suspiciously the same. In addition, there was a surplus of traded coins in the market, which overwhelmed the network. Investors are caught in a dangerous trap.

The situation gradually turned into an unregulated one. The Brightman set up a fund for the company to control the funds. This is a normal step used by many crypto units. Storage location - Switzerland. The country was not chosen in vain: there is a normal economic background. But the Brightmans did not take into account the fact that the funds board of directors has full access to the platforms assets. The result is obvious - a lot of lawsuits to compensate for losses, negative mood of investors. 

Fund manager Gevers quickly isolated the pair of founders from the funds raised due to loss of trust. The Brightmans began to fight back. They were able to get the master system code back to DLS. But finance remained inaccessible to them.

Investor users have also experienced difficult times. The money invested was blocked, and it was impossible to carry out any operations. XTZ traded in the $ 1.60-4.40 range, but depositors could only count on the Tezos exchange via IOUs.

Restoring control and influence

The board of directors of the Tezos foundation has experienced significant changes. Several months of fighting against Gevers place in office led to his joining the new leadership. But in this position, he did not last long. At the end of winter 2018, Gevers and a number of directors left their positions.

This period was marked by a victory for the Brightman couple. Control over the company and assets of the Tezos platform. All network participants held their breath and began to wait for the long-awaited start of the project.

Quiet period

During the return to power, the Brightmans issued a statement that the Tezos Foundation was ready to launch and further fund the system. They promised to distribute tokens of a new virtual currency to each depositor. The promise turned into silence from the developer. For several weeks the Brightmans did not communicate with members of the network. This met with great customer dissatisfaction. Their funds grew and reached a 2-fold increase, but access to money was still closed.

Nakala added information about the departure of the part of the team serving the system. They simply did not have the means to pay for labor. But the situation has gradually stabilized. It took about a year to launch the first test version of the network. From this point on, investors began to receive their coins.

Condition for depositors

Unpleasant news greeted investors in the summer of 2018. Tezos has declared its support for anti-money laundering and is forced to follow the established procedure. For the holders, this meant one thing - confirming their identity when receiving tokens.

The company announced the introduction of KYC / AML identification, which has become common for most blockchain developments. According to executives, they value the privacy of each client, but changes in the crypto market are forcing them to take such a step.

Arthur Brightman categorically denied any involvement with this rule. Investor verification was not agreed at the ICO stage.

The final stage was the introduction of a deposit verification system into the platform. Investors can use it at any time, without much difficulty.

The Tezos Foundation has launched an investor identification tool that they can use at any time. But this formation was accompanied by unpleasant news: the token significantly lost positions and the value of Tezos fell. Users began to sell their coins in the hope of returning at least part of their investment. 

Distinctive features of Tezos from other cryptocurrencies

Electronic unit Tezos is characterized by the following features:

1. Ocaml language. The platform is written mainly in this type of encoding. The advantage is that only parts of the protocols can be verified. But the language is quite rare and unpopular, which makes it difficult to quickly implement changes.
2. Tezos developers did not borrow the virtual machine from Ether. Instead, Michelsons own algorithm was developed. This distinguishes Tezos from most of the cue ball clones that work predominantly with a similar core.
3. Layer-by-layer update of protocols. The platform implements three modules working in pairs: network, operational, consensus.
4. Proof Of Stake or POS confirmation. A significant difference from the cue ball and from other crypto signs. The algorithm speeds up the verification of operations, reducing decision-making time. Not all bakers in the network participate in the confirmation, but only a certain part with the appropriate permissions.

To approve a specific block, the delegate needs to give the deposit part. It becomes blocked for a certain time and is returned to the client, paired with a reward. For block mining, the amount is 512 coins, and for approval - 64.

Crypta Tezos is positioning itself as a commonwealth of the new digital age. It is a group of people who are connected across a network by a chain of operations, interests and goals. Tezos policy is aimed precisely at making important decisions by the entire board of the platform. This approach is not new in the practice of the crypto community, but in this currency it was able to be realized to a greater extent.

Many experts do not in vain compare Tezos with Ether. It is an alternative to the existing network protocol for secure contracts. It is able to provide a solution to most of the important problems present in Bitcoin and Ethereum. The peculiarity lies in the fact that Tezos can independently update the chain without the participation of a hard fork. The code will be corrected automatically. The Tezos cryptocurrency was the first to implement this method.

The founder of the Polychain Capital fund noted that Tezos is a currency that is directly managed at the protocol level. This is an unusual experiment in the world of digital money that has great potential. By the way, the fund has invested in the development of the crypt and is interested in its technologies.

Michelsons custom smart contract language is designed to reduce the hardware load during formal validation. The process is purely logical. Based on complex algorithmic structures, the correctness of the code is checked. Formal verification is widely used in the space industry, where the cost of a software kernel error can be immeasurably high.

A characteristic feature of the Tezos coin is the deposit of security deposits. If users want to change the system code, they will have to pay a certain amount. As practice shows, hard forks are undesirable for network participants, since they introduce conflicts. This leads to an increase in crypto volatility. Note that Ether has twice implemented a hard fork on its platform. The most serious is the embezzlement of about $ 60 million from the DAO. The situation led to the formation of a second chain and a new coin - Classic Ethereum. It includes clients who disagree with the cancellation of the ICO DAO ether.

A conflict arose within the crypto platform, threatening a serious split in the cue ball chain, the formation of several branches of Bitcoin. This will lead to an inevitable fall in the capitalization of money. Additionally, hard forks make settlements more difficult due to sharp surges in asset value. For this reason, the Tezos team plans to remove their use in their network.

An important feature of the platform is the consensus code algorithm. In this direction, the developers did not apply the methods of Bitcoin. The process is planned to be translated to part delegated confirmation or DPoS. Verification of orders, operations are performed not by all participants and creators of blocks, but only by those authorized by the system. The holders of Tezos tokens also reserve the right to participate in this process. This will give a big increase in the speed of operations and their stability. A similar solution is used at the EOS site.

The main focus for developers remains on-chain security. Ethereum, with all its efforts, cannot boast of a decent level of transaction protection. There are a number of cases of freezing of operations, theft and the fall of chains. Because of the applied innovations, Tezos is often referred to as "Blockchain 3.0".

How Tezos works

The platforms functioning methodology is similar to the principles of other networks. The novelty lies in a radically different approach to making changes to the blockchain chain.

The client offers to make edits or updates to the algorithm in the coin code. An invoice is sent, which, with a positive decision of the community and the activation of changes in the network, is paid by XTZ. This solution has two important advantages:

• direct reward of developers for their services;
• decentralization of the process of maintenance and modernization of the site.

The tokens on the developers account allow you to immediately receive compensation for the services performed. There is no need for corporate sponsors, financial investment organizations that can make their own rules. Everyone works on what interests him and gets rewarded.

Mathematical formal proofs are used to keep the chain unchanged throughout the renewal period. Tezos can develop at a fast pace while keeping its form of government unchanged.

Rewards are placed directly on the blockchain. This accelerates the introduction of new features, encourages network participants to search for internal defects in the algorithm. Any token holder can place a reward amount.

Talking about the principles of work, it is worth noting that Tezos is the first to be equipped with an automatic code update system. This eliminates forks and hard forks. Thanks to the design features of the algorithm, Tezos retains its individuality, separateness and general structure.

The network streams of the platform should be mentioned separately. Due to them, the functions of the platform work an order of magnitude faster than other options for electronic platforms. The introduction of new developments, including significant changes in the code and algorithmic structure, is carried out with a minimum waste of time. For the user, this means one thing - maximum stability, speed of operations. Comparing this method of cooperation with other systems, it is obvious that it is an advantage for clients, developers or investors.

Advantages and disadvantages

The advantages of Tezos electronic coins include:

• a unique approach to the creation of blockchain chains;
• the problem of the formation of hard forks has been solved, which allows you to use all your efforts to develop only one project;
• transparency, flexibility of the platform;
• a high level of investor confidence, a positive attitude towards the site among users;
• safety and security of the platform due to the use of the PoS protocol;
• smart contracts allow the system to scale continuously.

It is worth noting the powerful team of specialists involved in the maintenance of Tezos throughout the entire period. Initially, the idea was not a simple format, but the merit of the staff lies in the ability to get out of any situation. This approach made it possible to introduce completely new functions and concepts that were not previously used in the crypto world.

The idea was not without a number of disadvantages. What are the mistakes of manuals in the early stages of formation, which led to the inhibition of the project for years. Lets consider them in more detail.

Criticism towards top officials

Negative emotions poured on Tezos all the time. On the one hand, a startup must develop immunity to criticism. The list of the main commentators was headed by such famous persons as Vitaly Buterin, Vlad Zamfir, Dean Eigenman. The main complaint against Tezos is the dubious idea of the site. Indeed, the system gives every member of the network a vote. But the lack of interest of customers and the concentration of coins in specific persons can lead to weak efficiency of the entire site. This will be especially noticeable in those situations where the cue ball, ether and other crypt have already been burnt.

It will be fair to believe that no single management system can provide and satisfy the needs of each participant. This is a normal practice on multiplayer networks. A certain decision is made, and the audience begins to resent. The outcome of this behavior is the same - the unification of dissatisfied participants into separate groups and the formation of forks.

Minor differences from Ether

Tezos can be viewed from different angles, but its similarity to Ethereum is definitely felt. Some experts are of the opinion that the management and self-correction functions cannot be considered cardinal improvements of Ether. There is a clear advantage on the Ethereum side: apart from the DAO incident and the embezzlement of investments, the coin was not seen in any serious defects or work decisions.

Tezos is actively promoting ideas for algorithmic improvements PoS, a formal verification language. But Ethereum is already working on these innovations. Tezos has little time left for the championship. The Casper language on the air is already on its way to connecting to the main platform. For a virtual machine, there are also no significant obstacles to updating the code. Any advantages so eagerly promoted by Tezos are easily applied on Ether. It is not clear what the developers will do after the Ether update.

Only one fact remains clear: without a powerful innovation, which would significantly distinguish Tezos, the currency will not stay afloat. The coin will have a hard time competing with the ether. In addition, Tezos has to compete successfully with Ethereum peers, which is not easy.

Mining Tezos

Unpleasant news for users who decided to mine these coins. The usual methods, like ASICs or GPUs, do not work here. Tezos implements a different POS algorithm rather than POW, which is suitable for this method. For this reason, you will have to change the classic software and adjust the hardware to the peculiarities of this crypt.

The process of mining coins is called baking or baking. This is the DPoS protocol consensus or delegation of proof of ownership. The system is considered to be more advanced and cost-effective compared to Bitcoin POW.

An important concept in mining Tezos coins is delegation. This is the users right to transmit voice to other network participants. A client who has XTZ tokens, but does not plan to start a node, can transfer them to the miners. For this, a person will receive a certain reward.

Organizing a node doesnt seem too difficult:

• Intel based CPU, preferably powerful
• RAM from 8 GB;
• sufficiently high-speed hard drive;
• Linux system.

In addition to the node itself, you will need to make a deposit of 512 XTZ. If you are a bona fide member and do not engage in fraudulent schemes, funds will be returned in 2 weeks.

It is worth noting the concept of Endorsign - blockchain confirmation. The function is used to receive additional reward, which is up to 2 coins. To realize the opportunity, the client will need to pay another insurance fee - 60-64 XTZ.

For Tezos, backward incompatible changes were introduced for the first time. This happened after the public vote. Self-healing of the Tezos platform began in the winter and was named Athens A. The implementation reduces the number of tokens (rolls) required to become a full-fledged baker. The required amount is 8000 XTZ instead of 10000. The baker is similar in functions to the miner in the cue ball networks. But other algorithms other than POW are implemented here. These users are responsible for the formation of new chains, verification of client operations.

Athens, in theory, increases the range of mathematical calculations for the coin chain. This allows you to significantly add to the computing capacity of the entire network.

What will the reduction of the deposit fee give to bakers? If a baker has 16,000 coins and only 10,000 becomes per stream, then after the update the balance will be equal to two rolls. The lower this value, the easier it is for beginner miners to move forward. No high computing power is required for gradual development, the baker can do business on existing equipment.

How to buy or sell Tezos?

Tezos is a fairly young digital currency . Obviously, most exchange offices at this stage are just eyeing the crypt, being wary of unexpected surprises from the developers. As history shows, such precedents have already taken place in this crypt. 

Tezos coins can only be bought on certain cryptocurrency marketplaces. Coins are rare on minor exchanges. Its volumes are strictly controlled, preventing customers from entering massive amounts of coins.

Tezos is listed on one of the largest trading exchanges, Kraken. The currency is in demand for HitBTC, Bitfinex. It should be noted that more than half of the orders involving the coin come to Gate.IO.

Those participants who are interested in the most optimal sales conditions can pay attention to:

• WazirX;
• OceanEx;
• HitBTC.

Considering the average indicator in the range of 1% of the weighted average price of a coin, we recommend paying attention to the following exchanges: Huobi Global, KuCoin, Bitrue, BitMax, Bitfinex, CoinEX.

Tezos to ruble rate

The value of electronic money in relation to the fiat ruble has always been difficult to predict. The reasons are quite simple: regular pressure on the Russian currency, inflation indicators, imposition of sanctions. Because of these features, the ruble is quite sensitive to the digital world. Given the rather high volatility of the crypto, it is very difficult to predict the future course of Tezos .

The current position of the cost is as follows: 98.34 rubles. for 1 XTZ. These Tezos prices against the ruble are given at the time of this writing.

Tezos to dollar rate

USD is stable both in the world of fiat money and in the world of crypto tokens. The dollar owes this feature to a powerful economy and great interest from users.

The current rate of Tezos to the dollar is $ 1.5 per coin.

Tezos to Euro

The European currency is not going to give up positions against the US dollar. The current exchange rate is € 1.26.

Where to store Tezos

The issue of crypt storage is relevant for every user. A mistake can cost a fortune. For this reason, options must be carefully selected and weighed.

There are several ways to organize a coin storage:

1. Wallets on personal computers. A fairly common method among novice clients is GalleonWallet. There is support for all possible security options. But dont forget about the risk of attack and hacking. The software is available for all operating systems.
2. Server storages. Remote storage method. The owner only needs to enter a username and password to gain access to the money. The storage standard is TezBox. The security is at the level here, a regular computer with network access cannot be compared with server equipment. But these vaults are a tasty morsel for scammers. There are many known cases of phishing spoofing of official websites. In this way, hackers gain unlimited access to depositors money.
3. Wallets on mobile devices. A fairly fresh method, which is popular after the active introduction of smartphones and tablets. Functionally, the storage principle is very similar to that of personal computers. But most of the computation is done by the host server. A good option for storing Tezos is TezosWallet.

Vault locking is a fairly common phenomenon in the world of cryptography. In dangerous situations, the resource simply denies access to the wallet, including the owners. It sounds unconvincing: any blocking does not guarantee the isolation of funds from hackers. To some extent, this even makes it easier for them to access. Having lost control of Tezos coins once, there is a high probability that you will never see them.

A relatively professional way of storing funds is currency exchanges. Here, the developers try to maximize the isolation of money from day-to-day operations. But a potential investor should remember a number of points:

• presence on the market of one-day exchanges that are trying to attract and collect the maximum capital in order to disappear forever;
• the likelihood of a decrease in the reliability of the trading platform, its bankruptcy;
• raids of hackers on the exchange servers.

The latter option does a lot of harm even to progressive platforms. In the event of a loss of control, the company will compensate customers for losses at the expense of other users. For this reason, you should be prepared for the loss of part of Tezos.

An important rule must be remembered: before entrusting your coins to a remote site, you should carefully study its rating and user reviews. Only trusted exchanges will be able to provide a decent level of client protection and privacy.

How many Tezos coins are there in nature?

At the moment, the total number of coins issued is over 660 million coins. In percentage terms, this number is 82%. Electronic currency smoothly reaches its maximum. But the developers have foreseen how much Tezos is optimal for the network and slows down the uncontrolled mining of coins.

The maximum number of coins provided by the Tezos algorithm is 801312600. Upon reaching this threshold, mining will stop, and the system will turn over at the expense of existing money.

Cryptocurrency emission

The current issue of the digital platform is about 800 million XTZ. It should be noted that about 150 million coins are in the reserve of the platform itself. They have been taken out of circulation, direct access to them is closed. The owners of this amount are the companys developers.

A distinctive feature of Tezos is the absence of an upper emission ceiling. The platform owners explain this step by the need for free receipt of coins by any participants. On the one hand, the decision to limit the monopoly on the part of large corporations. In contrast, no one can guarantee the uncontrolled emission of coins.

Experts note that Tezos emissions directly depend on its use. If the client wants to endow his coins with real value, and not with imaginary figures of value, then his stock must be large. Otherwise, the execution of orders will become impossible due to the physical lack of coins. It is not promising to include an additional number of new coins into circulation at this stage. There is a great risk of uncontrolled emission with a natural collapse of the price.

On the other hand, a reasonable inclusion of funds in circulation does not greatly affect volatility. This is perfectly visible on other crypto signs. At one time, Cardano and NEO experienced approximately the same value loss. But the issue of the first was at the level of $ 27 billion, and the second - about $ 66 billion. This proves the reality of the statement.

With any expert assessments, the fact remains unchanged: how the decision on the unlimited limit will affect the further fate of the platform is unknown.

Providing Tezos

As in other cases, Tezos is not physically secured. The reason for this is simple: clients make transactions, operations in cryptographic signs. The currency itself is backed only by a mathematical algorithm, on the effectiveness of which the further fate of the entire platform depends.

Arithmetic codes predict a clear future - only a certain number of coins can see the light. Users cannot change this figure. The main thing is what is in the code. This is the paradox of the virtual world.

With classic money, everything is simpler: it is backed by a human resource. The crypto only exists because of the hardware. The computer will not listen to human behavior, market conditions and other concepts. This ensures controlled dosing of new Tezos into the network.

An important factor is the reinforcement of virtual money by their need. Tezos has exactly the price for which customers are ready to draw up a smart contract. In this situation, external influence is practically excluded. Only large-scale situations at state levels can change the development of the system.

Lets make an intermediate conclusion: emission controlled by hardware and software is more stable for the cryptographic market than human. Regular withdrawal of part of the coins and the addition of new ones slows down the natural aging processes of Tezos, giving it practical significance.

The future of Tezos cryptocurrency

The question of the future of Tezos coins remains open to most of the network participants. Some clients predict that the platform will be promoted to the TOP 10. In practice, this process can take years. Lets remember the natural similarity with Ether and what Tezos needs to bypass it.

The rest of the users were divided into two camps:

• those who predict the inevitable bypass of such monsters of the crypto market as Ether and Bitcoin:
• experts predicting a sharp collapse.

Do not forget about the colossal number of lawsuits against the developers of Tezos. This is the threat that the company will have to return more than $ 230 million to investors. This situation could not pass by the US regulators, which led to their interest. The Supervisory Commission put forward a condition - mandatory identification of all depositors.

This state of affairs is fraught with the formation of forks, which the platform fiercely opposes. Initially, her ideology was directed against this phenomenon. Users and investors will have to make a choice: stay on the Tezos network and sacrifice privacy, or switch to a fork while maintaining privacy.

The technical implementation of the platform also raises a number of questions. The beta version is already a significant step, but this cannot be called an achievement in the crypto world. A test site can represent a distraction of investors attention from real problems. The frank silence of the Tezos team adds to the unknown. There is still no clear development strategy and plans for this site.

Despite all the claims, professional analysts see potential in this currency. The significant collapse initially failed to stop the project. Moreover, the price has consolidated in a stable area, without tangible losses. Given the positive sentiment of depositors and token holders, Tezos has every chance of further growth. He cant keep up with Bitcoin yet, but the future of Tezos is bright enough, as is the future of cryptocurrencies in general.

In the long term, cooperation with the platform is of interest. The company will have to settle the moments associated with the dashed hopes of the investor at the start. Additionally, full-fledged work with the site is impossible without a well-debugged system. If the owner company listens to the wishes of its users, Tezos has every chance to break into the TOP of crypto platforms.