Thanks to its developing capacities and strong structure, it is part of the most important networks in the world. cryptocurrencies. However, is it a good investment for 2023?
Crypto Tezos: popular and promising blockchain
So they developed a mechanism to resolve these limits and proposed an ultra-scalable network so that facilitate the work of developers Dapps in its ecosystem.
These promises are facilitated by the structure itself blockchain based on consensus e Proof of stake Liquid which includes the work of “Bakers”, the equivalent of validators. Bakers undertake to validate transactions and contribute to the security of Tezos.
They also participate in the evolution of the network thanks to a structured system of governancesimplified and open to all bakers.
This optimized mode of governance represents the very essence of the evolutionary aspect desired by Tezos.
Depending on how it works, each reviewer may submit development proposals or changes. These are then subjected to several stages of voting which determine their approval or not.
The steps for validating a proposal are spread over a defined period of about 22 days, i.e. 8 cycles. A cycle represents a duration of 2 days, 20h and 16min.
This allows that blockchain to consider a major or minor self-evolution every month according to a collective decision.
To encourage bakers to propose quality changes, they receive symbolic rewards XTZ when they are adopted and implemented in the network.
What advantages does the crypto Tezos offer?
This growing popularity is also fueled by the countless qualities that this network has.
First of all, Tezos claims to be one of the first blockchains to address the energy consumption they require.
So, from this point of view, Tezos has two very distinct advantages:
This increases its popularity among investors and neophytes who are reluctant to invest in crypto, such as Bitcoin.
The latter are in most cases individuals with few marks or uninitiated users in the working techniques of a baker.
Thus, at the end of each cycle (every 2 days 20 hours and 16 minutes), bakers and delegates distribute a portion of the generated tokens. Currently, Annual April of standing up tez reached 5.34%.
They also receive the most important security. This represents a guarantee of quality and a certain advantage for the users of these applications.
What future for Tezos blockchain in 2023?
All these advantages work in its favor Tezos and to the future is certainly positive.
The latter develop their market share by participation in sporting events and signature some partnerships in this sector.
For several years, Tezos acts in the same way and multiplies partnerships in the world of sports and e-sports. Manchester United, F1 RedBull and Team Vitality are part of the teams that display the name of blockchain as the main sponsor.
it visibility adds popular value to this blockchain which already has a relatively strong community of fans.
At a time when most countries want to enter the digital currency race, Tezos therefore it can be part of preferential networks for this purpose.
There are no shortage of projects for Tezos which recently launched its first side chain Marigold.
He is also working on a “Privacy” project. which will make possible the transition to anonymity of all desired transactions. This evolution must use the proof of zero knowledge (zk-SNARK).
The governance system should also see improvements in the coming months.
Even if he is still far from being dethroned Ethereum, Tezos can quickly become one of the most prominent platforms in the crypto universe. This would allow him mark to reveal its full potential and begin rapid growth.
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