TEZOS …A Self-Amending Crypto-Ledger
❇️what is tezos?
Like Bitcoin and Ethereum , Tezos is a decentralized ledger that makes use of blockchain technology. Like Ethereum , Tezos is designed to make use of smart contracts. The term “Tezos” is ancient Greek for “smart-contract,” according to the developers. However, Tezos goes beyond previous offerings.
Tezos is a blockchain platform that supports smart contracts and dapps, based on the idea of a digital commonwealth, in which governance is democratized in an efficient and sustainable manner to avoid costly hard-fork scenarios.
In 2017, the Tezos ICO raised $232 million in BTC and ETH, making it one of the largest ICOs in the industry. Based in Switzerland, the Tezos Foundation spearheads efforts to support wider adoption of the protocol.
Within the network, XTZ is the token used for all operations. With the incorporation of features such as Liquid Proof-of-Stake and on-chain governance, throughput is traded for a higher level of decentralization.
Tezos relies on Liquid Proof of Stake (LPoS), with full support of Turing-complete contracts. In the Tezos network, block generation is referred to as baking while validators are known as bakers.
The XTZ is on the $ 2 support line and has fallen in the last few days, and I expect it to fall again with increasing sales pressure and fall to the next support and go back to the bull in a few days and week…
👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.