Tezos news brought to you by Crypto Insider will keep you updated on the latest events taking place in the world of the self-amending cryptocurrency and its underlying smart contract-enabling and dApp-friendly protocol. Launched in 2018, Tezos is designed to receive network upgrades without suffering splits through a self-correcting protocol, and also makes use of on-chain governance to achieve its goals for stability and predictability.
Utility token XTZ has raised $228 million in ETH during its 2-week ICO in July 2017, and is generated through baking: a process where holders stake their coins, validate the creation of new blocks, and then have their honesty validated by witnesses. The system is designed to encourage correctness on behalf of the participants and severely punish the dishonest bakers. Currently, more than 83% of the 793 million XTZ supply has been issued.
Developed by former Morgan-Stanley analyst Arthur Breitman, Tezos aims to become and "Ethereum killer" by allowing a simpler governance model, creating a more predictable monetary policy, and introducing a set of developer advantages which include the object-oriented language Ocaml.
In a nutshell, Tezos is light, unique in its design, ambitious in its scope, and valuable for the market of protocols which enable smart contracts and dApps. It's not just another Bitcoin fork, it's very different from Ethereum and its clones, and it tries to bring solutions from a different angle.
Crypto Insider will keep you updated with the latest Tezos news by publishing articles about protocol upgrades, significant partnerships and network events, as well as XTZ price action.
Bitcoin looks for a potential breakout as Tezos lists on Kraken exchange, Ethereum blockchain upgrades are not yet ready, TRON partnership details, and stablecoin news floods the market. Here's today's action!
Tezos announced the largest ICO to date, raising $232 million worth of bitcoin and ether. The ICO craze continues to march ahead at full speed, with no sign of slowing down. More and more firms are looking at the ICO sector as a promising alternative to traditional funding.