The crypto-market never ceases to amaze: new cryptocurrencies, the emergence of stablecoins, blockchain systems are improving and transaction processes are accelerating with the speed of lightning. However, there is already a permanent pool of cryptocurrencies with greater credibility — Tezos can safely be called one of them.
What is Tezos coin? The main difference from other classic blockchain systems such as Bitcoin or Ethereum, Tezos does not use the mining process, and the task of recording and confirming transactions rests with random token holders. In 2018 the audit company Least Authority conducted 5 system checks and they did not find any new vulnerabilities as it was mentioned in a protocol, but still, there are some drawbacks in handshake procedures. So, what is the future price for Tezos coin in 2020 or will such a token exist at all in 2025.
What is Tezos and how does it work?
Tezos is a unique blockchain created by developers from scratch. It is not based on the code of one of the pre-existing blockchains, that is, it is not a cryptocurrency fork or an additional level for any of the existing blockchains. The stated goal of Tezos is deceptively simple: developers create a blockchain that can become a springboard for innovation and at the same time devoid of the risk of hard forks that can divide its community.
Like Ethereum, Tezos will allow you to work with smart contracts. Tezos is going to create a technology that will work better than existing leaders in the face of bitcoin and ether. Tezos coin mining is called baking. Developers have already created a network that today requires less computational load, less involvement of miners (in Tezos they are called “bakers”), while maintaining a high level of security based on the delegated proof-of-stake (DPoS) consensus mechanism. With Tezos, users receive rewards for helping to maintain consensus on the blockchain. It also has a mechanism that allows the token holders to effectively manage the blockchain and implement advanced solutions into it. A management system is one of Tezos’ main competitive advantages.
The developer suggests changing or updating the Tezos protocol. Together with him, they can send an invoice, which, if the community approves the update and its implementation in the next network update, will be paid by XTZ tokens. This system has two advantages: it encourages the participation of developers in the improvement of Tezos and allows to make the process of network maintenance and development decentralized.
The crediting of tokens to the developers’ accounts after the approval of the changes proposed by them allows you to immediately pay compensation for the work they have done. They do not need a corporate sponsor, employer or another source of traditional financing. They are free to work on what interests them the most.
Formal mathematical evidence is used to confirm that the key characteristics of the blockchain remain unchanged throughout the update process. This allows Tezos to grow rapidly while maintaining a constitutional form of government.
Tezos is also notable for the fact that it allows you to place awards directly on the blockchain, which should accelerate the development of new functions and stimulate network members to search for bugs. The award can be placed by any token holder.
Advantages of Tezos
· Decentralized Automated Updates
Tezos blockchain made updates system easy and automatic in comparison to other classic blockchains.
· Hard Fork Protection
Tezos uses clear-cut management rules that allow token holders to vote and agree on updates. These rules are set at the protocol level and cannot be changed. They exclude the scenario of a political war, which has repeatedly caused disputed hard forks in other blockchains. Buy Tezos coin safely!
· Experienced team
The founders of Tezos are Arthur (worked at Goldman Sachs и Morgan Stanley) and Caitlin Brightman. The founding team also includes Vincent Bernardoff (Domoco), Benjamin Canou.
(Nomadic Labs) and other developers. Also in the team were such advisors as Zooko Wilcox and Tim Draper. Zuko is the head of another ZCash cryptocurrency, while Tim is the venture investor with whom the ICO Tezos started.
What happened with tezzies in 2018?
It required some time for the company to start after the legal case against them, including claims from the U.S. Securities and Exchange Commission (SEC) and the dismissal of Johann Gevers. Tezos Foundation employed proficient reviewers from PwC to determine all present and forthcoming issues in the legal field.
Despite the negatively influencing Tezos coin news, it had an impressive performance by the end of 2018 and discharged the mainnet by September. The developers’ movement indicated a ~90% expansion in esteem (after the Athens A proposition was endorsed bringing down the staking store to 8,000 XTZ and expanding as far as possible).
What will be with Tezos tokens in 2019, 2020, 2021, 2022 and 2025? Tezos coin price in USD and Tezos exchange
In December 2019, Tezos rate will increase up to $1.12. By the end of 2020, coin price will slightly drop to $1.02. In 2022, the XTZ coin price will go up to $1.67.
Tezos rate will definitely increase. By the end of 2019, the token price will reach $1.54. In 2020, the coin rate will slightly increase up to $2.01. There won’t be any sharp changes in XTZ price in future. In 2025, the coin will worth $2.28.
XTZ price may drop by 32.5% to $0.593. The market was in the bearish cycle for the last year. So WalletInvestor doesn’t recommend to put XTZ in your portfolio. In 2020, Tezos coin price will reach $1.4. In 2025, coin price can worth $7.03.
In December 2019 Tezos coin price will be $0.9. In 2020, Tezos cryptocurrency will be $1.25. The source claims that there is probably no chance for a price crash. In 2025, the price will reach $9.01.
To sum it up, CryptoGround and WalletInvestor Baerish regard Tezos as a profitable long-term investment and by 2025 there will be a significant upswing. TradingBeasts and DigitalCoinPrice are more moderate but still forecast a raise.
Where can I buy and store XTZ tokens?
Where to buy Tezos coin? It is possible to purchase XTZ coins on many cryptocurrency exchanges. Since the coin is quite popular, it is on almost all major exchanges (Binance, Bitfinex, and others). Tokens are traded both for crypto and for $ and €. Most trading is carried out on the Gate exchange.
Tezos can be stored on the accounts of crypto exchanges, or in specially designed Tezos wallets.
The second method is better since rewards are transferred to the owners of coins, in addition, you can lose coins if you leave coins on the accounts of exchanges (since this is not the most reliable way of storage).
Originally published at https://changenow.io on November 21, 2019.