Why Buy Tezos (XTZ)
Buying Tezos (XTZ) could be a smart choice for those looking to diversify their cryptocurrency portfolio. It’s one of the earliest Proof-of-Stake blockchains and, for a long time, stood as the sole alternative to Ethereum in the realm of programmable networks. Tezos was launched through one of the most successful Initial Coin Offerings (ICO) in history, raising approximately $37 million.
Another reason to buy Tezos is its pioneering role in DeFi. The team has been instrumental in developing key innovations in this sector, such as wrapped tokens and cross-chain swaps. Wrapped tokens are smart contracts that allow a cryptocurrency to be used on blockchains other than its native one.
Furthermore, consider buying Tezos (XTZ) because it is an ever-evolving project. In February 2023, the network integrated Google Cloud as a validator and introduced smart rollups and scalability solutions that reduced block validation times to 15 seconds.
What is Tezos (XTZ), and how did it start?
Tezos is a blockchain that facilitates the development of decentralised applications and smart contracts. It stands out from other networks for several properties, particularly its unique form of Proof-of-Stake consensus mechanism (Liquid) and the ability to create various types of native tokens.
Additionally, Tezos has been developed modularly, allowing for updates without hard forks. The brainchild of Arthur Breitman, a computer engineer with experience at Goldman Sachs and Morgan Stanley, and Kathleen Breitman, Tezos, was launched in 2017 through a highly successful ICO.
Despite being part of the “old guard” of blockchain projects, it continues to update and attract attention, making it a potentially good reason to buy Tezos (XTZ).
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