Review on Tezos by Mr Benji

Name: Tezos
Item: Tezos
Rating: 3

June 16, 2019

Tezos good, but bad

1. Wallets - 
Wallet for Tezos
Many software wallets support XTZ token storage. The following applications are recommended by platform creators:

Galleon Wallet (MacOS, Windows, Linux)
Tezbox (macOS, Windows, web browser, Android)
Kukai (web browser).
You will also store the Safes (Model T) and Ledger (Nano S) in your hardware wallets.
﻿
2. Minig - XTZ mining works on the dPoS algorithm principle; each of the token holders can lend their computing power to the transaction, and then receive a number of tokens per reward. This way of mining is referred to by the makers of Tezos as baking; The miners themselves are then called the bakers.
﻿
3. What's bad what's good - 
The advantage of Tezos is the on-chain governance system; The more tokens an individual holds in his or her own, the greater the weight of his / her voice. The platform is actively experimenting with different management methods - in March 2019, developers introduced the first proposals for updating the voting system.

Choosing a blockchain ensures the transparency of the voting mechanism. The community can entrust the implementation of winning designs to an official team of programmers or developers from within.

Formal verification of smart contracts is a key competitive advantage of Tezos. The verification is done by the platform itself - there is no third party involvement and the risk of data misuse or hacking is significantly reduced. For example, the Blockonomi portal describes the implications of introducing formal verification for cryptocurrencies.

Transaction verification on Tezos works on the principle of delegated proof-of-stake (dPoS). Compared to the proof-of-work mechanism (used for example by Bitcoin or Litecoin), the energy demands of dPoS are incomparably lower - and therefore more environmentally friendly.

The potential of Tezos is hampered by his troubled past. Due to disputes between the founders of the platform, the launch of tokens was delayed by almost a year; the result is a series of lawsuits that are not yet closed and give rise to distrust from potential investors. Launching the blockchain test run was also delayed. In addition, in June 2018, developers conditional on XTZ token transfers (KYC / AML principle); part of the investors then accused Tezos Foundation of violating the original agreement.

All this causes the XTZ course to be low and it is almost impossible to get it on any "proper" stock exchange. But if everything goes well, investors can look forward to appreciation of hundreds of percent in theory.
﻿

Updated 5 years ago

Rating has not been changed

IDEO  Startup Studio! Together with TezosFoundation, we’ll be helping projects and entrepreneurs build on Tezos.
﻿
- Tezos celebrating 1st birthday with 80+ members  1st meetup in Africa. What a way to celebrate a lot of great speakers and Tezos enthusiasts. 
﻿

Pros