Review on Tezos by Sergio Daniel Delgado
The function of Tezos
Like other currencies such as Ethereum and EOS, Tezos aims to be a tool for the development of smart contracts and decentralized applications. Offering its Blockchain so that users can create projects, without a third party being able to affect them without their consent.
However, Tezos' novelty within the crypto world is missing from its goals. Well, at the level of functionalities, they are comparable to those of other cryptocurrencies. What really New to the XTZ is the way the government of the cryptocurrency is administered.
In addition, at the mining level, Tezos works similarly to most of the cryptocurrencies on the market. Basing their computing power on users who lend part of their processing capacity to the network, in exchange for a reward on XTZ.
Pros
- Cryptocurrencies, like any new technology, are far from perfect. Problems like scalability or difficulty updating platforms, are issues that delay the development of crypto assets. Hence the importance of seeing efforts like Tezos'. Although this is far from being the final solution to the problem of updating networks. This initiative shows that there is an important sector in the crypto community, who is trying to fix the flaws that haunt cryptocurrencies. And that is a very good sign for the future of these assets.
Cons
- None
