Review on Tezos by Robiul Islam
A Self-Amending Crypto-Ledger
It is a dApp platform that doesn’t seem to provide much more than the other countless and notable dApp platforms that are also competing to be the next Ethereum. Unfortunately, it has been at the centre of one of the most controversial sagas in cryptocurrency, and it seems that it will have a lot of hard work ahead of it to clean up its reputation and outperform its competitors. It certainly seems to have a very strong community behind it, one who has stuck together through a political and legal battlefield like no other, and one who may also serve as a priceless asset in pulling Tezos to victory through an uncertain future.
Opportunity: It is an inflationary cryptocurrency. Block rewards paid out to Bakers are added to the total supply. The maximum inflation rate is five percent. The distension rate will reducing over time as the block rewards stay the same.The fewer holders who stake or delegate, the higher the return you’ll earn.
Effort
: With this project, most of your time is required upfront in order to download the wallet, buy the token, and start delegation. After that, you can earn income with little effort.
Delegated Proof of Stake: Token holders stake their token and consent the transactions. People who are responsible for approving these transactions on this network are called bakers. Bakers have to have around 10,000 tokens stake and additionally, they have to have a bond which is a security deposit to make sure that the bakers act accurately. Or else, bakers will be punished by taking away their bond.
The project remains as valuable as it was as launched, but I wonder if it has lost trust from the community to such an extent that it can never fully recover.
Updated 5 years ago
Rating changed from 3 to 4
Staking tokens is a well-known way for holders to earn a passive income. But as the number of Proof-of-Stake (PoS) coins increase, it’s becoming harder to work out which one would earn holders the highest yield.
According to new data, Tezos (XTZ) offers the highest returns of any PoS cryptocurrency, at more than 7.3% per year. The cryptocurrency research firm Messari found that the yield for staking Tezos was significantly higher than seven comparable coins.
Pros
- It has a functioning Betanet that is available to stakeholders and the public to perform transactions.
- It is similar to Ethereum in function, only it aims to be more flexible and better prepared for future developments.
- A profitable and unique concept,Highly experienced blockchain developers.
- Its protocol is designed to automatically implement upgrades once the Tezos community has a reached a majority vote.
- Its increased flexibility is predominantly derived from the delegated proof of stake (DPOS) protocol, where stakeholders hold the right to vote on key decisions in network developments.
- Solution to a number of Bitcoin Ethereum problems.
- Onchain Upgrades through consensus, Delegated POS consensus algorithm.
Cons
- It has a lot of competition to contend with in terms of decentralised applications platforms.
- No business support available.
- Management team is weak, Unrealistic vision of the project.
