Review on Tezos by Artur Vivo

Tezos' stated goal is deceptively simple: Developers are creating a blockchain capable of providing a foothold for innovation and at the same time free from the risks of hard forks that could divide its community. Like Ethereum, Tezos will enable smart contracts. Tezos is going to create a technology that will perform better than the existing leaders in the form of bitcoin and ether. They have already created a network that today requires less computing load, less participation of miners (in the Tezos system, they are called bakers), while maintaining a high level of security based on the delegated proof-of-stake (DPoS) consensus mechanism.Initially, Tezos entered the trading arena as an alternative version of Ethereum. The technical innovation of the project has been an important component for the blockchain market. Tezos used the new Michelson language developed by the company, which served for full official verification of the protocol, which is a check for failures and inconsistencies existing in software algorithms. Altcoin XTZ climbed to the tenth line in the list of the largest cryptocurrencies by capitalization. Now its total market value reaches $ 2.6 billion. Trading volumes for the asset have also increased many times over the past year. At the moment, they are at $ 233 million, although at the beginning of 2019 they did not exceed $ 2 million - an increase of 11,550% over 13 months.

Tezos is also the leader in price growth over the past day among the top 25 cryptocurrencies in terms of capitalization. The coin has risen in price by 13% in the last 24 hours. Probably, the sharp increase in the value of the asset in the last six months could have been influenced by its addition to the largest exchanges such as Binance, Coinbase and OKEx.Tezos is one of the most controversial blockchain projects in history. What started out as a cryptocurrency blockbuster with stellar sponsors and a strong development team has turned into endless litigation and civil strife. Despite this, the team was able to get on the path of fixing, changing its internal structure, issuing tokens to investors and carrying out a beta launch of the platform. Tezos is a unique blockchain created by developers from scratch. It is not based on the code of one of the pre-existing blockchains, i.e. it is not a fork or an additional layer for any of the existing blockchains.

Tezos' stated goal is deceptively simple: Developers are creating a blockchain capable of providing a foothold for innovation and at the same time free from the risks of hard forks that could divide its community. Like Ethereum, Tezos will enable smart contracts. Tezos is going to create a technology that will perform better than the existing leaders in the form of bitcoin and ether. They have already created a network that today requires less computing load, less participation of miners (in the Tezos system, they are called bakers), while maintaining a high level of security based on the delegated proof-of-stake (DPoS) consensus mechanism.