Beginner Coin Introductions

The following series of five posts will be my attempt at accurately and succinctly explaining the mechanics of the top five market cap cryptocurrencies to new cryptocurrency enthusiasts, of which there are many. My goals are to provide the highest-value relevant information in between 100-150 words. The concise nature of each analysis mainly services the short attention span of the modern reader and will be used as scaffolding for later extrapolations

Newcomer Analysis 3: Tezos

Current Market Cap: $1,799,762,898

The Tezos blockchain hosts the tez digital token which operates on a decentralized ledger like Bitcoin and Ethereum.

Tezos is based on a proof-of-stake system like Ethereum rather than a proof-of-work system like Bitcoin and makes use of smart contracts. This proof-of-work system is seen as facilitating more efficient mainstream adoption through its appeal to retail investors, higher perceived security and lack of reliance on miners.

Unlike Ethereum, Tezos has developed its blockchain governance to integrate the will of all its stakeholders, not just miners or devs.

Two of Tezos’ primary value drivers are its proof-of-stake system in a time of continuously increasing staking popularity, and its on-chain governance model.

References:

https://coinmarketcap.com/

https://www.investopedia.com/terms/t/tezos.asp

https://www.investopedia.com/terms/o/onchain-governance.asp

Disclaimer: I am by no means a cryptocurrency professional. I am a BS in Finance and approach my analyses through an economic and financial point of view. I do my best to integrate all current relevant information into analysis.