Tezos: The Underrated Altcoin

Tezos: The Underrated Altcoin

By Cje95 | Chronic Illness and Crypto | 30 Nov 2020


Recently I have been seeing all sorts of posts about altcoins for 2021 and altcoins to own right now. Amazingly at least to me is how Tezos is almost never mentioned as one to watch.

 

Tezos has been the focus of a lot of good news. Earlier this year they settled their lawsuit they faced for their ICO with the SEC so that dark cloud was no longer over their head. This could have been disastrous for the blockchain like it has been to countless others but they were able to get out of the tangle. 

They have also continued to plow ahead with upgrades this last one cutting the price of a transaction by 75%!!! Imagine an ether transaction that is 75% less than they are now.... it’s honestly impossible for me to imagine this!

 

To further separate themself they have also made a huge play for being the blockchain for the digital Euro. Whatever blockchain get contracts like this will be in amazing shape. I know a ton of people do not like the idea of government “backed” money on a blockchain but it’s going to happen you might as well benefit from it.

It also is a PoS (Proof of Stake) and not a PoW (Proof of Work) and that is the direction most cryptos are going. With energy conservation becoming even more important PoS is much better than PoW. 

Two different municipals in France also used Tezos for voting earlier this year. With how the US election went it’s obvious blockchain or some hybrid of it will start being heavily looked into for future voting. With Tezos also being used for this it’s just another feather in their cap.

 

Tezos is still an exciting project which is evolving to fulfill needs that are still popping up! The agility of the blockchain and its updates is key for all future blockchains and something! Polkadot has attracted a lot of attention but Tezos at the price it’s at right now $2.35 is an extremely attractive price point to enter and if you already have some continue to add to!

 I hope y’all enjoyed this article! Tezos to me is a super slept on altcoin due to it being around for so long now. People seem to ignore the fact it’s fulfilling a ton of tasks it is asked to fulfill! Stay safe out there everything! 

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Cje95
Cje95

Graduated from Texas A&M in May of 2020 had dabbled in crypto since 2017 but dove in at the end of 2019. December of 2020 packed up and moved to D.C. and shares my growing pains with y’all here! Huge sports fan, space nerd, and international news reader!


Chronic Illness and Crypto
Chronic Illness and Crypto

Cryptocurrency and Blockchain are going to be a huge part of the future and no matter who tries it isn't going to be stopped! Here I try to give my best insight and thoughts into the latest crypto news, features, developments. Further, I look to discover any link to news from the United States ranging from social-political issues to stock market and economic data.

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