Reviews

Tezos Cryptocurrency Review

Sep 8, 201813

What is Tezos cryptocurrency? Tezos project has entered the market as Ethernum alternative.

Its technological innovations, such as new Michelson language, designed for protocol complete formal verification, had a great importance for blockchain market.


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Formal verification is a reviewing of program algorithms for inconsistencies, disruptions and mistakes. This type of verification is used all over the world for important processes, where mistake would be costly: while starting equipment, in banking systems and so on.

There was no entire formal verification in blockchain technologies before Tezos appearance. Its implementation must have brought cryptocurrency`s safety on higher level. In fact, mistakes, that might theoretically occur with other smart-contract cryptocurrencies, were excluded with Tezos.

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The developers have stated that Tezos ecosystem would be transformed into equal community. It would be working on Proof-of-Stake (share`s evidence) basis. That is, all decisions connected with improvements, innovations and other changes of system were prerogative of system`s members. They, too, were generally responsible for system functioning.


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There is still a matter of how all the system will be implemented.

Now Tezos is in process of dividing into two webs – Tezos and hardfork nTezos. The original design has been already destroyed. This is linked to the fact that in proceedings US regulators have ordered Tezos` owners to perform a KYC – the procedure of all investors` identification. 

Investors are faced with a choice: to stay is Tezos` chain and provide it and obviously regulators with their personal data, or to prefer nTezos` chain and remain anonymous.

However, many investors are wondering for how long they will remain anonymous. The reasons of anxiety are growing tight of crypto law and too much legislature`s focus on Tezos` multiple violation of the law.

Notwithstanding certain legal difficulties, cryptocurrency`s price is growing even after its division. Xtz has rose in value from $ 1,21 (July 6) to $2,5 (today). With nowadays crypto market situation it is very good result.

Investors, who have not sold their tokens, possibly, have a chance to gain a profit though Tezos` technical promises in future.

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