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Now listed on fox.exchange! Introducing the World’s 1st Self-Evolving Blockchain: Tezos (XTZ)

We are happy to announce our partnership with the team at Tezos to bring the Tezos (XTZ) cryptocurrency to fox.exchange. 

Apart from its unique proof-of-stake (Baking) consensus protocol, the price of XTZ has more than tripled since October 2019! This reveals a promising cryptocurrency especially after the project’s successful ICO.

Built on top of a self-amending decentralized platform for dApps similar to Ethereum, Tezos started as a husband and wife project and now boasts contributions from investors like Tim Draper who contributed $1.5 million towards the project. 

What is Tezos (XTZ)

Tezos is currently ranked among the top ten cryptocurrencies according to CoinMarketCap. The Tezos (XTZ) cryptocurrency powers the Tezos multi-purpose platform. 

It was developed by Arthur Breitman who is a former analyst at Morgan Stanley. The Tezos platform aims to tackle some of the key hurdles in the way of blockchain’s mass adoption. These include scalability, safety, and upgradability. 

This is done through a modular architecture that combines a self-correcting protocol with that of an on-chain governance system. 

How does it work?

The Tezos platform works like any other distributed, peer-to-peer network. The platform is built around smart contracts whose rules on the network are directly controlled by the network’s users.

This level of flexibility is designed into the platform to improve scalability, safety, and upgradability. Therefore, while most blockchain platforms depend on miners and developers to formulate consensus protocols for governance, the Tezos platform has a built-in decision-making process that is democratic and is dependent on the users themselves.

At its core, the Tezos platform provides an incentive for users to participate in its core development and maintenance process through the baking reward system that works similar to earning interest on bank deposits.

What makes Tezos standout?

Unlike Ethereum, the Tezos platform is built on a unique programming language called Michelson. The programing language was created by the Tezos development team to write smart contracts and to facilitate the platform’s Formal Verification process.

Formal Verification is a mathematical process used in high-stake situations e.g. in nuclear reactors and in medicine, to improve security and avoid costly bugs. 

Tezos’ on-chain governance allows developers to propose upgrades to the network as XTZ holders decide on whether to keep the changes thus facilitating a self-evolving network without the need for a fork. 

This is one of the biggest advantages of the Tezos platform, enabling developers to continue working and improving the platform autonomously. A self-upgrading mechanism and democratic decision-making process gives each XTZ holder a voice and makes Tezos a cryptocurrency platform to watch.

The Tezos Team

Arthur Breitman and his wife Kathleen Breitman are the founders of Tezos. They are both well versed in the financial sector and Arthur also has a background in computer science and mathematics. Together with the rest of the Tezos team, Kathleen (CEO) and Arthur (CTO) continuously improve and add new features to Tezos. 

Recommended Tezos (XTZ) Wallets

ZenGo – Android and iOS. Exodus – Windows, Mac, Android and iOS. Edge – Android and iOS. Trezor – Hardware wallet (Cold wallet).

Website: https://tezos.com/

About Fox

fox.exchange is an express cryptocurrency exchange providing the best way to get into the cryptocurrencies market by simplifying the way to exchange one cryptocurrency with another. Our goal in fox.exchange is to make cryptocurrency exchanging as smooth as searching on Google or sending an email.

Main features of fox.exchange:

  • Instant exchange – exchanging cryptocurrencies on other exchanges may take hours, while on fox.exchange it’s a matter of minutes: trades are done in 2 clicks and completed between 3 to 15 minutes.

  • Best rates – we compare and combine offers from various centralized exchanges to get you the best offer: fox.exchange chooses the best market rates from the biggest and most diverse exchanges in real-time.

  • Completely anonymous – no registration, no email, no identification documents needed, only your crypto public address.

  • Extremely safe –  unlike most of the other exchanges, we don’t hold customer deposits. Therefore, your funds don’t suffer custodial risk.

  • Split Trade – the Whole is Greater than the Sum of its Parts: fox.exchange will split your order into fractions in order to get the best rate possible!

  • Trade Routing – fox.exchange will choose the best trade route from coin A to coin Z, sometimes routing through G coin to maximize the rate.

  • High Liquidity by connecting to top exchanges in the market, fox.exchange has access to more than $1B daily.

  • Fast and attentive 24/7 support. Contact us! support@fox.exchange 

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