Tezoz experienced a rise in their price to almost 95 percent since the beginning of August, but is tezoz a good investment? Or what are the things we need to consider before buying Tezoz? Let's discuss them in the blog.

What Is Tezoz?

Tezoz, an eco-friendly cryptocurrency, saw a tremendous rise in the last month when the three big Swiss Firms, Crypto Finance AG, InCore Bank, and Inacta Plan, announced the utilization of the Tezoz network to power their new digital financial products.

They use this platform to create smart contracts and support their compliance activities in anti-money laundering and governance.

Basically, Tezoz is a programmable blockchain that executes small pieces of self-executing code called smart contracts. These contracts are useful in decentralized finance services, in which there are no middlemen involved in traditional banking.

Therefore, if you are considering investing in Tezoz, here are the five things you should know.

5 Things To Know Before Investing in Tezoz?

Working of Tezoz

Tezoz stands out in the market due to several reasons. However, the primary reason that makes it unique is it uses a Liquid proof-of-stake consensus mechanism. Also, it offers agonistic native-middleware known as Network Shell. This way, developers tend to use the models while constructing applications. 

It uses both Functional and Imperative language, thereby making its smart contract sturdy and secure. Above all, it relies on Ocaml for blockchain programming and Michelson for the coding of smart contracts. It optimizes transaction speed all over the internet. 

It is capable of making thousands of transactions per second. It only limits the max allowed gas per transaction. It tends to increase through voting on protocol changes like the off-chain scaling solution. 

Tezoz Is Unique

Tezoz offers some features that are not even available on earlier blockchains. It combines its transaction and consensus protocol to accomplish this task. This way, it tends to make its processes run smoothly. Also, it enables the communication between the network protocol and the blockchain protocol. 

Liquid Proof-Of-Stake

As discussed earlier, Tezoz uses the Liquid proof-of-stake consensus mechanism, which is now upgraded to Delegated Proof-of-Stake system. It is found in third-generation blockchains like EOS and NEO. In DPoS, the community votes on the one that will function as a delegated node. 

They are the ones who approve blocks and add the transactions to the blockchains. Apart from that, they are obliged to follow a few more rights and responsibilities in the network. Also, the number of delegators allowed depends upon the minimum requirement mentioned in the bond, which allows up to 70000 delegators currently. 

On the other hand, LPoS in Tezoz is private currently. They are more successful with a stake rate of approx. 80% and comprise 450 auditors and 13,000 supervisors. That is why Tezoz is considered the best-decentralized blockchains in the market. 

Self-Amending Ledger With On-Chain Governance

Through the decentralized voting mechanism, the Tezoz mitigates the chance of hard forks. Developers have to take extra care to ensure that the network is capable of passive upgrading via self-amendments. This way, the community of tezoz tends to focus abruptly on the same goal. 

Tezoz Account Types

Within the tezoz ecosystem, you can operate under two different accounts, namely Implicit and Originated Accounts. Both the accounts have distinctive purposes. The implicit account includes public and private keys that allow the users to check their balance and transfer funds to and from this address. On the contrary, originated accounts are used by developers utilizing smart contracts. These accounts include a manager, amount, delegatable, and delegate field options. 

Conclusion

With the evolution of blockchain technology in cryptocurrency, we cannot deny the fact that there are several problems that need to be solved yet. Today, numerous programmable blockchains are competing rigorously to take up the market share of Etherum. It is because although it is first to market, it is struggling with network congestion and high fees. 

Tezoz is also involved in this race. But, its recent tokenized asset deal made it a technology that is beneficial for the real world. The governance model and the smart contract language will also help it in succeeding in the long run. Hence, we can say that investing in tezoz is relatively worth it.