common-close-0
BYDFi
Trade wherever you are!

Why is Tezos considered a promising cryptocurrency and what are the recent news supporting this claim?

avatarappala nikithaDec 26, 2021 · 3 years ago3 answers

Can you explain why Tezos is considered a promising cryptocurrency and provide some recent news that supports this claim?

Why is Tezos considered a promising cryptocurrency and what are the recent news supporting this claim?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Tezos is considered a promising cryptocurrency due to its unique self-amending blockchain protocol. Unlike other cryptocurrencies, Tezos allows stakeholders to vote on proposed protocol upgrades, ensuring the network remains adaptable and secure. Recent news supporting this claim includes the successful implementation of the Delphi upgrade, which significantly improved the network's performance and reduced gas fees. Additionally, Tezos has seen increased adoption by major companies and institutions, such as Societe Generale and Ubisoft, further validating its potential.
  • avatarDec 26, 2021 · 3 years ago
    Tezos is a promising cryptocurrency because of its innovative governance model. The ability for stakeholders to vote on protocol upgrades ensures that the network can evolve and adapt to meet the needs of its users. Recent news supporting this claim includes the announcement of several high-profile partnerships, such as the collaboration between Tezos and McLaren Racing. This partnership showcases the growing interest and recognition of Tezos within the mainstream business world, solidifying its position as a promising cryptocurrency.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confidently say that Tezos is indeed a promising cryptocurrency. Its self-amending blockchain protocol sets it apart from other cryptocurrencies, allowing for seamless upgrades and improvements. Recent news supporting this claim includes the successful completion of the Edo upgrade, which introduced new features and enhanced the network's overall functionality. Tezos' growing ecosystem and partnerships with established companies demonstrate its potential for long-term success.