Deep Dive Review into Tezos (November 2018)

published on Nov 19, 2018 by Crush Crypto Favorite
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Everything you need to know about the cryptocurrency Tezos (XTZ), a distributed network that can evolve by upgrading itself without a hard fork.

Learn more: https://crushcrypto.com/tezos-analysis/

Website: https://tezos.com

Website (Tezos Foundation): https://tezos.foundation

Whitepaper: https://tezos.com/static/papers/white_paper.pdf

Position paper: https://tezos.com/static/papers/position_paper.pdf

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Download the PDF version of the presentation: https://crushcrypto.com/wp-content/uploads/2018/11/Crush-Crypto-Deep-Dive-into-Tezos.pdf

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Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion.
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What is Tezos?

Tezos is a distributed, peer-to-peer, permissionless network that seeks to improve on older blockchain protocols such as Bitcoin and Ethereum.

One of its differentiating features is its on-chain governance that promises a self-amending blockchain – the protocol can evolve by upgrading its own code after coin holders have approved the changes.

This avoids some of the political and technological issues that have affected other blockchains, such as the Ethereum hard fork following the DAO hack, and the hard fork drama that happened in Bitcoin and Bitcoin Cash.
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Token Economics

XTZ is the native cryptocurrency for the Tezos blockchain. With Tezos, any coin holders can participate in the validation process by making a security deposit. This is a process calling “baking”. They are rewarded for contributing to the network and ensuring its security and stability and can lose their deposit if they exhibit dishonest behavior.
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Strengths

- The self-amending feature of Tezos allows for any disagreement to be settled through the on-chain governance feature and this can help eliminate the hard fork drama surrounding some of the major blockchains. Also, the on-chain governance allows the network to adapt and improve over time.
- Tezos Foundation has ample resources to support development of the protocol. The Foundation is among the most funded blockchain projects and has been actively providing grants to those helping to grow the ecosystem.
- Baking threshold is fairly low, which makes it easy for coin holders to participate in the staking and governance process. This is good from a decentralization standpoint. For small coin holders or those who do not want to maintain a node themselves, they can delegate their stake to other bakers for a fee.
- The team members, including co-founder Arthur Breitman are easily accessible on social media. This provides a layer of transparency and confidence to the project.
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Concerns

- Throughput of the Tezos network is currently at approximately 40 transactions per second and there are many blockchain projects looking to achieve significantly higher throughput. This level of capacity is not nearly enough for mass adoption.
- The project has been in the negative spotlight numerous times – there was a significant delay in ICO contributors receiving their coins, class action lawsuits, and a management crisis at Tezos Foundation. As a result of the internal dispute, the board was reorganized with new members. However, there is still not a lot of clarity over how the funds from the ICO will be used.
- Tezos has so far been unsuccessful in building a developer community, despite having a large war chest. According to this list, there are only 9 dApps being built on top of Tezos. Money is not the sole motivator for developers. If developers choose to build on Tezos only because of the funding they would receive, the chance of those dApps succeeding will be lowered significantly.
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Disclaimer

The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.

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