Tezos was created with a self-governing principle in mind. Anyone who owned the Tezos coin, XTZ, would be able to vote on changes to Tezos rules, and any decisions made would automatically make the software update itself accordingly. This process reduced the chance of forking the cryptocurrency, the process where two separate assets are created from one, each with different prices and characteristics.
Tezos crypto implemented a process called "banking", where users agreed to lock up their owned XTZ in special contracts. Thus they gained the ability to vote on the software changes.
Using the Tezos software, developers can run custom programming logic (smart contracts) and design new products and decentralized applications (dApps).
Along with the traditional proof-of-stake, Tezos also uses a consensus called liquid proof-of-stake (LPoS).
How To Buy Tezos or Add it to your Strategy
The fastest, most convenient way to purchase Tezos is to purchase it on ICONOMI. We check Tezos live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Tezos by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Tezos is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Tezos, we recommend you read the next section, as copying might be a better approach.
Add Tezos to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Tezos in their structure.
