What is Tezos?

There have been few companies related to cryptocurrencies that have beginnings as promising as Tezos. In development since 2014, Tezos has enjoyed unparalleled success since it’s launch. Indeed, between October 2019 and February 2020, the price of the digital token more than tripled. This has made it one of the more exciting and intriguing cryptocurrencies around. But what is Tezos? It’s a blockchain network that’s linked to a digital token, which is commonly referred to as a tez or a tezzie. 

What separates Tezos from the crowd is the approach that they take, both in terms of philosophy and the actual usage and distribution of the tokens. The coin isn’t based on the mining of tez or tezzies. Instead, people that have tokens get rewards if they are involved in the proof-of-stake consensus mechanism

So it’s an exciting concept, one that is reflected in the company’s all-around approach. Tezos aims to have a truly decentralized system along with the background of the company, makes it appealing to people who are interested in the potential of cryptocurrencies. The level of interest they could garnish was made evident when, in just two weeks, they were able to raise some $232 million in an uncapped ICO. Since then, there has been infighting among company workers and legal battles, but given the rise of the coin in February 2020, it seems as if the main troubles have been overcome, suggesting that they’re ready to reach the potential shown in their huge ICO success.

 

Want to know more about Tezos? Open up an online bank account, deposit your crypto, and start using your BlockCard as soon as your application is complete.

The Latest

Unbanked Joins Visa Ready for Fintech Enablement

At Unbanked, we’re passionate about building solutions that connect traditional enterprise and banking systems with blockchain–and we’re deeply committed to building the most robust infrastructure possible in order to transform financial services as we know them today. But to build something life-changing, you need to partner with the best: that’s why we’re so thrilled to… Read Article

Purchase Litecoin with your Bank Account

At Unbanked, we believe financial access and control is a fundamental human right. For years, we’ve empowered crypto users in over 220 countries and territories around the world with the power to buy, sell, and send digital currencies–all without being subject to the transaction, exchange, or deposit fees imposed by those “other guys”. While we’ve… Read Article

5 Best FinTech Stocks to Watch in 2021

Fintech stocks are becoming more popular than ever with investors worldwide. The shift toward a cashless, technology-based society is one of the driving factors of the growth of fintech companies and their rising stock prices. From fleshed-out financial and banking services to tools that help traditional financial institutions streamline their operations, 2021 is a great… Read Article

20 FinTech Startup Companies to Know

The digital age is blazing a path for the fintech niche. It should not be a surprise that investing apps like Robin Hood and Acorns are booming. After all, the tech-savvy millennial generation has come of age. They are making money, and they are investing it. And one thing is for sure─the stuffy suits and… Read Article


6.38%

Crypto Rewards
on Spend

You also have access to:

BANK ACCOUNTS
DEBIT CARDS
BUYING, SELLING, & SPENDING CRYPTO


ARE YOU READY TO GET UNBANKED?


Nah, I enjoy high fees...

x