2021 is coming to a close and the Ethereum network still has a fee problem. Here’s how competitor networks attempted to capitalize on Ethereum’s unresolved issues.
Tezos is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, EOS and Cardano, among others.
Originally proposed by Arthur Breitman (under the pseudonym “L.M. Goodman”) in a white paper published in August 2014, Tezos was conceived as a “self-amending” blockchain platform built on an on-chain governance system that would allow holders of its protocol token, XTZ, to more easily vote and implement changes to the software without hard forks. This is in contrast to the cumbersome, off-chain governance processes for popular public blockchains like Bitcoin and Ethereum.
The core development was spearheaded by Breitman and his wife, Kathleen Breitman, through the company Dynamic Ledger Solutions. In summer 2017, Tezos raised funds in one of the most high-profile initial coin offerings to the total of around $232 million (at the time) in Bitcoin (BTC) and Ether (ETH). The project was soon embroiled in legal battles between the Breitmans and the appointed head of the Tezos Foundation, Johann Gevers, which delayed the release of XTZ tokens to investors and the launch of the network.
The mainnet launched in September 2018, with XTZ holders able to stake (or “bake”) their tokens to participate in the Tezos proof-of-stake consensus process or participate in Tezos governance either directly or through delegation of voting power.
Multi-chain compatibility will enable users to trade Tezos NFTs on the Rarible marketplace5869
One Ethereum transaction uses enough energy to power a house all day, but how much does the fiat financial system use?8194
A slew of new NFT-related partnerships and integrations with DeFi platforms sparked a rally in XTZ, WAXP and ALEPH.10187
Starting with Ghost Recon Breakpoint, Ubisoft will drop NFTs to PC players on the Tezos blockchain on Thursday.12346
XTZ price broke its downtrend with a swift 50% rally once news that Ubisoft’s new NFT platform is built on Tezos blockchain made the rounds in various media.17567
The annual energy consumption of the Tezos network is estimated to be equivalent to the footprint of just 17 people.10086
The university hopes the move will raise funding for large-scale conservation and restoration initiatives.7853
The Switzerland firm is an independent sister company of Arab Bank.10006
Bitcoin’s strong recovery to $49,000 has boosted bullish sentiment and it may provide further incentive for LUNA, ATOM, XTZ and AXS to rally in the short term.25514
Bears continue to pressure BTC price but any signs of consolidation could lead to a breakout in AVAX. ALGO, XTZ, and EGLD.33652
Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service.13916
The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure.18085
While Bitcoin price is fighting to hold above the 200-day SMA, ALGO, ATOM, XTZ, and EGLD continue to march higher.38754
It’s a rags-to-riches story for Tezos this week, while Bitcoin bulls fail to find momentum for a full recovery from Tuesday’s major price dip.18905