Currently available in the United States; coming soon in 31 countries in Europe.

Currently available in the United States; coming soon in 31 countries in Europe.

Currently available in the United States; coming soon in 31 countries in Europe.

Tezos

Not currently supported on BlockCard; data on currently unsupported cryptocurrencies is included for your convenience.

Tezos is an open-source blockchain network connected to a digital token. Known as Tez, the Tezos cryptocurrency isn’t mined but is rewarded to holders who participate in a proof-of-stake consensus mechanism. This unique proof-of-stake mechanism sets it apart from other cryptocurrencies as a self-amending cryptographic ledger.

While Tezos had a successful Initial Coin Offering (ICO), it later experienced a lot of trouble because of delays and legal issues. But Tezos survived the bear market and is a cryptocurrency to watch.

Similar to Bitcoin and Ethereum, Tezos utilizes a decentralized ledger using blockchain technology and smart contracts. What sets Tezos’ smart contract apart is that it allows participants to control the network rules directly. Tezos’ governance enables the network to evolve and be flexible.

Tezos has a unique governance approach by allowing the token holders to approve protocol upgrades for the decentralized network. This governance style is similar to shareholders having a say on the business’s board of directors, creating incentives for users to participate in the development process, and decentralize maintenance. Token holders are also rewarded with the ability to earn newly minted tokens, kind of like a traditional dividend.

Tezos builds its smart contracts using high-security languages. Predominantly, Tezos uses the smart contract language Michelson, which allows formal verification. Michelson is a preferred language for aerospace, nuclear, and semiconductor industries because of its high security. Tezos also built a new smart contract language called LIGO, which is more efficient than Michelson, to allow for more extended contracts.

Are you already invested or looking to invest in Tezos? Use Blockcard to take full advantage of your Tez coins.

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