$1.21 -1.29%
XTZ · 4d

What made Tezos an outlier in the valley of alts?

Altseason has been indefinitely postponed, but not everyone’s watching the clock. With threefold price growth for the year, Tezos (XTZ) is one of the few altcoins to keep pace with bitcoin and leave better-funded rivals like EOS in the dust.

Coinmarketcap currently ranks XTZ as the 16th-largest cryptocurrency project, with a market cap nearing a billion dollars.

Life didn’t begin well for Tezos, with a messy 2017 ICO that threatened to devolve into lawsuits and feuding between the projects’ founders. But that was 2017. Had Tezos failed, it wouldn’t have been the only project littering the pages of Dead Coins.

XTZ Gets The Bump

The project is making headway with major market players. Coinbase added support for Tezos XTZ last week, as part of the company’s plans to offer access to 90 percent of all of crypto’s market cap.

The exchange is also considering the merits of Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves, having just added Algorand.

eToro, the social trading and multi-asset brokerage company, also announced plans to add Tezos to its platform on August 6. Per eToro co-founder and chief executive Yoni Assia:

“As we see financial institutions move more into the world of crypto, it is important that ordinary investors can take advantage of these technological developments, which is why we’re excited to be adding coins like Tezos to eToro.”   

Green lights from Greenspan and handshakes with Armstrong are one thing. Does Tezos offer anything different from its competitors?

On Tezos… and Baking with No Forks

Although commonly compared with EOS and TRON, Tezos has a few advantages over earlier protocols. Instead of forking node software with updates, Tezos upgrades continuously with community consensus.

Tezos also deploys a dynamic version of dPoS aimed to prioritize decentralization, coordination, and security, ahead of scalability. This theoretically egalitarian vers...

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