Is Tezos a good investment?
Editor's Note: This article comes fromBlue Fox NotesEditor's Note: This article comes from
Blue Fox Notes
(ID: lanhubiji), Author: Min Park, Compiler: HQ, released with authorization.
Foreword: Due to the open source nature of the blockchain, generally speaking, different opinions may lead to hard forks. Can Tezos’ self-correcting governance upgrade route completely solve this problem? Is the selling point of governance really what the blockchain field really needs? Is it the key to ultimate success? Can its LPoS really be more decentralized? It remains to be seen. But one thing is clear, at least Tezos is unique, and its practice itself is worth observing and looking forward to.
Tezos is a development platform for smart contracts and dApps. Like many other projects that have sprung up after Ethereum, it aims to solve problems that Vitalik Buterin did not foresee when he first created Ethereum.
Unlike most 1c0s who are just scams, the Tezos team kept their word. They've focused on continuing to develop the product and haven't paid much attention to marketing, and they've had great results.
Here's what you need to know about Tezos:
Adopt a self-amending system to replace hard forks
True decentralization: 51% of the baking power belongs to the community , not the "mining" term of Bitcoin. The baking power is analogous to the computing power of Bitcoin. Source: Tezos Chinese Community, https://www.tezcn.com/glossary)
In total, there are more than 450 active "bakers"
Users are incentivized by adding 5.5% of tokens to the network each year, which leads to inflation. Active users will be rewarded.
true decentralization
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true decentralization
Centralized blockchains are generally considered insecure because there will always be a single point of failure. If someone controls more than 51% of the entire network, they can bypass the rules and perform a double spend attack.
Tezos essentially eliminates this problem, a result of the decentralization of "baking power":
Tezos Foundation - 33%
Tezos community - 51%
As shown in the figure below, more than half of the "baking power" on the Tezos network belongs to the community, so the entire system is truly decentralized and secure.
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centralization concerns
Tezos is based on the LPoS (Liquid Proof of Stake) protocol, which is similar to the DPoS adopted by EOS and Lisk. The only difference is that it is optional which block producer the user's token is entrusted to.
Tezos solves this problem by having "bakers" freeze some funds in the network. If you want to "bake" (i.e. produce) more blocks, you have to stake more funds in the network; if you break the rules, you lose those funds.
This problem is solved by freezing the funds of some "bakers" in the network. In order to "bake" (i.e. produce) new blocks, each "baker" must mortgage some funds in the network. According to the regulations, these funds will be burned.
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Tezos employs a system that allows incremental upgrades without any drastic changes. Network participants propose their improvement measures. Those who can get more support from the community will have the opportunity to implement their suggestions, and will also be paid and rewarded accordingly. Artur Breitman once wrote a good article explaining this principle in detail: no hard forks are required.
Summarize
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In conclusion, Tezos has a great chance to capture more market share. The only problem with their team is the lack of a solid marketing strategy. They just focus on building a good product and don't want to spend energy on marketing.
Further reading: "In a way, this is also a good sign. Either you're a good marketer who can sell any crap you get your hands on, or you're a good developer. And usually, you can't have your cake and eat it too.》、《Further reading: "》
