Buy Tezos XTZ (€1.07)

Tezos is a blockchain network associated with the digital coin XTZ. The network works through Proof-of-Stake, a consensus mechanism whereby tokens are staked. The purpose of the coin is to develop and manage applications and assets. Tezos can be used to develop dApps & smart contracts and to make transactions. The idea of the coin was born out of the problems of other cryptocurrencies such as Bitcoin and Ethereum. But what does Tezos have that Bitcoin and Ethereum do not?

Democratic decision-making

Tezos has developed a system where everyone with a Tezos token has the right to vote on decisions. There are times when changes are needed in the blockchain to improve the coin. Bitcoin has the problem of not being able to do this, which is why a lot of hard forks have occurred. A hard fork is a split from the original cryptocurrency, changing for example the development and features of the network. It causes a split of users, which means that fewer users remain on the original Bitcoin network. Because the Tezos network is determined in a democratic way, more people continue to use the coin. The process takes about 23 days and consists of 4 steps before the proposed changes are made.

Proof-of-Stake protocol

Tezos uses the Proof-of-Stake consensus. It is an environmentally friendly blockchain because it is not possible to mine Tezos coins. Unlike Bitcoin and Ethereum, little energy is needed to run the blockchain. The transactions on the blockchain are reviewed by baking. You can be a baker when you own more than 8,000 XTZ, so you can earn new Tezos. However, you can also take part in the baking process if you do not have 8,000 XTZ. You then lend out your Tezos to a larger baker, thereby profiting from his large share.

Buying Tezos (XTZ) is easy with Anycoin Direct. The step-by-step plan below will show you how.

Step 1: Create an Account

Easily create an account at Anycoin Direct or log in to your existing account. With this account, you can trade in over 30 different cryptocurrencies.

Step 2: Placing an order

To place a new order with Anycoin Direct you must be logged into your account. Go to the Anycoin Vault and choose which coin you wish to purchase. Determine the amount of the coin and complete the transaction by paying with one of the possible payment methods such as iDeal, Bancontact, Credit Card, SEPA, Giropay, SOFORT and VISA. We will start working on the order as soon as you have completed the order.

Step 3: Buy, sell or trade cryptocurrencies

Once the order is complete you will be able to find your crypto in your Anycoin Vault or personal wallet. Easily buy, sell or trade cryptocurrencies whenever and wherever you want.

Tezos is a cryptocurrency that allows you to create and use smart contracts. The XTZ tokens can also be used to make transactions, invest in, or become a baker. Owning XTZ allows you to vote on changes to the blockchain. One drawback is that those with more Tezos, have more voting rights. Companies use Tezos to build their platform. They use smart contracts, for example, and it is all securely stored on the blockchain. Tezos can also be used to buy NFTs (Non-Fungible Tokens). As the name suggests, these are items/tokens that are not replaceable and are only owned by one person. Forms of NFTs include digital images, videos, and tickets, but they can also be used to play games. Tezos' smart contracts ensure that NFTs can be traded.

In order to purchase Tezos you must have a place to store them. You can do this in your own personal wallet or use the Anycoin Vault. With the use of the Anycoin Vault you pay fewer transaction fees, your cryptocurrencies are safely stored and it offers you the ability to easily and quickly trade between cryptocurrencies. Currently, it is only possible to store Tezos in the Anycoin Vault.

Tezos was invented and created in 2014 by a married couple named Arthur and Kathleen Breitman. 5 years after Bitcoin launched, Arthur and Kathleen released their first version of Tezos in 2014. In those five years, cryptocurrencies had already shown their potential, but the couple still saw areas for improvement. Therefore, the goal of Tezos is to solve the downsides of other cryptocurrencies. Tezos raised as much as $232 during their initial coin offering (ICO), the largest ICO proceeded at the time. Arthur and Kathleen Breitman disagreed with the Tezos Foundation set up in 2017. Due to the differences of opinion, it took a long time before Tezos could start. Currently, Arthur Breitman is on the foundation board of Tezos.

The price of Tezos, like other stocks and crypto, is determined by supply and demand. There are currently 916 million Tezos coins in circulation and no maximum availability has been set. The demand is how many people want to buy Tezos. The more people (want to) buy it, the higher the price will be. The fact that Tezos allows its users to vote on the future is very attractive to investors. This makes it easier for the coin to apply improvements than other cryptocurrencies.