by Rushali 
The world works on an unsaid phenomenon that when one thing is developed then immediately people start the research on developing an update of that. Like market has now realized that there are many disadvantages with normal currency and now the world is in real need of an alternative currency. Experts believe that the current financial system has many flaws and disadvantages. And the time has come that the world needs a stable currency.
Blockchain technology was developed by scientists to fulfill the demerits like sustainability and scalability of normal currency. But the cryptocurrencies still don’t fulfill the demerits. Even cryptocurrencies have given some more problems. There are many obstacles like heavy transaction fees, lack of transparency, etc for the traders.
But now the scientists have developed cryptocurrencies that address these issues. Cryptocurrency like Tezos has fulfilled the demerits to some extent.
This article will fully focus on this cryptocurrency.
Overview
Tezos is a cryptocurrency that works on the same technology as other cryptocurrencies but in addition, it also ensures privacy and transparency as features. In 2018, it was first developed which has brought another revolution in the world of cryptocurrency. The best feature of Tezos is that the transaction is recorded in the normal blockchain, but the sender, recipient, and what amount is transferred are not known to any other users of the blockchain.
The whole framework of this cryptocurrency is based on zero-disclosure evidence, that automatically allows mathematical consistency of the entire transaction procedure, and that is cross-checked without revealing any data or message on the other party involved in the transaction. Tezos is fondly called a native cryptocurrency Tezzie.
Now, everyone has a question in their minds that how Tezos is different from other cryptocurrencies. So, let’s move to the other section where I will try to answer this question.
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How Tezos is different from other cryptocurrencies?
Tezos has a regular update scheduled that makes it relevant for today’s market as well as tomorrow’s uncertain market. This feature is not present in any other cryptocurrency. Then there is another advantage that makes it different and better than other cryptocurrencies, that is it can trace fraudulent transactions because its confirmed block can trace the preceding block.
Tezos blockchain can host decentralized apps and smart contracts.
The standing out feature of Tezos is that its decision-making is in blockchain in it which is why it is better than its competitor like bitcoin, ethereum, etc. All the investors of Tezos vote on any decision related to protocol changes. Then the approved changes are applied in the blockchain as it is self-change capable. This feature automatically brings stability to the technology.
The best part is that team Tezos is still interested in developing it and the whole framework. The team includes very big names like:
Hubertus Thonhauser as the Chairman
Alexis Bonte, Daniel Masters, and Marylene Micheloud as Members of the Tezos Foundation Council
The executive committee of the cryptocurrency includes Ulrich Sauter as General Counsel, Arthur Breitman as Co-Founder and CEO, and Roman Schnider as the Chief Financial Officer.
Now, let’s see that why Tezos can be the future of the financial world.
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Tezos- The future of the financial world
I will list all the reasons why I believe that Tezos can become the future of the financial world.
* Process of the transaction is much faster than its competitors.
* Transaction cost is lower than other cryptocurrencies like bitcoin, ethereum, etc.
* It is not dependent on any bank or network for payment
* No accessibility is required from any third party.
* Power is in the hands of investors, as there are no intermediaries.
* Utmost privacy assured.
* It accepts payment from any source.
* It is fraud-proof technology.
These were some reasons due to which it is better than other cryptocurrencies and that’s why it can be the future. This is our view some people can agree and some cannot, it is very normal. Just like other cryptocurrencies, Tezos is also a debatable topic. People have different points of view.
Now we will move to the price prediction of the cryptocurrency.
- Future prediction
Tezos is currently trading at the rate of $3.93 that is around 6% up. From the year of its inception, it is proving to be very strong. In the year 2020, it has reached $4. But then it didn’t sustain and fallen back to $1.03 in November 2020. The pandemic didn’t have many effects on the price of this cryptocurrency. It has shown an upward movement to $2.07.
If we read charts and do technical analysis then Tezos is showing tremendous potential for the future. The biggest bottleneck in the way of Tezos success is that it is too much dependent on decentralized apps that makes it fully dependent on market movements. The team of this cryptocurrency work really hard to change the world of technology, and the entire ecosystem that ensures participants benefit from blockchain-enabled functional advantages.
- Price prediction for the year 2021
It is completely true that Tezos has immense potential in the future and people are also understanding that so we can predict that the price can reach $10 by the end of the year if everything goes right.
- Price prediction for the year 2022
If the whole market turns in favor of this cryptocurrency and the growth of Tezos will touch the sky then its price can reach $30 by the end of the year.
- Price prediction for the year 2023
After around 3 years from today, we can say that the market would have accepted tezos and would give it a rise of $35. If everything is gone right because we can’t say who has predicted the pandemic.
- Price prediction for the year 2024
I think the market will continue the uptrend and will reach the price of $50. If the investors are bullish about the cryptocurrency.
- Price prediction for the year 2025
This year the cryptocurrency will see a major uptrend fueled by good performance over the year. The price could reach $60-70.
Note- All these predictions are from a personal point of view. This article doesn’t guarantee any price movement. We don’t take any responsibility for any kind of profit or loss and don’t give any kind of investment tips. Invest at your own risk.
