What is Tezos?
Tezos (XTZ) is a cryptocurrency that hosts dApps and smart contracts on its blockchain. The platform is a community based blockchain that uses the inputs to improve its reliability and security to be an efficient blockchain. In July 2017, Tezo raised $232 million in its initial coin offering (ICO), making it one of the highest-funded projects to date. As of today they are one of the top 25 blockchain projects.
What does Tezos do?
Tezos is a delegated proof-of-stake (dPoS) blockchain with a decentralized, community-based vision. Offering an on-chain governance model that relies on stakeholders managing the blockchain, Tezos delegates managerial and ruling power to its users, who are able to vote even for their desired developers to work on improving Tezos’s blockchain architecture. A third-generation chain, Tezos provides support for both dApps and smart contracts, and implements a new smart contract programming language, Michelson, that allows for formal verification--essentially a way to prove mathematically that a smart contract has no possible bugs.
How does Tezos work?
Tezo’s self-amending platform makes it able to change the rules for decision making. Due to Tezo’s unique modular design with separate, distinct layers, upgrading the protocol is as simple as changing each layer for another, thereby preventing the occurrence of hard forks (and the damage they would cause).
How to use Tezos on Cobo Wallet
Cobo Wallet is proud to announce that it will be supporting Tezos (XTZ) in users’ Cloud Wallets as of Version 3.9. Users may download Cobo Wallet today and safely store their XTZ with Cobo.
Founded in November 2017 by former Facebook engineer, Changhao Jiang, and founder of F2Pool, Discus Fish, Cobo is a leading developer of consumer blockchain products that make it easy for anyone to own and use cryptocurrencies. Cobo’s flagship software wallet, Cobo Wallet, debuted in February 2018 and is the first Proof of Stake cryptocurrency wallet that passively earns cryptocurrency rewards for its users while supporting both a Cloud wallet and HD Wallet with an embedded DApp store.
To date, Cobo Wallet has 500,000 users globally and supports up to 30 cryptocurrencies and 500 tokens on main blockchains including ETH, EOS and Tron. Adding to its portfolio, Cobo Vault, is the world’s first all-around secure cryptocurrency hardware wallet, with military-grade security.
Cobo is headquartered in Beijing, with offices in Shanghai, Xi’an, and Seattle. For more information about Cobo, visit Cobo
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