Tezos (XTZ) Outperforms Bitcoin And Becomes The Best Digital Currency To Invest In 2020
- Bitcoin has remained ahead of the competition. Even in 2020, after a slump in March, Bitcoin has climbed by 30%.
- Bitcoin might not be the best digital currency to invest in 2020.
- The best cryptocurrency to invest in right now is Tezos, which trades under the name XTZ.
Since its introduction in 2008, Bitcoin has barely had the perfect run. But recently, since its prices jumped in 2017, Bitcoin has remained ahead of the competition. Even in 2020, after a slump in March, the Bitcoin price
has climbed by 30%. However, Bitcoin might not be the best digital currency to invest in 2020. Per Forbes’ latest coverage, The best cryptocurrency to invest in right now is Tezos, which trades under the name XTZ.
Tezos is a minor cryptocurrency that has jumped from 15th place according to market capitalization to under 10th place, since the beginning of 2020. It seems to be a favorite choice for startups and companies for their projects. If it continues at this pace, experts predict that it will provide some serious competition to Bitcoin and the rest of the currencies at the top of the chart.
Why is Tezos hottest crypto right now?
Unlike Bitcoin, Tezos uses a proof-of-stake and not a proof-of-work. People cannot mine Tezos. This also means that miners do not have to solve mathematical equations for Tezos as they have to do for Bitcoins. Having a proof-of-stake blockchain also makes Tezos much less resource-intensive and much more scalable. Additionally, if users store their Tezos funds in certain wallers, they are able to receive additional tokens as rewards. The Tezos Faucet actually provides stiff competition to the Bitcoin Faucet as well.
An overview of the matter
Even though it is a minor cryptocurrency and has just started to rise, Tezos seems to have been able to hit the right spots and is cruising ahead. While it might be slightly alarming for market leaders such as Bitcoin or Etherium, the rise of Tezos is very promising for the future of the crypto networks and shows a greater degree of diversity.