Cryptocurrencies came into the market with the evolution of Bitcoins and left the market and economy stunned with their impact on daily lives and people. The value of these cryptocurrencies even if less at first, peaked after getting a nod of support from none other than Elon Musk himself.
Equated with Gold, even though unpredictable in nature, Bitcoins continue to sweep across the state with their exceptional value and uses. Digital cash or Virtual Cash was a completely alien concept to people until it got trending since its launch in 2009, coming to be known as cryptocurrencies also Bitcoins.
Bitcoins made it easier by degrees to transact, spend, exchange, and invest using all the different versions of currencies all over the world, only cheaper and extremely easier this time. These cryptocurrencies can be exchanged for something or even bought with normal money and there is no bank involved in the process, these can simply be stored in online or offline banks, cold or hot wallets, hardware or software wallets.
Now, time and again since it was released, software or online storage has proved to be not so fruitful or secure for the owners of these cryptocurrencies. Because the private keys that help keep the assets safe are usually online with software wallets which makes them much more prone to the onslaught of hackers and theft.
Blockchain And Its Mechanism
With the evolution of cryptocurrencies, there came a varied number of different currencies, so now the cryptocurrencies were not just limited to Bitcoins. With this came a technology that promised to secure the funds and help further extend the barriers and limitations of these transactional records.
Blockchain technology came into use which when broken down can be defined as the blocks of a chain, with each block containing hordes of transactional records that can be accessed by other people taking part in the construction of the chain. Although efficient, this did have a setback because of how easily available the transactional information got to be to other people.
Tezos Blockchain
Tezos came after Bitcoins and backed by Tezos blockchain, a decentralized platform linked to the digital token named tez. Tezos blockchain is unique in itself because of how it rests power on all its stakeholders and enables them to make active alterations for the betterment of the Tezos ecosystem. Of course, these people are often native XTZ token holders.
Tezos Fundraiser Wallet
Tezos is supported in both offline and online wallets, now online wallets are a bit hazardous because of how vulnerable they are in nature and there have been multiple reports to date about the loss of coins from these wallets.
Hence, developments have caused various other hardware and software wallets with amplified security supporting tezos in the market economy. A few of these popular Tezos Fundraiser Wallet are Atomic Wallet, Galleon Wallet, and more.
We will be discussing Atomic Wallet here because it makes it easier for staking Tezos hence a Tezos Fundraiser Wallet. Atomic Wallet enables users to exchange XTZ for any other cryptocurrency and stake, they have a user-friendly staking interface and of course, one can get rewarded after the process is done successfully.
