What is Tezos? (in 60 seconds)
Published in
1 min readMay 19, 2020
Tezos is a popular coin that uses liquid staking as an attribute of its blockchain (proof of stake). The Tezos community bakes (stakes) their Tezos instead of mining. Staking is the process of holding cryptocurrency in a wallet for a set period of time to earn interest on it. A wallet is an exchange, app, or physical device holding cryptocurrency (keys).
You can earn up to a 5% return on investment for holding Tezos in a staking wallet. While staking, the Tezos reward is paid to holders on a timed basis. Currently, Tezos is one of the best performing coins on the market, and is ranked in the top ten my market cap.
