Tezos
Ever since its launch in 2018, Tezos has cemented itself as a top blockchain and continues to rise in popularity. If you want to begin your journey in Tezos, we should first understand what Tezos is and what sets it apart.
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Tezos is a blockchain that gathers information into groups and facilitates the process of recording transactions and tracking assets. The cryptocurrency native to Tezos is called a tez(XTZ). Tezos has several features that differentiate it from other blockchains.It has very low energy consumption, with the cost of minting being compared to a tweet, and the blockchain can be democratically updated, making forks less likely to occur.
Tezos could double it’s value in 2022 and is on track to become one of the top cryptocurrencies.
You can follow these steps so your experience with Tezos runs smoothly.
Step 1. Pick a Wallet
A digital wallet is used to buy, trade, and sell digital assets. There are several types of wallets to choose from, so it’s important to find out each of their specific features and see which one is the best fit for you. This guide compares 10 wallets used for interacting with the Tezos ecosystem.While it’s important that your wallet fits you the best, some notable features of a wallet might be
Security
Privacy
NFT support
Networks Supported
Step 2. Protect yourself from scams
In crypto industries, artists, investors, and collectors can be targeted for scams. Some scammers might pose as tech support and make customers divulge confidential information. Or frauds could appear as profitable deals with very little effort. Scams come in many forms and it’s important to safeguard yourself. Here are some tips on how you can protect yourself.
Don’t share security codes or passwords with those posing as Crypto exchange officials
Make sure crypto and NFT sites you normally use are bookmarked so you never click on fake links
When purchasing NFTs, use the link that was provided by the creator
Avoid holding all of your assets in one place
Never share your private keys and passwords with anyone
Remember that if something is too good to be true, it’s probably not real.
Step 3. Purchase tez(XTZ)
You will need to purchase tez and transfer it to your digital wallet in order to pay fees associated with NFTs. Most exchanges charge a certain amount when you buy crypto and NFTs. This fee is known as a “gas fee.” Collectors pay gas fees when they buy and sell NFTs and Artists pay gas fees when they mint their NFTs.
Tez can be bought through platforms like Coinbase and Binance and then transferred to your wallet. Here is a guide on how to trade tez on Coinbase.
Step 4. Go to Tezos NFT Platforms
Once you have your wallet set up and funded, you can now choose which NFT platform you would like to use. Some of the most popular Tezos NFT platforms are Objkt, One of, Hicetnunc, and Kalamint.
To purchase a NFT from a marketplace like hicetnunc.xyz or Kalamint, you will need to sync your wallet to the marketplace. Let’s say you want to purchase a NFT from hicetnunc.xyz. At the top of the site you will see a “sync” link next to the 3 lined icon. Click on “sync” to sync your wallet.
Step 5: Engage in the Tezos Community
If you want to catch good projects, you can follow various NFT artists, collectors, and communities on Twitter. That will help you get an idea of which quality projects are being dropped and where! You can also join the Tezos subreddit and discord if you want to further immerse yourself in Tezos culture.
It seems like 2022 is going to be a great year for Tezos. However, always do your research and understand the risks.