Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings.
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, Rated “B-”) is on fire.
It has surged by more than 190% in the past five weeks.
And now, it's breaking out to new bull-market highs well ahead of the other altcoins — even ahead of , Rated “A-”), the reigning King of Crypto.
Here are three of the success factors that explain how and why…
1. Flexible Governance
Without good governance, decision-making goes into limbo. The community of participants, developers and sponsors can rupture and split. Two or more competing blockchains can emerge.
Indeed, that’s exactly what once plagued Bitcoin, prompting to split off from the original Bitcoin. It’s also what caused to break away from the original , Rated “B+”). It was tantamount to civil war.
But such as an outcome is extremely unlikely at Tezos, thanks to a governance structure that is both flexible and democratic at its core. Any token holder can propose an upgrade, which is then voted upon by other token holders. If enough vote in favor, or “Yea”, then the upgrade is implemented across the network.
