6. Thoughts about Tezos

Bitcoin is one crypto coin which based on proof-of-work. Bitcoin are produced by cryto mining. The concept of Tezos based on proof-of-stake. This is one reason why I am focusing on Tezos. The difference to other proof-of-stake coins is that Tezos calls staking baking. Therefor you need a Baker.

I played arround with different crypto coin and wallets. One coin which was all the Time in my portfolio was Tezos. With the tools I am presenting I starting to have personal control over my assets. That makes me independent from a wallet.

One should know that crypto coins are on the blockchain in the network and not in a wallet or elseware. So it seems important to me that a crypto coin offers a good interface that people with basic knowledge can interact with the blockchain.

A crypto coin exchange is not a good choice, because they control you crytos, when they control the private keys. If something went wrong your crytos are lost. Better are hot wallets, but you depends on them, and have to believe, that you can use public and private key elseware if the wallet shuts down.

A paper wallet is nothing else than a sheet of paper with public and private key combined with a QR code representation. Based on my scripts you are able to realise a walket on your own which can be online managed as well as a offline wallet. I am thinking about writing a module which writes in a first step public and private key to a PDF and in a second step to integrate QR code.

Transactions with Tezos are fast e.g. in comparison to Ethereum. And the fees one has to pay are low or moderate respectively.