Tezos’ Formula One (F1)Debut!
The Tezos cryptocurrency (XTZ) is now a player in the global Formula 1 (F1). Today Red Bull announced the following:
Red Bull Racing Honda today confirms a new multi-year technical partnership with Tezos, the world’s most advanced blockchain, as the Team’s Official Blockchain Partner. The energy efficient blockchain Tezos has been selected by the Team to build its first ever NFT fan experience.
Tezos is a pioneering and energy efficient open-source blockchain for assets and applications that, similar to Formula One, is constantly evolving with the very latest industry advancements. By design, Tezos uses a more energy efficient approach to secure its network which means it can operate cleanly, with minimal energy consumption and a negligible carbon footprint.
Why is the Red Bull story good for Tezos?
Despite the story is about getting attention to Tezos via the Formula One and the brand Red Bull. The core message is that Tezos is seen as energy efficient by big players in the industry.
Why is Tezos energy efficient?
Tezos uses a proof-of-stake protocol. This mechanism secures the network, like the known mining with Bitcoin.
The difference between mining and baking is that your power does depend on the amount of Tez you hold not on the hardware power you have.
Where can I get more infos on Tezos?
- The Tezos website: https://tezos.com/
- Best Tezos Exchanges:
Kind regards
Tezard
— You shall not parse! —
Disclaimer: Please note that this article is only a technical review. There is no investment advice given here. Please note that investing in cryptocurrencies can involve high risks. The reviews are based on our opinion. Please verify the exchanges on your own. Buying and storing cryptocurrencies on an exchange involve risks. Please inform yourself on the risks of cryptocurrencies. The term “passive income” means that you will be rewarded with Tez by participating in the network. If you can earn money depends on the current market prices of the Tezos coin, which can not be foreseen.