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Tezos (XTZ) ensuring privacy as an endless matter and about achievements in 2020

Tezos Israel is known as an innovation center. They have developed a security device to better secure the assets of Tezos investors that has been deployed by / with the Tezos Network Validators.

The staked assets should be well protected. The hardware device proposed by Tezos Israel can be particularly helpful.

Tezos are known to be based on the blockchain network for proof of stake. The Tezos security device better protects the network validators’ staked assets.

Tezos Israel developed the hardware module in cooperation with Hub Security. This allows auditors (bakers) to store their private keys either in a secure physical unit or in a secure cloud to prevent theft and access to their assets due to network disruptions.

Eyal Moshe, CEO of Hub Security, stated that network validators should use large amounts of cryptocurrency to qualify as validators on the network. During this time, the funds will be blocked for a period of time. Strict security is required to make this process safe.

This new hardware has a mini hardware security module (HSM) that works like a remote control in the hands of the user / investor. The software enables two-factor authentication. This gives bakers a better alternative to preexisting cryptocurrency hardware wallets that should be connected to the network when the reviewers run the network.

HSM technology enables the “secure use of encryption keys and secret information in order to operate confidential applications while ensuring absolute secrecy and privacy”.

Commenting on the topic, Sydney Ifergan, the crypto expert, “Tezos (XTZ) know full well that privacy is an endless matter, and I see their teams regularly launch new products like HSM technology to protect Develop privacy. “

Tezos (XTZ) Basics for DeFi

The Tezos Foundation has expressed that it has had some of the greatest achievements in the Tezos ecosystem over the course of 2020. The reporting year Tezos 2020 contains a list of the same.

The strength of the Tezos ecosystem is their team. The various Tezos teams from around the world have developed new products. New developers are integrated into the ecosystem. All of this has happened despite the disruption of the pandemic. Updates on their performance were rated as technical and as an adoption page.

On the technical side, they pointed to developments in the adoption of two new protocol proposals, Carthage and Delphi, and Edo. The new schedule for log update with regular cadence for proposals in 2021 and beyond. The new token standard FA2 supports different areas of token types and multi-asset contracts. Integrations such as Truffle Suite and Beacon SDK simplify Tezos’ intelligent contract development. The introduction of Harbinger Oracle, SmartPy, Cryptonomics ongoing efforts to integrate chain link oracles was highlighted.

In addition, reference was made to the work of Bender Labs to migrate the existing tokens with the start of Dexter to Tezos and camlCase. Therefore, much preparatory work was done in 2020 for the further development of the DeFi ecosystem on Tezos.

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Thank you, the TCAT team


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