Tezbox Web Wallet: Store And Transfer Tezos From This Web-Based Wallet
Cryptocurrency is highly popular these days, along with various wallets like the tezbox web wallet. People like to use cryptocurrency for making payments and for making transactions from person to person. The entire system of cryptocurrency is based on the blockchain system, which is decentralized. The entire system is controlled in a peer-to-peer ecosystem controlled by the government or any federal bank.
The currencies are transferred digitally, but the currencies are not transferred physically. Just the transaction is tallied in the blockchain ledger. This makes this entire ecosystem fraudulence free and reliable. There are many cryptocurrencies out there. One of the popular ones that created a huge wave with their initial coin offering is Tezos. Tezos is a cryptocurrency ecosystem based on smart contracts, and the token that is shared and transferred on this network is Lizzie or Tez. Let's learn more about the Tezos network and tezbox web wallet.
What is Tezos?
Tezos is a blockchain network that has its cryptocurrency tokens. This smart contract platform is highly useful and beneficial, especially in terms of development and upgrades. This entire ecosystem is based the on-chain governance. This means that the blockchain will not have to undergo any splitting or hard fork to accommodate upgrades and changes. They can implement the changes in the current blockchain only.
Another popular feature that makes the Tezos blockchain and tezbox popular is the POS (proof of stake) consensus. In this, the transactions can be confirmed and validated by the bakers. When a transaction gets approved, the baker responsible for that transaction gets paid. No mining is required, and no hardware is required to earn more Tezos. The Tezos is managed and developed through the community. This means that the changes are proposed, and the community votes on whether to implement the change or not. All these features make Tezos popular and one of the major competition to various front line cryptocurrencies.
Why is Tezos popular?
Many things can prove to be a hurdle in easy usage and easy upgrading to blockchains. Tezos and Tezbox access walletscan break those barriers, making this cryptocurrency highly capable of self amending, open to the community, and safe. Here are some reasons why Tezos is popular these days:
- POS consensus: the POS consensus is highly effective in building, marinating, and strengthening the network. The users can keep the network running by approving transactions and getting rewarded in return.
- Self amending: this means the network changes can be done directly on the blockchain, without any hard fork. This makes the blockchain susceptible to changes and developments with time.
- Community-based: the best thing is that the Tezos does not have a development team separately. Instead, the changes and modifications on the network are suggested by the users. Then the community decides whether to implement the changes.
What are crypto wallets?
When it comes to money, wallets are important. In terms of fiat currencies, people store their currencies in their pockets, in which the money is present in the physical form. When transacted, the money is transacted in the physical forms; that is, there is a direct exchange of hands. The wallets like the tezbox web wallet are also digital, just like the currency when it comes to cryptocurrency. The cryptocurrency is said to be stored in the wallets, and one can send and receive cryptocurrency through the wallets.
When one says the wallets have the cryptocurrency, it does not mean that the currency is present in the physical form. Instead, it means that the transaction records are kept in the wallets. These wallets are well-designed software programs, which allow the user to open an account and secure the account with a password. The wallets store the keys, which let the person make transactions. There are various wallets that one can find online for various cryptocurrencies.
Types of crypto wallets
When it comes to crypto wallets like the tezbox web wallet, one finds a huge variety online. These wallets are made with one objective only, and that is to keep the keys for transaction safe and let the user check their balance and make easy transactions. There are four types of crypto wallets:
- Hardware: these wallets are pen drive type device which can be carried around. All one needs to do is plug the device into any computer with an internet connection, access the account, and make transactions. This wallet type is quite safe as one will be carrying it with them.
- Desktop: this wallet type is unlike Tezbox and is the kind that is downloaded through the official website onto the desktop. One will have to access the wallet from that particular computer only. Also, these wallets are quite safe, and the only risk is if the computer gets hacked.
- Mobile: mobile wallets are applications that need to be downloaded on the device. One can carry the wallet with them all the time, as it is downloaded on the phone. Also, these wallets are simpler as they are for mobile usage.
- Online: these wallets are web-based, which means they are used from the internet directly. Like Tezbox access wallet, you can access these wallets from any place as one only requires a device with internet connectivity.
What is a tezbox wallet?
Like all cryptocurrency out there, Tezos too have their crypto wallet. Tezbox is a trusted and licensed Tezos wallet that can make Tezos tokens transactions and check balance. Before Tezbox, the Tezbox ICO was popular. But, now, the ICO is dismantled. However, one can easily merge the Tezos from the ICO to the main account. All one needs is the details that were used to create an ICO account. Tezbox is a simple, web-based platform, which means one can access the wallet from any device. All one needs to have is the password that will access the wallet and the Tezbox privatekey stored in it.
Using tezbox wallet
When it comes to using any cryptocurrency, there is always a certain level of complications that one may feel. But, Tezbox is unlike those wallets. One of the best things that make this wallet stand out is the simplicity with which one can create an account and start making transactions. When it comes to Tezbox, there are two things one should know:
Creating an account on Tezbox
Without creating an account, one cannot store Tezos in the wallet and, neither can make any transaction. The steps for creating a Tezbox login account are:
- Go to the official website. Click on the “create account” option.
- Next, a page will open. Check if the URL has “https” mentioned in it.
- It will display A mnemonic phrase of 15 words on the screen. Note that mnemonic down and click on the "continue" option.
- Now a page will open where one will have to fill the mnemonic phrase and then click on "Create a new account."
- On the next page, enter the high strength password and click on the “encrypt Tezbox.”
- You will create the account on the tezbox wallet and, one can start transacting Tezos.
Restoring Tezos on Tezbox
During the initial coin offering or ICO, many people bought new Tezos. Then, the Tezos were stored in the Tezbox ICO. Now, the ICO is dismantled, and users need to restore the coins from ICO to the Tezbox account. Here are the steps to follow:
- Go to the official website and click on the “restore account” option.
- Next, a page will open on the Tezbox wallet site. Check if the URL has “https” mentioned in it.
- Now, a page will open where one will have to fill in the ICO secret key given during ICO account formation, public key, the email address used in ICO, and ICO password.
- Now click on the”restore account” option.
- Now, one will receive an activation code, which is to be used for activating the Tezos address.
- Finally, the tezos from ICO will merge with the Tezbox.
Benefits of using tezbox
Tezbox is a simple wallet that will help in keeping one's Tezos safe and secure. One can also easily merge their ICO tezzies with the main account by providing a few simple details. Some of the benefits of using Tezbox are:
- Secure: the tezbox web wallettechnology is highly secure as one can keep their private keys safely. The Trezor and Ledger is the technology that is used to safeguard the Tezbox wallet. Also, continuous auditing takes place to keep the wallet secure.
- Ease of use: one of the things that make the Tezbox stand out among many digital wallets for cryptocurrency is; the easy interface. The wallet is easy to use due to its simple programming.
- Decentralized: the Tezbox is decentralized. This means one can access the tokens easily and without any restrictions.
Crypto wallets are highly useful. If one wants to above the freedom to make transactions, keep a check on the crypto balance. Tezbox web wallet is the popular Tezos wallet that makes the transfers and management of Tezos tokens easy and fun.
TezBox - Wallet Application 