Tezos (XTZ) Wallet

Access or download the Magnum Wallet app with Tezos (XTZ) support. Magnum is an ultimate crypto wallet supporting more than 60 different blockchains, providing advanced features such as passive income, built-in exchange, hardware wallets support, etc. In Magnum, you have full control over your private keys.
Wallet Features
Claim Airdrops
The easiest way to catch up
on missed airdrops and forks
Manage Coins
Send, receive and exchange
your crypto assets
Instant Exchange
Swiftly exchange your coins
and tokens at low rates
Decentralized
Magnum does not have any access
to your private keys
Truly Light
None of your personal information is
saved in the wallet at any time

Tezos – a Community-Driven Smart Contract Platform

What is Tezos?

Tezos is a self-amending smart contract platform that is the brainchild of Arthur and Kathleen Breitman. The Whitepaper was released in 2014, and three years later Tezos went on to have the biggest initial coin offering (ICO) by amount raised at the time. The project is now up and running, with its native cryptocurrency Tez or Tezzie (XTZ) having gained significant market capitalization.

Baking & Governance

From the start, Tezos was created to be an evolving network, so token holders can vote on pending protocol developments, for which there is a rigorous mathematical basis. The proposal election (voting) cycles ensure that only the most popular decisions are made at all times. Additionally, Tezos has a unique consensus mechanism known as Liquid Proof-of-Stake (LPOS), in which randomly chosen stakeholders called bakers validate blocks, while “endorsers” guarantee the legitimacy of these blocks by submitting an operation that specifies they have validated the previous one. Both bakers and endorsers can represent their own account balance or someone else’s, but only once they’ve had a security deposit frozen for a number of blocks. There are other rules, too, many of which are subject to change in the future.

Smart Contracts

Just like in Ethereum, one can create smart contracts and build decentralized applications in Tezos, and there are already quite a few projects live on its blockchain. There are two languages used when writing smart contracts in Tezos – Michelson, which is low-level and designed to facilitate formal verification, and Liquidity, which compiles into Michelson and is more user-friendly. Compared to other platforms like Ethereum and Tron, Tezos remains a strong alternative, and its greatest advantages are low costs and its big and helpful community of enthusiasts, as well as the democratic nature of governance.

Where to store Tezzies?

Choosing a good wallet for storing your cryptocurrencies is the best way to secure your digital assets. Magnum Wallet allows you to easily and safely manage your funds in Tezos and exchange them instantly if you need to. Moreover, Magnum is widely considered one of the best wallets for delegation, so you will not lose out on any extra coins coming your way. Choose any baker and delegate funds in just a few clicks.

 

Create Tezos Wallet