• Latest
The $1 Billion Tezos Blockchain Is Officially Launching Monday

The $1 Billion Tezos Blockchain Is Officially Launching Monday

September 21, 2018
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

The $1 Billion Tezos Blockchain Is Officially Launching Monday

coinnewsdaily by coinnewsdaily
September 21, 2018
in Tech
0
The $1 Billion Tezos Blockchain Is Officially Launching Monday
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The “experimental” phase of the Tezos blockchain is soon to conclude.

Announced today, the Tezos Foundation will officially launch the protocol on Monday, at which point the platform, whose token supply is today valued at more than $1 billion, will no longer be in beta, meaning it will be fully operational and run by its community.

Still, the designation is admittedly a semantic one. Tezos launched a mainnet, or live blockchain version of its software at the end of June, and since then its XTZ tokens have been tradeable.

While the blockchain was being used as intended throughout that time – with the number of network participants and staked tokens on the rise – technically the blockchain could have been paused for maintenance at any time.

Ryan Jesperson of the Tezos Foundation, which maintains the code and pays developers, told CoinDesk:

“We have been happy to see the network operating smoothly and efficiently over these last few months. The community has been actively engaged, with more than 400 validators (‘bakers’) scheduled for an upcoming cycle and the community has been developing an array of exciting technologies.”

According to knowledgeable sources, the only outage that occurred on the network happened in mid-July when blocks weren’t properly validating for approximately an hour. The problem was addressed, and the blockchain has been running smoothly since.

When it first launched, only the Tezos Foundation validated transactions on the network, but on July 20 the foundation opened up to third-party validators.

Jesperson recently published a large update on the Foundation blog, detailing business updates such as auditing and grant-making, as well as speaking to some of the turmoil that preceded his tenure.

He wrote, “The turnaround was complex, occurred at high velocity and had us all intensely focused on success. To its credit, the entire team worked through the turmoil and produced exceptional work.”

The previous president of the foundation, Johann Gevers, stepped down in February, after a tenure in which many viewed him as stifling the launch of a protocol that set a record for the largest initial coin offering (ICO) of all time up that point – $232 million in July 2017.

Since Jesperson took over, along with a completely new board, the foundation has partnered with major auditing firm PricewaterhouseCoopers; actively funded academics, community members and entrepreneurs with interest in contributing to the ecosystem and set up the first set of validation nodes on which to launch the network.

Most recently, it announced funding for TezTech, a Tezos focused software shop with several projects underway, including a trustless scaling and custody solution, as well as APIs and software libraries.

The market capitalization for xtz currently hovers around $882 million, according to CoinMarketCap, with roughly $3 million in trading over the last 24 hours.

Greek columns photo via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: Crypto TechDigital Currency GroupJohann Geversmedia outletRyan Jespersonsoftware shop
Share76Tweet48
Previous Post

DAG Platforms Advancing as Experts Debate Potential

Next Post

FOAM Is Live: Decentralized World Map Launches on Ethereum

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
FOAM Is Live: Decentralized World Map Launches on Ethereum

FOAM Is Live: Decentralized World Map Launches on Ethereum

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,892.003.42%
  • ethereumEthereum(ETH)$1,674.436.21%
  • tetherTether(USDT)$1.000.22%
  • binancecoinBNB(BNB)$331.097.43%
  • rippleXRP(XRP)$0.4142653.22%
  • cardanoCardano(ADA)$0.4037345.51%
  • dogecoinDogecoin(DOGE)$0.0937921.39%
  • matic-networkPolygon(MATIC)$1.2412.97%
  • okbOKB(OKB)$40.197.36%
  • solanaSolana(SOL)$24.975.98%
  • polkadotPolkadot(DOT)$6.545.61%
  • litecoinLitecoin(LTC)$100.794.39%
  • shiba-inuShiba Inu(SHIB)$0.0000123.60%
  • tronTRON(TRX)$0.0636992.70%
  • daiDai(DAI)$1.000.13%
  • cosmosCosmos Hub(ATOM)$14.909.89%
  • chainlinkChainlink(LINK)$7.296.52%
  • moneroMonero(XMR)$179.152.87%
  • leo-tokenLEO Token(LEO)$3.37-6.57%
  • ethereum-classicEthereum Classic(ETC)$22.676.14%
  • bitcoin-cashBitcoin Cash(BCH)$138.404.90%
  • stellarStellar(XLM)$0.0934134.32%
  • filecoinFilecoin(FIL)$5.7311.36%
  • crypto-com-chainCronos(CRO)$0.0812783.35%
  • algorandAlgorand(ALGO)$0.2565738.26%
  • vechainVeChain(VET)$0.02496510.06%
  • internet-computerInternet Computer(ICP)$6.022.67%
  • aaveAave(AAVE)$91.8713.12%
  • eosEOS(EOS)$1.093.48%
  • elrond-erd-2MultiversX(EGLD)$44.405.48%
  • theta-tokenTheta Network(THETA)$1.098.18%
  • tezosTezos(XTZ)$1.115.50%
  • paxos-standardPax Dollar(USDP)$1.00-0.70%
  • huobi-tokenHuobi(HT)$5.282.05%
  • bitcoin-cash-svBitcoin SV(BSV)$43.733.00%
  • havvenSynthetix Network(SNX)$2.6415.62%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.287.40%
  • dashDash(DASH)$63.134.91%
  • iotaIOTA(MIOTA)$0.2353885.50%
  • zcashZcash(ZEC)$47.837.54%
  • makerMaker(MKR)$684.175.94%
  • neoNEO(NEO)$8.627.06%
  • zilliqaZilliqa(ZIL)$0.0287027.74%
  • basic-attention-tokenBasic Attention(BAT)$0.2727978.63%
  • compound-governance-tokenCompound(COMP)$56.599.90%
  • nemNEM(XEM)$0.0397738.43%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.974.91%
  • bitcoin-goldBitcoin Gold(BTG)$17.456.61%
  • qtumQtum(QTUM)$2.785.76%
  • sushiSushi(SUSHI)$1.4313.42%
  • wavesWaves(WAVES)$2.636.27%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,733.597.59%
  • golemGolem(GLM)$0.2461917.36%
  • omisegoOMG Network(OMG)$1.498.38%
  • ontologyOntology(ONT)$0.2169946.79%
  • digibyteDigiByte(DGB)$0.0112298.38%
  • umaUMA(UMA)$2.115.34%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%