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The "experimental" phase for the Tezos blockchain is over.
On Monday morning, the Tezos Foundation will officially announce that the protocol will no longer be in a beta period, and instead will be a complete mainnet, launched and managed
Tezos has launched a mainnet version, or live blockchain of its software to end of June, and since then its xtz tokens have been tradable. While the blockchain was being used as planned for all that time – with the number of network participants and tokens pointing up – technically the blockchain was in beta and could be paused for maintenance at any time.
Through a spokesperson, Ryan Jesperson of the Tezos Foundation, who maintains the code and pays the developers, told CoinDesk:
"We were delighted to see the network run smoothly and efficiently in the last few months. actively engaged, with over 400 validators ("bakers") scheduled for an upcoming cycle and the community has developed a series of exciting technologies. "
According to informed sources, the only interruption that has occurred on the network since The June launch took place in mid-July when the blocks were not properly validated for about one hour. The problem has been solved and since then the blockchain has worked smoothly.
When it was launched, only transactions validated by the Tezos Foundation on the network, but on July 20, the foundation opened to third-party validators.
Jesperson recently published a major update on the Foundation's blog, with details on corporate updates such as auditing and grantmaking, as well as talking to some of the unrest that preceded his term.
Jesperson wrote: "The turnaround was complex, it occurred at high speed and we all focused intensely on success and, to its credit, the whole team worked through the riots and produced a job exceptional. "
The previous president of the foundation, Johann Gevers, resigned in February, after a mandate in which many he was stifling the launch of a protocol setting the record for the largest initial offer of coins (ICO) of up to that time – $ 232 million in July 2017.
Since Jesperson took over, along with a completely new board, the foundation worked with the independent auditor PricewaterhouseCoopers; actively funded academics, community members and entrepreneurs interested in contributing to the ecosystem and establishing the first group of validation nodes on which to start the network.
More recently, it announced the financing of TezTech, a software shop dedicated to Tezos with several ongoing projects, including a trust-free downsizing and custody solution, as well as APIs and software libraries.
The market capitalization for xtz hovers around $ 882 million, according to CoinMarketCap, with about $ 3 million trading in the last 24 hours. [19659002] Photo of Greek columns via Shutterstock
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