The Tezos blockchain is nearing the end of its experimental phase.
The Tezos Foundation said today that the protocol will officially launch on Monday. Ending the platform’s beta phase and making it fully functioning and community-run.
The divergence is, of course, merely conceptual. Tezos’ mainnet, or live blockchain, the software deployed by late June, and its XTZ tokens were for sale.
At any time throughout that period, the blockchain may shut down for maintenance.
Tezos Foundation
The Tezos Foundation, which controls the code and pays developers, informed CoinDesk that the network has been performing well recently. The community has been very active, with over 400 validators (bakers) expected for the next cycle.
According to reputable sources, the network had one outage in mid-July when blocks failed to validate for an hour. The issue resolves, and the blockchain operates normally since then.
Initially, only the Tezos Foundation certified network transactions, however on July 20, the foundation allowed third-party validators.
To address the controversy surrounding his hiring, Jesperson recently released a lengthy update on the Foundation blog.
According to Jesperson, the turnaround was complex, occurred at a high rate, and required everyone to completely focus on success. To its credit, the entire team persevered in the face of adversity and generated outstanding results.
Johann Gevers, the foundation’s previous president, stepped down in February following a stint during which many saw him as delaying the development of a protocol that broke the record for the highest initial coin offering (ICO) of all-time – $232 million in July 2017.
The foundation’s previous president, Johann Gevers, stood down in February after delaying the development of a protocol that broke the record for the biggest ICO ever, $232 million in July 2017.
TezTech, a Tezos-focused software firm with numerous projects in the works, including a trustless scaling and custody solution, as well as APIs and software libraries, just received investment.
According to CoinMarketCap, the market value of xtz is presently about $882 million, with roughly $3 million in transactions in the previous 24 hours.
