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Tezos Goes Big
I really didn’t want to write this, I swear. I have real work to do, podcasts to edit and my daughter is home sick; but, it’s like holding in a sneeze, when I have something to say it’s best to get it out.
This is not about the @tezos event at Art Basel Miami. It may be what is driving the conversation but this is not really about the displays in a lobby of a hotel.
This is the culmination of years of disrespect to a driving force of adoption and endemic of the crypto space (and society) at large.
Art rejuvenating dead space is not a novel concept. In fact, in Miami, there’s an entire area that could have been used as a template by all blockchains. It’s called Wynnewood, look it up and you’ll get the New York Times article I reference all the time.
What was once an industrial park became a hub for restaurants, music and entertainment: culture.
Why? Because some graffiti artists began painting on the cold gray walls of a concrete jungle.
Did those artists share any of the financial gain brought to the neighborhood? No, but think of the exposure!
Web3 was not built by nor built for creatives like us (yea, I’m putting myself in that group, shut up about it). It was built by boys and men that look, talk and act like me (white, male, presumable douchey based on appearance) but lack a moral and emotional foundation.
They use the right words, have picked up key phrases and platitudes, but at the core it’s not about the things many of us value. It’s not about art.
It’s not about a reorganization of institutions that were built to keep specific classes, races and sexes subservient.
It is not building a utopian-Marxist future where the moral and decent are rewarded financially for their collective effort.
Look at the state of streaming services: Netflix, Hulu, Paramount, Peacock, Max. What was once meant to disrupt the cable industry has now become Cable Networks 2.0.
The same is true in crypto. What started as a revolution has become a hype parade led by influencers masquerading as cultural relevance.
Remember the @TezosFoundation Permanent Collection drama? In a Twitter space shortly after things began to spiral downward, one of the leads made a comment on the criticisms, “if this is the response maybe we won’t do this again.”
We all knew it then.
But many of us came here to create something better. So we, many of them my friends, gave second chances, put a positive spin on it and took their opportunity when it was offered.
I was jealous.
Because I would have done the same.
UNDRGRND is just me: a stay at home dad, taking care of a toddler who disrupts the means of production constantly. I know how hard it is to put together something and share it with an audience.
But so does every artist I write about.
So when we watch people with large budgets, people who are able to make a living on crypto already, getting paid to present the work of others and the result is done with the level of care it takes to hang a Missing Cat poster on a telephone pole, it’s infuriating.
Many of the artists I’ve gotten to know over these past three years were creative directors in their web2 lives. Do you know what they could have done with a fraction the amount of money @tezos has in its war chest?
It’s disrespectful.
It always has been.
I’m going to push post on this in a few minutes and the anxiety is rising. I know others are going to criticize what I’m launching in the coming months.
I’m in a glass house throwing rocks.
The difference is I’m not deluded enough to think I have all the answers or have an ego like I’ve done anything yet.
I’m just a guy writing about the things I like while my four-year-old sleeps on me.
This was never about the display.
It was about the devaluation of creatives for years and the continuation of a broken social contract that promised an idealistic future.
So heed the lesson because we’re tired of this shit.
And I’m fucking coming…
- Founder of UNDRGRND, @NFTjoe
#undrgrnd#tezos (xtz)#nftmagazine#nftcommunity#nftgallery#nftcollection#cryptoart#crypto#nft#nft4art#miami#digital art#artwork#art#artists on tumblr#gif art#art basel#miami beach#art week#art miami#louis vuitton
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✅ Andra Capital and Tezos to Launch Silicon Valley Coin ✅

San Francisco based venture capital firm, Andra Capital has announced the launch of its own token: Silicon Valley Coin (SVC). The firm plans to issue it through a Security Token Offering in a partnership with both Tezos Foundation and Token Soft.According to the announcement, the SVC token will be built on Tezos Blockchain network and it will utilize TokenSoft’s issuance platform.
Read Out More 👉 https://bit.ly/37jpqQx
#cryptocurrrency#cryptonews#cryptocurrencymarket#cyptocurrenies#SanFrancisco#SVC#AndraCapital#Tezos#TokenSoft#TezosBlockchainnetwork#SiliconValleyCoinofferings#TezosFoundation#TezosBlockchain
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The price of Tezos (XTZ) has more than doubled over the past week. The token is close to breaking the May all-time high of $8.42. Tezos is growing parabolically Tezos reached the all-time high (ATH) of $8.42 on May 7, 2021. The altcoin then experienced a 75% correction to a macro low at $2.10 on 20 July. After a three-month consolidation in May-August, the token broke out above the resistance area near $4 (green rectangle). It then reached the 0.618 Fib retracement of the entire downward movement and turned the $4 resistance into support on September 7. A day later, the price generated a hammer candle (blue arrow) to start a parabolic upward movement from 9 September. Over the past week, XTZ has doubled in price and is reaching $8 at the press time XTZ future movement The nearest target for XTZ price action is the ATH level at $8.42. However, even a daily close above the $7.58 area, which is the top of the body of the highest daily candle, would be a bullish signal. The next targets are determined using the external Fib retracement. After a possible breakthrough of the ATH, XTZ will target $10.14 and $11.04 levels at the 1.272 and 1.414 Fib retracement. If these are broken through, the next resistance levels are at $12.33 and $14.75, which correspond to the external retracement of 1.618 and 2 Fib. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #xtz #tezosnews #tezosnft #tezosmarkets #tezos #tezosxtz #tezoscoin #tezosfoundation #tezoswallet #tezosblockchain #tezoscryptocurrency https://www.instagram.com/p/CT0F6nQMTVn/?utm_medium=tumblr
#xtz#tezosnews#tezosnft#tezosmarkets#tezos#tezosxtz#tezoscoin#tezosfoundation#tezoswallet#tezosblockchain#tezoscryptocurrency
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Major Swiss cryptocurrency broker Bitcoin Suisse has added high-security custodial support and staking services for Tezos (XTZ), with an eye to its institutional clients. ⠀ In an announcement on May 19, Bitcoin Suisse — which custodies over $1 billion in assets — revealed it was going live with XTZ delegation and custody support using its Bitcoin Suisse Vault, which completed an ISAE 3402 audit by PwC last fall. ⠀ Similarly to other Proof-of-Stake (PoS)-based blockchains, Tezos investors are able to earn a form of “interest” by staking (depositing) their tokens to both maintain the network and earn rewards. ⠀ Commenting on the launch of Bitcoin Suisse’s PwC-audited storage solution, Roman Schnider, CFO and Head of Operations at the Tezos Foundation, noted: ⠀ “Tezos was created with fundamental security features like formal verification that allow for institutional-grade smart contract security. As more institutional adopters and investors get involved with the Tezos protocol, institutional-grade custody services […] will be an integral part of the ecosystem.” ⠀ Last month, Bitcoin Buisse had also been among the partners supporting the launch of a new Bitcoin-backed token on the Tezos blockchain, dubbed “tzBTC.” ⠀ Please let me know what you think about this. ⠀ Follow Us on Instagram 🙏: @intocryptonews ⠀ See All The Latest Crypto News On The Website: - http://intocryptonews.com/ ⠀ #BitcoinSuisse #tezosblockchain #blockchaincommunity #cryptonews #blockchain #crypto #blockchainadoption #blockchainrevolution #tezosbaking #tezosfoundation #intocryptonews #tezos #blockchainlife #tezoscommunity #cryptocurrencies #cryptolife #cryptocurrency #cryptotalk247 #lovetezos #blockchainnews #xtz #tezoscoin #blockchaine #xtznews #cryptocurrencynews #tezosnews #tezosxtz https://www.instagram.com/p/CAbadlsgm2E/?igshid=tilp1yc8ougc
#bitcoinsuisse#tezosblockchain#blockchaincommunity#cryptonews#blockchain#crypto#blockchainadoption#blockchainrevolution#tezosbaking#tezosfoundation#intocryptonews#tezos#blockchainlife#tezoscommunity#cryptocurrencies#cryptolife#cryptocurrency#cryptotalk247#lovetezos#blockchainnews#xtz#tezoscoin#blockchaine#xtznews#cryptocurrencynews#tezosnews#tezosxtz
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Tips and hacks for running a successful Tezos node
If you're running a Tezos node, there are a few things you can do to make sure your node is running efficiently and contributing to the network. Here are some tips and tricks:
1. Keep your client up-to-date: Make sure you have the latest version of the Tezos Client installed on your machine. This will ensure that you're using the most up-to-date protocol and blockchain data.
2. Keep your nodes running constantly: Never let your nodes go idle for more than a few minutes at a time. The more your node is running, the less you'll be using electricity and the better it will help your node contribute to the network.
3. Monitor your nodes Be sure to monitor and understand how much bandwidth Tezos nodes are consuming. You can do this by monitoring your local node's load from within the client.
4. Keep an eye on your wallet The wallet is where your funds are stored and is the most critical part of running a Tezos node.
Running a successful Tezos node can be difficult, but with a little effort and knowledge, it is possible. This article provides tips and tricks to help make running a Tezos node easier. These include setting up a secure environment, understanding the network protocol, and optimizing performance.
Running a node on the Tezos network is essential for participating in the network and maintaining a full copy of the ledger. Here are some tips and tricks to help you get started.
1. Before getting started, make sure you have installed the Tezos software. You can download it from tezos.org or follow instructions here.
2. Once you have installed Tezos, start by creating a new wallet. To do this, open up tezos-wallet-setup and follow the prompts. This will create a new wallet file in your home directory. 3. Once you have a wallet, you can go to http://localhost:8081 to spin up your node.
4. Follow the instructions on the screen to complete your node setup. 5. You will be asked for a hostname to use for your node so that other nodes can discover it and connect to you. For example, you might name your node jane or bob.
Running a successful Tezos node can be a challenging task, but with the right tips and tricks, it's possible to make it work. Here are some tips to help you get started:
1. Have a robust understanding of the blockchain - Before you start hosting Tezos nodes, make sure you have a good understanding of the blockchain and its properties. Understanding how blocks are created, validated and propagated is key to running an efficient node.
2. Have a robust network infrastructure - A strong network infrastructure is essential for hosting Tezos nodes. However, it can be difficult to get a fully robust network. So, the following are some tips to help you get there: - Ensure that your DNS servers are capable of resolving Tezos nodes. - Ensure that your routing rules allow traffic on port 9001 (standard tezos node port). - Ensure that your firewall rules allow traffic on port 9001. - Enable Tezos monitoring via Nagios or Zabbix. (See https://github.com/TezosFoundation/tezosd for example). - Check that you can connect to other nodes and the blockchain.
3. 2.2. Geth¶ There are two primary ways to run a Tezos node: via go-ethereum (Geth) and via Geth + Truffle framework. The following section will cover running Geth. 3 2.2.1. Installing and Running Geth Download Geth from github https go-ethereum geth If you are unsure what version of Go to use, see the The definitive reference on Go: Using Go 1.
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Cryptocurrency Market Update: Tezos Jumps 25% as Mainnet Launch Looms
FOMO Moments
Markets are pretty flat this Saturday; Tezos, Monero, and Nano are having a good start to the weekend.
Crypto markets have remained steady as we enter the weekend. No more gains have been made but they haven’t dumped again either. Total market capitalization has remained above $200 billion for the time being.
Bitcoin has not moved in 24 hours and is still trading at $6,530. It could go back up to $6,600 and either bounce off the resistance level or make a break out. Technical indicators are siding with bearish momentum at the moment. Ethereum has maintained its gains and has added another 4% today to take it to just above $215.
Altcoins are mostly in the green this morning according to Coinmarketcap. The top ten sees Monero out in front with an 9% gain to $122, while Litecoin is up 7% to $58 and Bitcoin Cash has lost out slightly. Further down the list things are pretty flat, Binance Coin is up 5% and Zcash 6%. Nano is doing well today also with a gain of 14% to $2.67.
Today’s FOMO champion is Tezos which is pumping 25% on the day to trade at $1.62. On the week XTZ has climbed 38% from $1.23 and volume has surged from $2 million to nearly $7 million on the day. Tezos mainnet launch is imminent and Monday will see it go live;
Have a great weekend, everyone, because mainnet arrives Monday!
— Tezos Foundation (@TezosFoundation) September 14, 2018
This is driving weekend momentum and Gate.io is getting most of the trade with over 70%. Tezos has made almost 40% on the month when most other altcoins have crumbled. After Tezos and Nano, Maker, Aurora and MOAC are the only other altcoins in double figures at the moment with the three tokens up 10 – 12 percent on the day.
Total crypto market capitalization has crept up about one percent on the day and is currently at $202 billion. Trade volume however as cooled off dropping from $14 to $11 billion. Bitcoin dominance is also falling back a little and is now down to 55.6%.
More on Tezos can be found here: https://www.tezos.com/
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Tezos Jumps 25% as Mainnet Launch Looms appeared first on NewsBTC.
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Cryptocurrency Market Update: Tezos Jumps 25% as Mainnet Launch Looms
FOMO Moments
Markets are pretty flat this Saturday; Tezos, Monero, and Nano are having a good start to the weekend.
Crypto markets have remained steady as we enter the weekend. No more gains have been made but they haven’t dumped again either. Total market capitalization has remained above $200 billion for the time being.
Bitcoin has not moved in 24 hours and is still trading at $6,530. It could go back up to $6,600 and either bounce off the resistance level or make a break out. Technical indicators are siding with bearish momentum at the moment. Ethereum has maintained its gains and has added another 4% today to take it to just above $215.
Altcoins are mostly in the green this morning according to Coinmarketcap. The top ten sees Monero out in front with an 9% gain to $122, while Litecoin is up 7% to $58 and Bitcoin Cash has lost out slightly. Further down the list things are pretty flat, Binance Coin is up 5% and Zcash 6%. Nano is doing well today also with a gain of 14% to $2.67.
Today’s FOMO champion is Tezos which is pumping 25% on the day to trade at $1.62. On the week XTZ has climbed 38% from $1.23 and volume has surged from $2 million to nearly $7 million on the day. Tezos mainnet launch is imminent and Monday will see it go live;
Have a great weekend, everyone, because mainnet arrives Monday!
— Tezos Foundation (@TezosFoundation) September 14, 2018
This is driving weekend momentum and Gate.io is getting most of the trade with over 70%. Tezos has made almost 40% on the month when most other altcoins have crumbled. After Tezos and Nano, Maker, Aurora and MOAC are the only other altcoins in double figures at the moment with the three tokens up 10 – 12 percent on the day.
Total crypto market capitalization has crept up about one percent on the day and is currently at $202 billion. Trade volume however as cooled off dropping from $14 to $11 billion. Bitcoin dominance is also falling back a little and is now down to 55.6%.
More on Tezos can be found here: https://www.tezos.com/
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Tezos Jumps 25% as Mainnet Launch Looms appeared first on NewsBTC.
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PwC Switzerland to Audit and Examine Tezos’ Finances and Operations
Tezos Foundation, cryptocurrency and blockchain company, announced on Monday that it will to hire the ‘big four’ financial firm PriceWaterhouseCooper (PwC) Switzerland to audit the Tezos Foundation. The move is aimed at making sure that the Tezos community and its observers can trust their operations and use of finances.
We want to provide trust and accountability to our community, so we welcome @PwC_Switzerland as our new external auditor. #Tezos #PwC https://t.co/at04qlleY4
— Tezos Foundation (@TezosFoundation) July 23, 2018
Tezos Foundation is a secure, future-proof smart contract blockchain with a built-in consensus mechanism. Tezos is marketing itself as an alternative to other blockchains like Ethereum, Bitcoin, and ZCash. Its primary focus is the promotion and development of the Tezos protocol and related technologies, as well as the promotion and support of applications using the Tezos protocol. It also promotes and develops new technologies and applications in the areas of open and decentralized software architectures.
Last year, Tezos was involved in scandal becouse of spat between the management. However, the events didn’t prevent Tezos from becoming one of the top ICOs in terms of the amount of funds collected in 2017. In June of this year, Tezos launched its network based on Proof of Stake for beta testing, using a proof-of-stake consensus mechanism each time transactions are approved by validators.
The company’s press release reads:
“The Foundation is committed to operating with the highest degree of integrity in the service of our mission to support the Tezos protocol, ecosystem, and community. Engaging a top-tier independent external auditor ensures that the Tezos community and its observers can trust our operations and use of finances.”
The company further stated:
“We believe that accountability and trust will be central pillars of any successful entity operating in the blockchain space. We are excited to make progress towards this goal with PwC Switzerland acting as our independent external auditor.”
PricewaterhouseCoopers (“PwC”) is the leading professional services networks in the world. PwC helps organisations and individuals create the value they’re looking for, by offering auditing, accounting, legal, tax, and other capabilities. In November, the company accepted its first bitcoin payment, becoming an object of intense interest. Currently, PwC is among the most respected accounting firms in the world, with extensive experience auditing complex operations in a wide variety of environments globally.
PwC is one of the ‘Big Four’ firms, and this is the first time when one of these companies accepts an important crypto and blockchain organization. For Tezos Foundation, it is a significant step, which enables the company to be “committed to operating with the highest degree of integrity.”
The post PwC Switzerland to Audit and Examine Tezos’ Finances and Operations appeared first on CoinSpeaker.
PwC Switzerland to Audit and Examine Tezos’ Finances and Operations published first on https://medium.com/@smartoptions
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Live AMA with President of Tezos China Sandy Peng, Board member of @TezosFoundation Ryan Lackey and our CMO…
Live AMA with President of Tezos China Sandy Peng, Board member of @TezosFoundation Ryan Lackey and our CMO…
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Overstock’s STO Platform tZERO and Tezos Foundation to Tokenize £500 million in Real Estate
Utah-based Overstock, a large online retailer for brand names at clearance prices, revealed that its security token platform tZERO has teamed up with the Tezos Foundation in order to launch an initiative that aims to tokenize £500 million (appr. $643 million) in various real estate projects. In collaboration with @TezosFoundation and Megalodon, tZERO is excited […]
The post Overstock’s STO Platform tZERO and Tezos Foundation to Tokenize £500 million in Real Estate appeared first on Bitcoin News Bull.
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Self-Amending Blockchain Tezos Has Launched its Mainnet
Self-Amending Blockchain Tezos Has Launched its Mainnet
The Tezos project, which markets itself as the world’s first “self-amending” cryptocurrency, officially launched its mainnet on Monday, September 17. The much anticipated mainnet launch follows the beta testing phase, which began on June 30.
The #Tezos mainnet is live! https://t.co/nL825YY8SV
— Tezos Foundation (@TezosFoundation) September 17, 2018
The project conducted a highly successful ICO in July 2017, raising $232 million. The XTZ token experienced a spike in price in the days leading up to the mainnet release.
However, as soon as an hour after the mainnet launch, its price began to plummet, knocking off $170 million in market cap, thus more or less leveling gains out. It is currently ranked 16th on CoinMarketCap.
An official from the Tezos Foundation 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…
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- Developers building on Tezos will now use Chainlink oracles to service their smart contracts, the blockchain platform announced today. ⠀ Chainlink, whose coin is one of the best performing cryptocurrencies in the last two years, helps connect blockchains to real-world data. It brings off-chain (not on a blockchain) data to smart contacts (which are on a blockchain) through a decentralized system of oracles. ⠀ Oracles allow developers to build smart contracts that incorporate off-chain data, access external API services, and trigger settlements, and the oracle provider has seen a slew of integrations throughout the past 18 months. It’s used in everything from pricing feeds for Decentralized Finance (DeFi) platforms to aviation insurance, sports memorabilia and now maybe even a stablecoin. ⠀ Tezos, a top-ten ranking cryptocurrency by market cap, will use Chainlink to access key off-chain resources to use in on-chain applications, according to a statement. Integrating the oracle provider will enhance its “advanced ecosystem for developing next generation decentralized applications,” it stated. ⠀ Please let me know what you think about this. ⠀ For the TOP Crypto News Follow 🙏: @intocryptonews ⠀ See All The Latest Crypto News On The Website: - http://intocryptonews.com/ ⠀ #intocryptonews #crypto #cryptocurrency #tezoscommunity #xtznews #tezosxtz #tezos #link #cryptocurrencynews #chainlink #cryptocurrencies #cryptolife #cryptonews #tezosfoundation #lovetezos #cryptotalk247 #xtz #tezosnews #tezosbaking #tezoscoin #tezosblockchain https://www.instagram.com/p/B_nO_0nAWFd/?igshid=uaa0z7dvsy8q
#intocryptonews#crypto#cryptocurrency#tezoscommunity#xtznews#tezosxtz#tezos#link#cryptocurrencynews#chainlink#cryptocurrencies#cryptolife#cryptonews#tezosfoundation#lovetezos#cryptotalk247#xtz#tezosnews#tezosbaking#tezoscoin#tezosblockchain
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Self-Amending Blockchain Tezos Has Launched its Mainnet
Self-Amending Blockchain Tezos Has Launched its Mainnet
The Tezos project, which markets itself as the world’s first “self-amending” cryptocurrency, officially launched its mainnet on Monday, September 17. The much anticipated mainnet launch follows the beta testing phase, which began on June 30.
The #Tezos mainnet is live! https://t.co/nL825YY8SV
— Tezos Foundation (@TezosFoundation) September 17, 2018
The project conducted a highly successful ICO in July 2017, raising $232 million. The XTZ token experienced a spike in price in the days leading up to the mainnet release.
However, as soon as an hour after the mainnet launch, its price began to plummet, knocking off $170 million in market cap, thus more or less leveling gains out. It is currently ranked 16th on CoinMarketCap.
An official from the Tezos Foundation 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…
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Tezos Foundation анонсировала запуск основной сети

Швейцарский блокчейн проект Tezos завершил тестирование протокола и объявил о полноцнном запуске долгожданного мейннета. Ожидается, что основная сеть Tezos начнет свою работу в понедельник, 17 сентября. https://twitter.com/TezosFoundation/status/1040640714424508416 Tezos Foundation еще в июне 2018г приступила к тестированию бета-версии сети, назвав это одним из самых важных этапов для компании. Отмеается, что во время тестового периода был зафиксирован лишь один сбой. В июле 2017г команда проекта, желая разработать блокчейн и выпустить криптовалюту XTZ, провела ICO и смогла привлечь 66000 BTC и 361000 ETH, что составляла на тот момент около $232 миллионов. Буквально сразу после завершения ICO у организаторов и со-сонователей проекта появились серьезные разногласия, которые привели к судебным разбирательствам и отсрочке запуска блокчейн-платформы. На компанию Tezos также неоднократно подавались судебные иски со стороны SEC за несоблюдение американских законов. Комиссия приравняла токены XTZ к ценным бумагам и обязала компанию зарегистрировать их у финансового регулятора для осуществления продажи инвесторам. Позжесоучредитель Tezos Артур Брейтман получил штраф и ��апрет на торговлю в течение двух лет регулирующим органом финансовой индустрии (FINRA). Напомним, в августе объявила о старте выдачи финансовых грантов для исследовательских групп в сфере разработки блокчейн-решений и смарт-контрактов на базе Tezos. Источник Read the full article
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Tezos Foundation Announces Launch of Its Long-Awaited Mainnet
The Swiss-based cryptocurrency project the Tezos Foundation has announced that its mainnet will be launched on Monday, according to a September 14 tweet.
Have a great weekend, everyone, because mainnet arrives Monday!
— Tezos Foundation (@TezosFoundation) September 14, 2018
On Monday, the beta period of the network will officially be over, as the protocol will become a full mainnet. Tezos introduced its beta network in June, calling the move an “inflection point” for the project. From that point on, users could begin validating blocks or “baking” after the first seven cycles.
In order to build a network and issue a new type of cryptocurrency, Tezos launched an Initial Coin Offering (ICO) in July 2017, in which it raised around 66,000 Bitcoins (BTC) and 361,000 Ethereums (ETH), worth about $232 million at that time. Tezos, however, called the funds “a non-refundable donation” and not a “speculative investment,” adding that the token might not be issued at all.
Following the ICO, a dispute arose between Arthur and Kathleen Breitman, the co-founders of the project who own Tezos’ intellectual property rights, and Johann Gevers, who controlled the raised funds. This led to an indefinite delay of the platform launch and a series of lawsuits against the company.
Since the ICO’s completion, Tezos has also been the subject of criticism and multiple lawsuits concerning compliance with U.S. Securities and Exchange Commission (SEC) regulations. The lawsuits claimed that Tezos tokens should be considered securities under U.S. law, meaning they would need to be registered with the SEC in order to be legally sold to investors.
In June, the foundation announced the implementation of Know Your Customer/Anti-Money Laundering (KYS/AML) checks for contributors, specifically for those looking to participate in ICOs. The move was met with a negative reaction from the community.
At press time, Tezos (XTZ) is trading around $1.54, up over 15 percent on the day, while its market capitalization is about $933 million.
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Tezos Foundation Announces Launch of Its Long-Awaited Mainnet
Tezos Foundation Announces Launch of Its Long-Awaited Mainnet
The Swiss-based cryptocurrency project the Tezos Foundation has announced that its mainnet will be launched on Monday, according to a September 14 tweet.
Have a great weekend, everyone, because mainnet arrives Monday!
— Tezos Foundation (@TezosFoundation) September 14, 2018
On Monday, the beta period of the network will officially be over, as the protocol will become a full mainnet. Tezos introd…
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