After setting a record for the largest initial coin offering (ICO) at the time of $232 million in July last year, and the following change of leadership of the Tezos Foundation after the launch of the protocol was perceivably being stymied from a progress perspective, the much awaited launch of the Tezos protocol is set to launch today, according to Coindesk.
The token supply of the Tezos protocol is valued at more than $1.3 billion^ at the time of writing this article, and now, will be moving into a fully operational state and run by its community. This is its most significant milestone since it launched its mainnet at the end of June at which time the Tezos XTZ tokens have been tradeable.
Taking over from Johann Gevers earlier this year at the helm of the Tezos Foundation, Ryan Jesperson 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.
It’s clear that things have started to take real shape since Jesperson took over, particularly through his efforts of building a new board and partnering with world class auditing firm PricewaterhouseCoopers.
We’ll watch Tezos’s progress with great interest.
This excerpt/article was sourced from Coindesk. For the full article, please click here.