Tezos Prepares Beta Launch

2437
ADVERTISEMENTSBlockchain Expo
Sportsfix ICO

Share with:


The Tezos Foundation announced on Tuesday that final preparations for the launch of the Tezos beta network are nearing completion, with further announcements containing additional details to be made available on the official Tezos website. The announcement follows several other high profile announcements from Tezos and its partners over the past several months, including changes to the board of directors and a slew of new investments and research partnerships. The Tezos Foundation is focused on supporting the Tezos protocol and related technologies, as well as the support of applications using the Tezos protocol and new technologies in fields of open and decentralized software architecture.

The alphanet, run by the Tezos community, has been in operation for well over a year and has provided valuable engineering insights, but the time has come for the level of real-world experience that the upgrade promises, said the foundation in a statement. Tezos contributors who interact with the network should anticipate both scheduled and unscheduled downtime with regular maintenance and adjustments to optimize performance, it added. A broader mainnet launch is promised following successful beta testing, with all transactions created on the betanet continuing.

The Tezos Foundation said it will prepare a genesis block for the betanet launch, and provided advice for potential users before the anticipated event: “To prepare for this, it is imperative that all contributors verify their donation—regardless of size—to confirm that it was received by the foundation. The foundation intends to recommend allocations in this proposed genesis block for donations of any size that were received during the fundraiser, but they must appear in the Foundation’s new

“To prepare for this, it is imperative that all contributors verify their donation—regardless of size—to confirm that it was received by the Foundation. The Foundation intends to recommend allocations in this proposed genesis block for donations of any size that were received during the fundraiser, but they must appear in the Foundation’s new Check Your Contribution tool.”

Tezos continues to grapple with the aftermath of several consumer lawsuits launched by investors in the project.

This month, Bitcoin Suisse, which became entangled in the legal disputes after offering brokerage services to Tezos, claimed, in an official court filing, that it was not part of the company’s initial coin offering (ICO).

Contributors are advised to enter their Tezos public key, which was included in PDF documents received during the fundraiser. If contributions are not visible using this tool, they will not be included for allocation in the upcoming betanet genesis block, said the foundation.

About Alex Behrens

Alex started his professional career in a data analyst role at a global electrical components distributor before transitioning to work in the blockchain industry full time in 2017. He has performed research and analysis on multiple projects including traditional securities and cryptocurrencies, and has contributed to operational design for cryptocurrency mining and other entrepreneurial projects since 2015. Alex graduated from Ithaca College in 2014 with a BS in Finance and a minor in Politics.

View All Articles

More News

Facebook Comments

advertisementBlockchain Expo Sportsfix ICO Skyminer Tymlez Evident Proof Femergy Evident Proof Kinesis

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.