Tezos main net has been up and running since the summer of 2018 without any major issues. In this period, Tezos' unique on-chain governance model, has since done what it was designed to do and took Tezos though multiple upgrade cycles, improving and adding functionality. Tezos' native token is XTZ, and with the continuing price increase the last few months, many start to discover Tezos as a new interesting project. Mostly the focus seems to be aimed on the staking rewards. This is not the most interesting feature of Tezos though. If we look at other technical fundamentals, Tezos looks like a promising long term hold, not just because of staking rewards. Let's dive into the real reasons why one could expect it to be a long term hold.
An introduction to Tezos.
- Unique governance model:
- - 1. Swift evolution
- - 2. Tezos upgrade protocol prevents harmful chain splits.
- Liquid PoS, not to be confused with DPoS.
- Institutional-grade smart contracts.
- Multiple smart contract languages
- Funding system
- Developers community.
- NFT's (Non-Fungible Tokens).
- New boundaries: First decentralized public blockchain that is used by Authorities
- STO issuers shift towards Tezos
- Some developments for application of Tezos in autonomous driving
Something that is often forgotten, is the fact that real decentralization is one of the main factors that make blockchain different and valuable as a trustless database. Lets not forget which qualities made blockchain-based cryptocurrencies the revolutionary technology that it is famous for: “Blockchain, a decentralized, digital, safe, distributed ledger that can store any data, where the data is immutably stored once this data is registered.” Immutable is only immutable if there is no central power that can make mutations on its own. Decentralization is a huge deal that is often forgotten. BTC is as big as it is due to its decentralized nature. It's a program let loose on the internet. No central party can force their will on a truly decentralized blockchain. Since Tezos launched, Tezos is a truly decentralized blockchain.
Why do most cryptocurrencies choose for centralized or semi-centralized variations? This is due to the fact that decentralization brings issues that slow down and challenge smooth evolution and changes in its core code that are needed to keep up with market demands. Adding new functionality, fixing bugs, etc, it is a lot harder to do this in a fast manner in decentralized systems. Tezos uses a governance model that solves this issue, while maintaining to be fully decentralized.
- Tezos' unique governance model (who decides how to move forward in Tezos' blockchain evolution):
One of the biggest problems for decentralized blockchains is the fact they need to evolve swiftly, to upgrade, add functionality, fix bugs and other things. To improve the core code and add extra functionality, the blockchain code needs to be upgraded and there needs to be consensus amongst the nodes, the majority needs to approve the changes and upgrade their nodes. (Nodes = computers run by miners/ stakers/ bakers.) If a change in the code is made and there is no majority, then the new code doesn't get's implemented in the main chain. But if a minority of the nodes decides to use the new code anyway, the blockchain will split (Fork). The main chain will continue to use the old code and a new chain splits and uses the new code. So this means there is no upgrade for the main chain. (For example BTC and BCH where BTC stayed as it was and the split chain used the changed code and became BCH.)
The above shows 2 problems:
- The inability to evolve swiftly to new market demands. (For example the need for BTC to scale to be able to handle more transactions per second.)
- The risk of a split chain, hard forks. (If an STO is launched on a chain that forks, then owners of tokens now own these tokens both on the original chain and the new chain. That's not a good thing for regulated tokens. Big nono.)
1. Swift evolution
Tezos solves this with their on-chain governance model which includes self-amendment. Upgrades are presented through a fixed amendment model. This all happens on the blockchain. The first pahse is the proposal phase. Any baker can submit a proposal in this period. The proposal that gets the most votes, advances to the next second phase. The second phase is the exploration phase. In this phase the voting is focussed on this single proposal. A supermajority needs to be reached for the proposal to advance to the third phase: the testing phase. In the third phase the proposal is tested on a testnet. Bakers can join and test the proposal on the testnet so they can decide whether or not they want to vote in favour of implementation in the main net. The final voting is done in phase four. Again a supermajority needs to be reached. After this the proposal is implemented in the main net and Tezos has evolved in a matter of 3 months.
The implementation of the upgraded protocol is automated. This means that after the final voting phase has finished and a supermajority is reached, the Tezos protocol calls for "activate". As a result, the nodes automatically download the code and they will start using the new protocol at the start of the next cycle.
You can follow the process here. Amendments are discussed on social media, with the Tezos Agora Forum as the main discussion forum. With two amendments implemented in last year, the governance model proofs it works. This is unique, this is groundbreaking, this is why Tezos' evolution is swift, this is why Tezos will evolve faster and smoother than any other chain. For an in-depth explanation of the process, I fully recommend reading this article.
Tezos' governance model also has benefits for projects that are build on Tezos. Projects like StakerDAO (And other DAO's to come) will be able to integrade this governance in their project. The Coase cardgame, Tezsure and USTDZ will do so too. The possibilities are enormous.
2. Tezos upgrade protocol prevents harmful chain splits.
Hard forks can cause community splits and chain splits. This means that whatever ran on the old chain, now lives on two chains. You had tokens on the original chain? Now you have two: one on each new chain after the split. This can cause trouble for Stablecoins, STO's and NFT's. Stablecoins are backed by actual value. So doubling the amount of coins is unacceptable. The same goes for STO's, with the addition that the SEC is watching that space carefully.
A recent example that emphasizes the real threat that hard forks could cause for DeFi and stablecoins is the possible upcoming ProgPoW fork for Ethereum. MakerDAO has a decision to make: will they stay with the original chain, or run on the ProgPoW chain? MakerDAO founder Rune Christensen confirmed that choosing the wrong chain, could collapse the DAI stablecoin if they end up choosing the chain which ends up with the lowest ETH price.
Tezos' on chain governance and auto-upgrade solves this issue. There are no split chains due to the revolutionary governance model of Tezos. Please read this full article on this topic.
- PoS (LPoS for Tezos)
Instead of Proof of Work (PoW), Tezos uses Proof of Stake (PoS) as consensus mechanism. Tezos' variation of PoS is called Liquid Proof of Stake (LPoS). Everyone who owns Tezos (XTZ), can direct their coins towards the PoS system and become a block validator, for which in return they earn rewards. In Tezos, “staking” is a term that is not used. Instead this is called “Baking”. “Bakers” are the ones that start up a node and fixate a minimum of 8k XTZ. Baking will earn them rewards. (So as miners earn rewards in PoW, Bakers (Stakers) earn rewards in PoS.) Anyone who does not have the ability to start up a node, or simply does not want to, can “Delegate” their XTZ to a Baker of choice. Delegators don’t need to fixate their XTZ, and can stop at any time. Delegating is a very simple process in Tezos. In return for facilitating the bakingprocess for Delegators, Bakers get a percentage of the rewards that delegators earn.
Incentive to bake is apparently big enough to make Tezos the most decentralized PoS chain up to date with 400-500 nodes which, in turn, have an enormous amount of delegators. Delegators already have some influence on the voting process. Many Bakers already ask their delegators to voice their opinion on what to vote. More and more delegators even mention the importance of a democratic based vote from their bakers. This means that the voting model could evolve more into something where delegators will get more fixed influence.
From an investment point of view, LPoS is more interesting because owners of XTZ have the possibility to earn rewards instead of miners. On top of that, in PoS systems, there is no selling pressure from miners. Miners need to cover costs. (Electricity and money invested in expensive hardware.) So miners sell to cover costs. In PoS the stakers (bakers for Tezos) have way less costs to cover. (Less expensive hardware and way less energy costs.) Less selling pressure = less supply in the supply and demand balance. Also the incentive to hold long term is bigger if you can earn extra XTZ while holding on to your XTZ.
That Liquid PoS is a system with enormous potential, shows the latest developments. One after the other, big exchanges give their users the opportunity to delegate their coins while stored on their exchange. OKEx, Coinbase and Kraken lead the way. XTZ has become the first cryptocurrency with daily rewards on exchanges. Lately, for the first time ever, a Stock exchange launched an ETP based on Tezos (1-1 backed by XTZ) and give a return based on LPoS rewards. (Swiss' main stock exchange SIX)
The stablecoin USDtz, which is in development on Tezos, also fully utilizes LPoS rewards and will offer unique opportunities. (Returns if fixate for certain period, on-chain-lending)
- Institutional-grade smart contracts:
When ETH offered the possibility to launch ICO’s with their ERC20 token, regulations where totally ignored. Now the realization has landed that regulations need to be implemented. For STO's (Security Token Offerings), you need to be able to have restrictions on the tokens you launch. ETH has made some progress and has a number of STO's on it's record, but new standards need to be developed. TokenSoft has just completed it’s proof of concept for its ERC-1404 token which allows integration of regulations and strict KYC documentation on smart contract. The ERC-1404 tokens still have their limitations though. One of the issues is the fact they are limited in interoperability.
Tezos already has their own standard of smartcontracts which make it possible to issue STO's. On top of that, these contracts are formally verifiable. Which means you can test them formally before you launch millions of $ of value on them. This is quite unique.
For independent judgement, lets start with the introduction of one of the leading security token issuance and management platforms and the creator of the ERC-1404 token: Tokensoft. TokenSoft partnered up with Tezos and will issue STO's on Tezos. Tokensoft projects that 25% - 35% of their 3 billion worth clientele will choose Tezos based STO issuance. “TokenSoft provides blockchain-enabled compliance infrastructure for issuers seeking to place equity, debt or derivatives on the blockchain. In 2017 TokenSoft launched the first platform to enable blockchain issuers to comply with securities laws internationally. In 2018, TokenSoft acquired US FINRA registered Broker Dealer TokenSoft Global Markets. In 2019, TokenSoft launched the world's first custody solution for security tokens which enabled cold-storage, multi-signature custody of blockchain-based securities. To date, TokenSoft customers have issued almost half a billion and are currently seeking to issue $3 Billion+ onto the blockchain.” (Source)
Tokensoft about Tezos:
"After performing diligence on the Tezos blockchain, we found that Tezos is great for high complexity, high value. With the formally verified contracts, you can now test high-value transactions prior to publishing them to the blockchain, providing greater confidence in safely and securely using the blockchain. Anything which furthers security and reliability is of interest to our clients."
So Tezos is already able to provide high quality for STO issuers. But development doesn't stop and Tezos is working on a new standard: the NyX Standard. The NyX standard on Tezos will only improve the high standard Tezos already has for STO offerings. Developed by Equisafe, Nomadic Labs and OCTO Technology, the NyX Standard will be fully integrated in the Tezos chain. “The Nyx Standard will leverage the Tezos blockchain to automatically secure and execute over 160 predefined business rules, which will reduce transaction costs and avoid a number of administrative errors, specifically on topics of conformity.” The “ NyX is constituted of 160 fcts, 4 contracts & 3 modules. We’ll be able to do more than 1404. They will also be formally verified.”
The NyX is in development and is expected to be launched in Q1 or Q2 this year. Not only will the NYX standard have more extended functionality and options, but the final issuance of Security Tokens on Tezos will be as simple as filling out an on-line form. It deserves a full read, so here the link to the full NyX article. And here the Equisafe article. I want to emphasize that if you have any interest in Tezos and STO's, it's highly recommended to read these two articles.
STO's announced on Tezos so far:
- BTG Pactual and Dalma Capital adopt Tezos for STOs worth $1 billion
- Bonda Vinci Signs Business Agreement with Tezos Korea for Joint Venture of Art and Real Estate Securities Token (STO)
- Elevated Returns sets to Tokenize Thai Real Estate with a Target of US$100m This Year
- The Fundament Group has developed Germans first real estate crypto token and has just formed a strategic partnership with Tezos.
- The Security Token platform tZERO will Tokenize about $640 million in UK Real Estate.
- TokenSoft is "projecting that within the next year, 25–35% of the amount processed through our platform will be on the Tezos blockchain. Currently our clients have processed half a billion through our platform, and they are currently seeking to issue $3 Billion+ onto the blockchain." Which comes down to about $1 Billion.
- Andra Capital just announced to launch their new STO (SVC) on Tezos
- Transfer agent Vertalo wants its customers to issue securities on the Tezos blockchain.
STO's will have the following potential positiveeffect on the XTZ price: STO tokens are stored on the Tezos blockchain. Any transactions made, will need XTZ as gas. (Like ETH on Ethereum.) When transaction volume rises, XTZ scarcity rises. The first STO's won't have a huge effect, but every STO adds volume, and thus more demand for XTZ, which results in more scarcity and more upwards price pressure.
- Multiple smart contract languages
Latest article on Tezos smartcontract languages here. (Juli 7th 2020) “With its stack-based Michelson smart contract language, formal verification process for reliably proving smart contract functionality, and wide array of development SDKs, Tezos has positioned itself as an extremely developer-friendly blockchain platform.”
- Funding system:
The Tezos Foundation has $650 million worth of funding at their disposal. This is obviously an enormous amount, that not many other projects can match. This warchest will fund Tezos' development for years and possibly decades. Any organization with a project that can move Tezos forward, can apply for a grant to fund their project. These are organizations that:
- Improve Tezos and develop new amendments (see governance system)
- Build projects on Tezos.
- Increase growth of the developer community.
- Community related organizations that provide education, partnerships etc.
The funding system doesn’t only provide a more decentralized structure by expanding into independent sub organizations, but it also makes Tezos' total and organic organization grow exponentially.
Besides funding by the Foundation, there is also the option to be funded by the Tezos protocol itself: developers that insert a proposal into the amendment cycle, can add an invoice that asks for a payout in XTZ (Tezos' native coin). If the amendment is accepted after the voting rounds the protocol mints the amount of XTZ and deposits it on the address that is included in the invoice. An example of protocol invoicing can be found in the first amendment that was proposed (and accepted) by Nomadic Labs: "Athens A". This invoice was symbolic (100 XTZ) and was added to show the concept works and is ready to take Tezos to the future. Besides eternal funding for developments, this feature also ads to the decentralization level of Tezos: anyone can work on improvements for Tezos core protocol and be compensated for it. (Assuming the amendment is accepted and implemented.) So even at this stage, if the Tezos Foundation does not fund work on a certain development, this development can still come through, both technically and financially. (Although it has to be pre-funded by the development team itself.)
- Developers comunity:
The building of a developers community forms the basis for a storm of projects to be launched on Tezos. This takes time, but is in the making. The funding system Tezos uses, has given shape to several organizations that spread out world wide and form the basis of a growth in the Tezos developers community. Tezos is training 500 developers with their Tezos Blockstar Programme in collaboration with B9lab. Additionally, organizations like Nomadic Labs, Cryptonomic, and Stove Labs host workshops quite often. In august, @AMangiero stated that there are over 800 #Tezos developers who have been trained or are being trained.
In December last year, the Tezos Foundation announced they had 1,338 developers who were either still in training or had completed a Tezos training course.
Tezos Southeast Asia just announced their partnership with Tribe, which is Singapore’s first government-supported blockchain ecosystem platform. Tribe will run it’s training program for developers on the Tezos blockchain. With this partnership, Tezos Southeast Asia pushes an extremely interesting set of Singapore government applications towards Tezos. The training will start in Q1 2020.
“Tribe has experience in conducting both business and technical masterclasses for enterprises on other blockchain platforms and recognizes the potential in Tezos as a leading platform that would revolutionize various industries.”
Tribe’s official partners include Enterprise Singapore, IMDA, BMW Group Asia, ConsenSys, IBM, Intel, Nielsen, PwC, R3, and Temasek amongst others. It is a big step for authorities to deploy an application on a decentralized blockchain platform. Something that, thusfar, has not been done yet. The Partnership with Tribe could push the boundaries here.
Nomadic Labs, announced Tenderbake, a Classical BFT Style Consensus for Public Blockchains. The paper was published in collaboration with CEA-LIST. CEA-LIST is one of three specialized technological research institutes of CEA. CEA is a French Government funded research organisation with an annual budget of 4.7 billion Euros. (Credits to @The_H4LF_50UL) "Inspired by Tendermint, Tenderbake is a first exercise in experimenting with immediate finality in Tezos."
Recent developments on Tezos' Tenderbake is also being followed by the Bank of France. The Bank of France's interest in Tezos isn't a new development, they have been testing a Tezos node in the past (18 April 2019).
- NFT's (Non-Fungible Tokens).
NFT’s are unique tokens. Of each token, there exists only one. For example: 1 XTZ is one of many of the same, but an NFT would be something like a unique painting, only one exists. A well known use-case for NFT’s would be blockchain gaming. Unique items, owned by one specific player, registered on the blockchain. Fun part is that NFT’s can be tradable and, if there is demand, have value. For Tezos, NFT standards are in devellopment, and there is a game for Tezos in the making: Coase, a gaming company by Kathleen Breitman, Zvi Mowshowitz, Brian David-Marshall, and Alan Comer, will build a digital collectible card game on the Tezos blockchain. Kathleen Breitman on NFT standards on Tezos: “Plenty of people are working on different standards. What I'm also working on, which strongly differentiates us from other efforts in smart contract + gaming land, is a unique custody approach for NFTs.” There will also be an on-chain marketplace for NFT trading.
- New boundaries: First decentralized public blockchain that is used by Authorities
The first smart contract ever developed by a public authority was deployed on Tezos. The French Gendarmerie’s cybercrime division (C3N) deployed their first smart contract on Tezos blockchain in November 2019. This is huge validation of the Tezos project. It shows the amount of trust authorities have in the security and development possible on Tezos.
Full press release:
"The French Armies and Gendarmerie’s Information & Public Relations Center (SIRPA) announced that since September 2019, the Gendarmerie’s cybercrime division (C3N) has been validating judicial expenses incurred during investigations and recording them on the Tezos blockchain.
Debuting on the Tezos network, this is one of the first examples of a government entity using a smart contract for operational purposes.
The new program allows C3N to acquire cryptocurrency from Europol-allocated funds in order to cover operational costs. Utikizing a blockchain protocol like Tezos for this process simplifies administrative overhead by ensuring C3N funds remain auditable and traceable while maintaining strong security. The smart contract was deigned to only allow access to permitted individuals, effectively allowing C3N to justify an expense without any risk of disclosing operational activities and jeopardizing ongoing investigations.
Tezos is an open-source platform for assets and applications backed by a global community of validators, researches, and builders, with funding from the Tezos Foundation. Nomadic Labs is Tezos'main research and development centre. Based in Paris, it brings together more than 40 research engineers working on the development of a Tezos implementation."
In the end of January 2020, they announced they'd like to expand their initial project on Tezos. C3N has been running a smart contract on Tezos to simplify accounting. “On this type of financing, Europol asked us for precise accounting. So we spent the money and each transaction was entered on the blockchain quickly after purchase. This is what enabled us subsequently to have payments validated by Europol, ”explains Edouard Klein, R & D project manager at C3N.
The switch from accounting on traditional databases, has not only simplified accounting for C3N, it also drastically reduced costs. Where they previously had to add 40.- EUR for administration costs, these costs are now reduced to a few cents.
- STO's and STO issuers shift towards Tezos:
Tezos industrial grade smart contracts and long term governance model seems to be enticing enough for STO platforms to make the switch from Ethereum to Tezos. Andra Capital announced to launch their $500 million worth of STO’s on Tezos, while in 2018 they initially announced to use Ethereum as platform of choice.
Andra Capital’s announcement on Ethereum in 2018. Source.
"We’ve seen significant demand from issuers seeking to issue on the Tezos blockchain due to its institutional-grade qualities,” said Mason Borda, CEO of TokenSoft. "With Silicon Valley Coin’s availability in 50+ countries, Andra is showcasing the benefits of a globally accessible blockchain. TokenSoft takes pride in delivering an automated investor onboarding experience tailored to each jurisdiction and supporting transfer restrictions for ongoing administration."
Transfer Agent Vertalo
Transfer Agent Vertalo announced that they made Tezos their default blockchain for STO issuance. “The company has chosen Tezos because its smart contract abilities are available in multiple programming languages, Hendricks said. He also cited Tezos’ rate of transactions per second, stable network of participants and the collateralization opportunities offered by being a proof-of-stake network.”
- Some developments for application on Tezos in autonomous driving
Tezos Korea and Chorus Mobility had a technology seminar at the Hyundai Motors Headquarter last year. They showcased Tezos and discussed future use cases to investigate possibilities for Tezos application in autonomous vehicles.
Chorus Mobility is working since 2018 on a Tezos-Based concept for vehicle to vehicle payments. In may this year Chorus Mobility received support and seed funding from the Tezos Foundation.
There is more interest in Tezos in that particular industry: Lately Carlo van Driesten, Project Lead Virtual Test & Validation, BMW Group, discussed Tezos blockchain in relation to autonomous agents. In the beginning of this year, they had a meeting with Nomadic Labs in Paris.
- USDTZ, an on-chain-Tezos stable coin, with optional revenue and on-chain-lending.
- USD Tez (USDtz): The Tezos Ecosystem Stablecoin Design
- February 13th: The ENVITED work group (Including Audi, BMW, Daimler and Porsche) is working on an automotive use case build on Tezos
- Februari 14th: The Taurus Group and the Tezos Foundation have started a strategic cooperation to realize capital market use cases and transactions on Tezos
- February 22nd: Video by Securitize how to issue and manage STO’s on Tezos
- February 25th: Tezos has added another powerhouse tot their core development ecosystem: the iMdea Software Institute
- February 25th: Electis will deploy their prototype for digital voting on Tezos
- March 2nd: Ethereum DaPP Radion.fm migrates to Tezos
- March 3rd: First asset to be tokenized tonight on Tezos at the "French Tech Night" in New York
- March 4th: This classical piece of real estate was tokenized yesterday on Tezos.
- March 16th: Vertalo and DealBox announce to tokenize $200 mill on Tezos and explore to migrate two securities from Stellar to Tezos
- March 20th: “Emergents”, the NFT based card game to be released in April on Tezos.
- March 20th: Tezos lawsuit is coming to an end. Onwards and upwards from here.
- March 28th: The Tezos Foundation partners with STO platform Liquefy
- April 4th: Tezos is working on two CBDC application proposals: for both the Banque de France and the National Bank of Ukraine.
- April 5th: Tezos is getting more serious exploring a native oracle network on the Tezos blockchain
- April 8th: Bitcoin Association Switzerland has launched a Bitcoin stablecoin on Tezos
- April 12th: Tezos Southeast Asia and The ACCA have committed themselves to explore accounting applications on Tezos
- April 15th: Tezos Japan has joined the Japan Security Token Association
- April 17th: Truffle Suite launched its first support tools for Tezos
- April 17th: Tezsure just released the pre-alpha open source code for OrO Nodes: the decentralized oracle network that is being build on Tezos.
- April 18th: Vertalo, Advantage Blockchain, tZERO and Custodian Prime Trust aim to tokenize $300M Real Estate on Tezos.
- April 21th: Tezsure released a building toolbox for Tezos: Tezster
- April 29th: This thursday Electis will hold its first global e-voting test election on Tezos.
- May 3rd: Tezos Defi partnership: USD Tez Project and Tokensoft
- May 7th: Brand new version of the Tezos Galleon wallet is coming with new features
- May 8th: SE Digital rebranded their website ahead of next months first Tezos-based ICO launch
- May 9th: Just in: the first SE Digital ICO on Tezos next month will be an $80 million real estate STO
- May 12th: Tezos hackathon announced by TQ Tezos and Coinlist. Duration: one month
- May 13th: The next Tezos protocol upgrade contains fine tuned privacy features and will be injected within a few weeks
- May 14th: Koytcha Immo partnered with Equisafe to offer tokenization of assets on Tezos
- May 20th: Brazilian investment bank BTG Pactual moves half of ReitBZ security tokens from Ethereum to Tezos
- May 20th: DIGYCODE makes it possible to buy Tezos (XTZ) with cash in 10,000 stores in France
- May 23rd: Last months new Tezos account growth was an amazing 8%
- May 24th: Vertalo makes it possible to move STO's from Ethereum to Tezos in a matter of minutes.
- May 25th: Tezos' Tenderbake testnet is expected to launch this year
- May 26th: The Tezos - Coinlist Hackathon just started and 870+ devs signed up so far.
- May 28th: Magic SDK, an Ethereum development tool, added for Tezos
- Jun 1th: Tezos smartcontract adoption growth, 26 mill XTZ held in smartcontracts at this point
- Jun 3rd: The newest Tezos wallet "MailTezos", is ready to go in under a minute
- Jun 5th: Tezos has joined the T-Block accelerator project as official platform partner
- Jun 6th: Atomex, the Hybrid DEX and HD Wallet enabeling atomic swaps on Tezos, is now available for Windows, Linux and Web Platforms
- Jun 9th: The IMDEA Software Institute starts to contribute to the Tezos ecosystem
- Jun 10th: WhylSon: automating formal verification on Tezos smartcontracts
- Jun 15th: Announcement: July 22nd TZ Ventures will organize the first VC Demo Day
- Jun 17th: Tezos now has over 50,000 active delegators!
- Jun 18th: One of the largest AML tooling services is now available for Tezos
- Jun 19th: AirGap wallet integrates with Beacon
- Jun 22th: The T-Block Accelerator "Tezos product development workshop."
- Jun 23rd: Two days left in the Tezos Hackathon. All workshops available on-line.
- Jun 24th: One day left in the Tezos Hackathon. All workshops on-line available, part two.
- Jun 26th: Cryptocodeschool: an interactive game where you write your first smart contract on Tezos. (Beginner-friendly)
- Jun 29th: StakerDAO has launched its governance token STKR on Tezos
- Jul 1st: Vertalo announces date for $200 mill STO offerings on Tezos: Q3 (Todays total STO marketcap is <$200 mill. Tezos should double that in Q3)
- Jul 2nd: More than 1,000 developers have now signed up for the Tezos India Fellowship program
- Jul 7th: Elevated Returns announces digital exchange built on Tezos
- Jul 8th: The winners of the Tezos - Coinlist hackathon are announced
- Jul 9th: This month: Migration of $18 million worth STO form Ethereum to Tezos
- Jul 20th: Tezos news recap: Launch of Tezos-based Electis voting app, USDtz, DEXter, Ganache-CLI
- Jul 21th: Singapore’s first government-supported blockchain accelerator platform, starts Tezos scholarship course this August
- Jul 24th: Today: U.S. bank regulator grands financial institutions the authority to custody crypto. And custody providers Hex Trust and BitGo announce they have added support for Tezos.
- Jul 28th: Tezos-based "Avis Clients Blockchain" solution, signs new client "Plus Que Pro" with 15 million unique visitors per year
- Jul 29th: Tezos Foundation signs MoU with Taibah Valley in Saudi Arabia to increase investment on decentralized technologies
- Jul 31th: Tezos DigiSign, a new standard for timestamping and electronic signatures on blockchain
- Aug 13th: The first price oracle that is developed on Tezos, is now live
- Aug 15th: QR Capital is set to launch digital exchange on Tezos next month
- Aug 17th: Tezos Dalphanet is up: the testnet for the next upgrade, including privacy features
- Aug 18th: Official: STO "Aspen Coin", which is tokenized on Tezos, will be trading on tZERO next week
- Aug 19th: Trading BTC - XTZ? Consider tzBTC - XTZ: you pay 12 times less fees!
- Aug 20th: Korean-focussed exchange Bithumb adds Tezos (XTZ). Soon users will be able to earn stakingrewards.
- Aug 26th: Second Tezos-based oracle: Harbinger
- Sept 1st: Tezos legal settlement is now final: this closes the road for any further attempts. Great news for Tezos.
- Sept 4th: Next upgrade for Tezos has been injected and it will be an interim protocol proposal.
- Sept 7th: Tezos' smart contract activity is showing huge growth
- Sept 8th: TzButton: A social experiment on the Tezos blockchain
- Sept 10th: A deflationary cryptocurrency token will be launched on Tezos: Spark Token
- Sept 15th: Official: Tezos is part of one of the eight selected parties for further development of the CBDC experiment for Banque de France
- Sept 19th: Tezos smartcontract usage shows continuing growth: XTZ gas consumption for this month already surpassed last months total
- Sept 25th: Sustain Exchange will integrate the Tezos protocol in their future primary STO issuance platform
- Sept 29th: Weiss Crypto Ratings ranks Tezos Excellent for Technology and B- for overall rating
- Sept 30th: The first DEX on Tezos has just launched: DEXter
- Oct 2nd: Venture Studio Draper-Goren-Holm (Yes that's Tim Draper) has invested in "Tezos Stable Technologies, Ltd."
- Oct 5th: This week Tezos is being used in a digital voting application in 3 French cities
- Oct 7th: DeFi on Tezos: earn through DeFi, while continuing to earn stakingrewards. Have your cake and eat it too
- Oct 9th: Tezos India joins forces with Tech Mahindra and Skoda Auto Digilab India in the Century Program, supported by Lumos Labs and Microsoft India.
- Oct 10th: Werenode uses Tezos to create a sharing network for electrical vehicle charging points.
- Oct 16th: Sword Group will become a corporate baker in the Tezos LPoS ecosystem
- Oct 18th: Stable Tech announces Trustee Network: a governance network for all Stable Tech DeFi applications
- Oct 22nd: OroPocket will tokenize Gold and Silver on Tezos
- Oct 23rd: Exaion EDF Group will become a corporate baker in the Tezos LPoS ecosystem and wants to develop a whole ecosystem of "smart" applications on Tezos
- DealBox will launch a $25 mill STO on Tezos for Total Network Service (TNS) this November
- Oct 24th: DealBox will launch a $25 mill STO on Tezos for Total Network Service (TNS) this November
- Oct 26th: Tezos Tenderbak testnet is up, improving scalability and the amount of transactions per second
General post (not news on specific dates)
- May 8th: Payzos: enabling Tezos payments for webshops
- May 18th: Tezos Dapp Ejara: your mobile investment partner
- May 19th: DEXter: A decentralized exchange, build on Tezos (Launching this month)
- May 22nd: ENVITED and their involvement in Tezos
- Jun 8th: Besides $600 million in funding, Tezos has another trick up it's sleeve to ensure future development
- Jul 13th: In the past two years Tezos has had an average of 31 smart contract deployments a day.
Always DYOR! Here more useful links for further reading:
- Tezos Foundation.
- Tezos Foundations first bi-annual report.
- Latest Tezos Foundation weekly update.
- Tezos Wallets.
- Tezos Commons.
- Tezos blockexplorers
- Delegation rating services to find a baker to delegate to
- Tezos Gitlab
- Tezos Developer documentation
- Tezos Agora.
- Nomadic Labs.
- Tezos Commons.
- Tezos Korea.
- Tezos South-East Asia.
- Tezos ecosystem evolves: The NYX Standard.
- USDTZ, Tezos stable coin.
- Coarse creating a Tezos based digital strategic collectable cardgame.
- Staker DAO.
- Checker - robocoin technology for Tezos.
- Viaz. First major decentralized peer to peer funding platform on Tezos.
- Tezos-based Vehicular Ad Hoc Blockchains.
- Tezsure: Insurance Simplified. An insurance platform on Tezos.
- Chorus Mobility is working since 2018 on a Tezos-Based concept for vehicle to vehicle payments.
- Tezos will be the lead blockchain partner at Fintech Connect 2019.
- Key takeaways from the OKEx Tezos AMA.
- Compare Tezos to Ethereum.
Twitteraccounts to follow:
- @jalangberg (Thanks for adding content to this article. Much appreciated.
Tezos community chapters on twitter:
- Tezos Korea
- Tezos Atlanta
- Tezos Boston
- Tezos South-East Asia
- Tezos Africa
- Tezos Israel
- Tezos Tokyo Meetup
- Tezos India Foundation
- If your chapter isn't mentioned here, just tag me on twitter and I'll add you here: @IgnoranceIt
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Tezos address for motivational tips:tz1RTdcgzedPYthw1GHnDKHx2WCWZefZovjD