Experimental Phase Over: Tezos Blockchain To Launch Tomorrow

As of today, the Tezos Foundation stated that the experimental phase of the Tezos blockchain is coming to an end.

They say that they will launch the protocol tomorrow right when the platform will get over the beta trial, and, will be ready to fully operate on Monday. The token supply of the platform is valued at more than $1 billion.

Tezos did launch a blockchain version of the software this summer and this when all the XTZ tokens became available to trade. The blockchain was used for that operation only but the number of network participants grew incredibly so the blockchain wasn’t able to process all of the transactions happening. So, the foundation decided not to pause the blockchain, on the contrary, they decided it make run even smoother.

Ryan Jesperson from the Tezos Foundation said in an interview:

‘’We have been happy to see the network operating smoothly and efficiently over the last few months. The community has been actively engaged with more than 400 validators scheduled for an upcoming cycle and the community has been developing an array of exciting technologies.’’

In July, there was a slight problem with the blocks when they weren’t validating for more than an hour but the problem was quickly taken care of. That same month, the foundation let third-party validators to help solve the problem. In February this year, the now previous president of the foundation Johann Gevers, stepped down of his position because many saw him as oppressing the launch of a new protocol that ended up eventually gathering $232 million as the largest ICO of all time. Since then, the foundation partnered with many popular companies that wanted to contribute to the crypto ecosystem.

The current market cap for XTZ is around $882 million with more than $3 million in trading in the past 24 hours.