Tezos (XTZ) is in the midst of a renewed hype cycle, as the Foundation still has not set a date for the launch, but is giving indications it may happen soon. The launch of Tezos will be scrutinized for performance, after the EOS network started with a few glitches and problems.
https://twitter.com/TezosFoundation/status/1011242424222605317
In a rather vague announcement, the Tezos foundation pledged support for all participants in the ecosystem. The Tezos project is supposed to be attractive both to developers and to those who wish to stake (or “bake”) XTZ tokens for network verification and rewards.
XTZ trades at $3.66, or just below 60,000 Satoshi on very limited volumes on HitBTC. The pre-launch digital asset has not reached a wide audience, made unappealing because of the long wait and the scandals between the Tezos Foundation and the owners of the code, Kathleen and Arthur Breitman.
!XTZ!
The launch for one of the biggest ICOs is coming right in the middle of a bear market, where even promising assets unraveled all of their gains. EOS failed to trigger a recovery, and some go as far as to suggest the new XTZ assets, spread around exchanges, may be the next opportunity for growth.
XTZ is relatively low-priced, and is expected to appreciate similar to other platform coins. However, XTZ will first have to launch and be listed on exchanges. For the Tezos foundation, sitting on a significant haul of crypto coins, paying exchange fees would be relatively affordable.
https://twitter.com/RalphClaytonUk/status/1011252237795028992
However, the Tezos Foundation will not aim to control the network and its rules, and “baking” would be a much more democratic process. Governance is one of the most contentious issues in crypto in the past weeks, as various projects aim to toe the line of a perceivably decentralized project, and one where one or several players have the power to push unwanted changes onto the community.
The Tezos project is now undergoing a security check, hiring Hacker One to check the code, and running a bug bounty program:
“The HackerOne bug bounty program is the latest in a series of steps to support the security and stability of Tezos. Other recent initiatives include a code review by experienced researchers at Inria, the French National Institute for computer science and applied mathematics, and an audit by Least Authority, a firm specializing in source code security.”
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