Tezos Foundation to launch live blockchain version, ending beta testing

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Tezos Foundation to launch live blockchain version, ending beta testing

The live-version of the Tezos Blockchain will be launched on Monday, 17th September according to an article published on Coin Desk. This launch will end the near four month beta-testing process of the blockchain designing by the Tezos Foundation, beginning in June.

The Foundation had, however, termed the June launch a live version with tokens that could be traded. But, the only catch was that the blockchain was subject to maintenance and could be halted at any point in order to carry out the same.

In an interview, Ryan Jesperson, president of the Tezos Foundation shared, "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 scheduled for an upcoming cycle and the community has been developing an array of exciting technologies."

The only time when the blockchain had to be paused was in July, about a month after its June launch. The company has faced significant upheavals this year, after its former president Johann Geevers resigned from his position after receiving criticism about the manner of his functioning.

A new board has also been formed following Jesperson taking up the role. Highlighting the troubles faced by the foundation, Jesperson had noted, "The turnaround was complex, occurred at high velocity and had us all intensely focused on success.

To its credit, the entire team worked through the turmoil and produced exceptional work." According to reports, the foundation has a market capital of about $882 million.