Six law firms are fighting over how to distribute $8.3M in attorney’s fees from the Tezos’ $25M class action settlement.
Tezos is a blockchain-based smart contract platform for powering decentralized applications, or DApps, competing with similar platforms such as Ethereum, EOS and Cardano, among others.
Originally proposed by Arthur Breitman (under the pseudonym “L.M. Goodman”) in a white paper published in August 2014, Tezos was conceived as a “self-amending” blockchain platform built on an on-chain governance system that would allow holders of its protocol token, XTZ, to more easily vote and implement changes to the software without hard forks. This is in contrast to the cumbersome, off-chain governance processes for popular public blockchains like Bitcoin and Ethereum.
The core development was spearheaded by Breitman and his wife, Kathleen Breitman, through the company Dynamic Ledger Solutions. In summer 2017, Tezos raised funds in one of the most high-profile initial coin offerings to the total of around $232 million (at the time) in Bitcoin (BTC) and Ether (ETH). The project was soon embroiled in legal battles between the Breitmans and the appointed head of the Tezos Foundation, Johann Gevers, which delayed the release of XTZ tokens to investors and the launch of the network.
The mainnet launched in September 2018, with XTZ holders able to stake (or “bake”) their tokens to participate in the Tezos proof-of-stake consensus process or participate in Tezos governance either directly or through delegation of voting power.
"The vote will be 100% secure," said Avosvotes CEO Florian Ribière.1761
Hint: It's not a blockchain company.15027
The tight consolidation in Bitcoin and a few altcoins points to a potential breakout within the next few days.16542
Global developers can now start building projects on top of Tezos through China’s BSN.8479
Tech billionaire, Tim Draper, has revealed he owns a myriad of altcoins in addition to his 30,000 BTC.29332
Ethereum 2.0 will lose the first-mover advantage its first iteration had. How does it stack up against the extensive competition in 2020?25528
After three long years, the class-action lawsuit alleging that Tezos violated securities laws through its 2017 ICO has concluded.6668
Delegated price feed oracles are coming to the Tezos ecosystem.11224
Bitcoin is nearing the end of its consolidation phase and the resulting move will determine if altcoins continue to outperform BTC price in the short term.37438
As Bitcoin price slowly regains momentum, many altcoins have been rewarding traders by rallying to new all-time highs.24663
The price of Tezos is breaking new highs as targets of $6 are beginning to appear on the XTZ charts.14804
China’s first government-backed blockchain initiative has just launched an official international website.14379
Bitcoin and most altcoins are likely to remain range-bound for a few more days before resuming the next leg of the up move.31360
Since late July, positive tweets about Bitcoin have increased substantially, signifying growing interest in its price.9496