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Tezos Adds 19% Amid Completion of ‘Historic’ First Blockchain Vote

www.coinspeaker.com

The multimillion-dollar blockchain Tezos has officially concluded its first round of voting for two competing system-wide upgrade proposals. Having raised a record fundraising amount of $232 million in an initial coin offering (ICO) in 2017, the Tezos blockchain officially launched last September. The two proposals dubbed ‘Athens A’ and ‘Athens B’ are the first of its kind to undergo Tezos’ protocol amendment procedures, designed to roll out system-wide upgrades otherwise known as hard forks in an entirely automated and self-governing fashion.

Having gathered a total of 25,855 community votes, Athens A won the majority of bids from bakers, the equivalent to miners on a traditional proof-of-work (PoW) blockchain, with a total of 18,181 votes. First, computation limits per block, also called gas limits, will be increased on the Tezos blockchain to allow for larger transaction throughput. Awa Sun Yin, founder of Cryptium Labs, the second most popular baker on Tezos, explained: Second, roll sizes, which are aggregated Tezos tokens that bakers hold in order to be randomly selected in the block creation process, will be decreased from 10,000 XTZ to 8,000 XTZ.

Twitter user Blindripper (@Blindripper85) reminded the relevance of the Tezos Athens proposal saying: Eugene Loza, a popular trader on the TradingView platform, known as EXCAVO, also claims he’s bullish on Tezos: It was speculated by some users that the price rise was owing to the coin’s addition to the Bitfi wallet. Bitfi’s official handle had tweeted: Also, Mick Hagen, Founder and CEO of Mainframe confirmed: “We’re witnessing an explosion of developer skills.The blockchain community has turned towards building, and over the next several months with support from Tezos Commons, we’ll host events around the world focused on challenging those developer skills. With the Tezos Foundation (sister organization of Tezos Commons) announcing plans to train 1,000 developers in 2019, we’re eager to work side by side to accelerate developer experience building dapps using the Mainframe platform.”

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Bitcoin MFT
$ 0.005285
Bitcoin XTZ
$ 1.397

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