RATE Group | Cryptocurrency project Tezos to launch main network next week – document
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Cryptocurrency project Tezos to launch main network next week – document

14 Sep Cryptocurrency project Tezos to launch main network next week – document

Posted at 21:36h in Cryptocurrency News by

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NEW YORK/ZURICH: The Tezos cryptocurrency project is preparing to launch the long-awaited main version of its network that underpins a new virtual token on Monday, according to a message seen by Reuters from Ryan Jesperson, the president of a Swiss foundation that promotes the initiative.

The Tezos Foundation raised US$232 million in July 2017 to build the network and issue a new type of cryptocurrency to its backers in one of the largest-ever initial coin offerings, and launched an initial version of the network one year later after months of delays.

The Tezos Foundation plans to transition the network to a mainnet, or a more complete version, on Monday, according to Jesperson’s message. A foundation representative did not provide comment in time for publication.

That launch would mark an achievement in a project hobbled by internal infighting and delays. Tezos still faces litigation in the United States and the threat of increased regulatory…

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