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

Cryptocurrency project Tezos to launch main network next week

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NEW YORK/ZURICH (Reuters) – The Tezos cryptocurrency project is preparing to launch the long-awaited main version of its network that underpins a new virtual token on Monday, a Swiss foundation that promotes the initiative said on Twitter on Friday.

FILE PHOTO – Tezos co-founder Kathleen Breitman speaks during the Crypto + ICO Summit cryptocurrency conference in Duebendorf, Switzerland March 28, 2018. REUTERS/Arnd Wiegmann

The Tezos Foundation raised $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 a message seen by Reuters by Ryan Jesperson, the foundation’s president.

After Reuters contacted the foundation for comment on the message on Friday morning it confirmed the…

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