Tezos Foundation Issues Grant to OCamlPro to Support TzScan

The Tezos Foundation is pleased to announce that it has issued a grant to OCamlPro to support its work on TzScan, a block explorer for the Tezos blockchain that will be made open-source. OCamlPro is a French company and R&D lab focused on OCaml and blockchain development.

OCamlPro, which is an active community member and contributor to Tezos, has initiated several Tezos-related projects such as TzScan and Liquidity, a high-level programming language for creating smart contracts in Tezos with an online editor, compiler, and debugger. Liquidity also features a decompiler to audit Michelson contracts.

Open-source block explorers are a key component of a blockchain ecosystem by allowing users to more easily monitor transactions, network validators (“bakers”), and the health of a network. OCamlPro will also provide documentation on Tezos and continue to improve the TzScan API, which may be used by applications such as wallets.

The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding projects imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation.

Press Release: Tezos Foundation Issues Grant to OCamlPro to Support TzScan

Tezos Foundation Commits Funding to Train 1,000 New Software Developers in 2019

The Tezos Foundation is proud to announce that it is committing funding to train at least 1,000 new Tezos-focused software developers in 2019.

Beginning today, the Foundation will award grants to organizations that have a proven ability to train developers effectively. The grants will support the creation of Tezos online tutorials, training materials and documentation, course preparations, and other tools.

The training programs are intended to empower developers so that they are better able to contribute to the Tezos protocol and build tools, smart contracts, and applications on top of it. They may do this by connecting with existing Tezos development teams or starting projects on their own. In turn, the Foundation will continue its support of developers through grants and other efforts to ensure that they have the resources they need to carry out their projects.

Throughout 2019, the Foundation will actively promote grantees’ training programs and the various opportunities each has to offer. The committed funding is in addition to the Foundation’s grantmaking initiatives.

The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding projects imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation.

Funds and Asset Management Update from the Tezos Foundation

To the Tezos Community,

We would like to share some current plans about the Foundation’s funds and asset management.

Currently, the Foundation holds approximately $500 million in assets, making Tezos one of the most well-funded blockchain projects worldwide. This does not include the additional allocation of Tezos tokens (XTZ) that will vest monthly over four years as proposed in the genesis block. Overall, roughly 82% of the Foundation’s non-XTZ-denominated cryptocurrency holdings are in BTC.

The Foundation has already started to diversify a part of its non-XTZ portfolio into liquid and lower-risk asset classes and will continue to do so in order to lay the foundation for long-term stability and availability of funds to fulfill its mandate. That said, the Foundation currently does not plan to liquidate its XTZ holdings. There are some vendors, contractors, and other parties who will receive some limited payments in XTZ, but this will be the extent of transfers from the Foundation’s XTZ funds. All of the Foundation’s assets are subject to a review conducted by its independent external auditor, PwC Switzerland.

We are optimistic and excited about the future. We will continue to share updates as part of our commitment to keep the Tezos community informed about the Foundation’s operations. We encourage everyone involved in Tezos to keep lines of communication open by sharing updates on their projects and activities. Tezos, its ecosystem, and its community will be stronger as a result.

Respectfully,
Ryan Jesperson
President of the Tezos Foundation

Tezos Foundation Issues Three Grants to Support Mobile Development

The Tezos Foundation is pleased to announce that it will issue grants to help make mobile applications and wallets easier to develop and use.

Ackee is a mobile development company located in Prague and Berlin. It has experience working in the cryptocurrency ecosystem and will develop a Tezos iOS development toolkit to enable mobile developers to more easily create iOS applications that interact with the Tezos blockchain.

Papers is the Switzerland-based company behind AirGap, a cryptocurrency wallet with a two-device approach to make secure key handling more accessible and user-friendly. With the Foundation’s support, the AirGap libraries will be made open-source and available as a development toolkit.

Luiz Milfont is an active contributor to the Tezos ecosystem. He previously released the TezosJ SDK library, which enables developers to more easily create Android applications that communicate with the Tezos blockchain. This grant supports Luiz as he continues to contribute to the ecosystem by releasing additional libraries that make the development of applications on Tezos more seamless.

These three grants are the most recent of the Foundation’s efforts to support developers globally. The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding projects imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation.

Press Release: Tezos Foundation Issues Three Grants to Support Mobile Development

Tezos Mainnet Is Live

On June 30, the Tezos Foundation proposed a genesis block that became the seed of the Tezos network. For a time following the proposal, there was an expectation that, while fully operational, the network had a higher likelihood of experiencing unscheduled downtime along with maintenance and adjustments, and so we regarded the network as a betanet. Over the course of the last few months, we have been happy to see the network operating smoothly and efficiently. The community has been actively engaged, with more than 400 validators (“bakers”) scheduled for an upcoming cycle. In addition, the community has been developing an array of exciting technologies and other tools to increase community engagement, understanding of the network, and adoption.

As a result, we now consider the beta period concluded, and while active development still continues, we are pleased to regard the Tezos network as the mainnet.

Please remember that the Tezos network is a new blockchain technology. As with any new blockchain technology, unexpected issues may still impact the network. Users are solely responsible for any risks associated with usage of the Tezos network. Prospective users should do their own research to determine if Tezos is the appropriate platform for their needs before engaging. In addition, those already on the network should apply judgment and care in their network interactions.

As a general reminder, any party or software, such as a wallet, that gains knowledge of private-key information will have access to the tokens controlled by the associated public-key hash. Always think twice before entering private-key information anywhere. There is nothing that the Foundation can do if tokens are lost or stolen.

We expect that the community will, over time, bring a range of new and exciting developments to the network, and are excited to stand as a part of the community to support that progress.

Respectfully,

The Tezos Foundation

Press Release: Tezos Mainnet Is Live

Six months in: An update from Ryan Jesperson

Dear Tezos Community,

Six months ago, I became president of the Tezos Foundation and I want to share with you a few thoughts from the journey so far.

For most of that time, the Foundation was focused on the launch of the betanet. That focus was realized on June 30 when the Foundation was proud to propose a genesis block that became the seed of a Tezos betanet. The genesis block included recommended allocations for contributions to the Tezos Foundation’s fundraiser in July 2017. This fundraiser saw the creation of over 30,000 wallets, indicating the strength of this community and its belief in the project. Since that time, we have seen an explosion of bakers (network validators) come online, with more than 60% of the total baking distribution scheduled to now reside outside of the Foundation — and the number of bakers coming online continues to grow. It’s a testament to the Tezos project — the technology and the community — that together we arrived here and are thriving.

As far as network launches go, it was remarkably smooth. A development team in Paris tested and refined the codebase, working tirelessly leading up to the launch. Ultimately, the Foundation proposed a genesis block and the betanet phase of the network went live. The team’s hard work to propose this genesis block may never get its full due, but I want to thank them once again for that exceptional effort.

Once the betanet launched, the Foundation turned its attention to its long-term mission — to provide material support for the advancement of the Tezos protocol, ecosystem, and community.

To provide some perspective on this mission, let me take a moment to underscore again just what exactly the Foundation is. Tezos is not and has never been the Tezos Foundation. From the inception of Tezos as a digital commonwealth, decentralization has been the core organizing principle. Consistent with that vision, the Foundation was established as a tool to provide resources for the furtherance of the Tezos project and community. The Foundation neither seeks nor accepts the role of the project’s “official” bearer. The Foundation is one member of the larger Tezos community.

Although the role may be limited in scope, the Foundation takes its mission very seriously. We recently announced that PricewaterhouseCoopers (“PwC”) Switzerland had agreed to act as the independent external auditor for our finances and operations. The Tezos Foundation is the first large-scale blockchain organization to have one of the “Big Four” accounting firms serve as an external auditor. That is the standard of excellence that we have set for ourselves — because that is the standard that we believe best serves how we support the long-term success of the Tezos project and community.

We have also announced several grants as part of our mission to provide material support. These projects include:
• building new technologies on top of Tezos, including a smart legal contract layer, which is being developed by Clause
• funding research and innovation at leading research institutions such as Inria in France and Cornell University in New York
• forging strong communities all around the globe, including backing regional groups in Korea, Japan, Southeast Asia, and the United States

Over the last six months, the Foundation has committed more than $30 million in grants over multiple years to academic institutions, development groups, and other visionaries that are supporting the protocol and related technology. We will be updating the community regularly about the status of these projects and how they help the Tezos ecosystem grow, and we encourage anyone with a thoughtful idea and strong commitment to apply for a grant.

While we have been more communicative recently, I recognize the community has for some time wanted more. I would like to put some of that silence in context now. The Foundation never sought to go quiet. The success of the Tezos project rests in the hands of the community, of which the Foundation is just one member, and open communication within the community is critical.

For much of the last six months, we have been focused on redressing the situation that the Foundation fell into shortly after the fundraiser. There was a tremendous amount of work to do so that the Foundation could succeed in its mandate. We installed a new board of experienced professionals, which now includes Olaf Carlson-Wee, Michel Mauny, Lars Haussmann, Pascal Clere, Marylène Micheloud, and Hubertus Thonhauser, to provide the proper governance. We released a strategy statement on June 25 that spelled out how the Foundation viewed its role — acting as a member of the Tezos community rather than as an authority — to establish expectations around its operations. And perhaps most importantly, we made sure that the development team in Paris had the resources that it needed to ready the codebase for launch.

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.

Now that we have turned a corner and mainnet is approaching, I want to reiterate the Foundation’s commitment to communicating with the community. As I have said, the Foundation does not seek to be, nor attempt to serve as, some kind of central authority with regard to Tezos. But know that we are committed to communicating more openly about the Foundation’s role and our efforts to support this vibrant and strong community.

Thank you again to everyone who has given their time, patience, resources, hope, belief, and intellect to making Tezos a reality. We look forward to seeing what you build.

Respectfully,
Ryan Jesperson
President of the Tezos Foundation

Press Release: Six months in: An update from Ryan Jesperson

Tezos Foundation to Support Stephen Andrews’ Development Studio

The Tezos Foundation is pleased to announce that it will issue a grant to Stephen Andrews to establish TezTech, a global Tezos software development studio.

Stephen is a widely respected contributor to the Tezos ecosystem. Some of his work includes TezBox, a multi-platform, dApp friendly wallet for Tezos, and BakeChain, a service that allows its users to bake (“validate”) on the Tezos network without having to install and maintain a full node. In addition to these two projects, the TezTech team will continue to work on:

  • eztz.js – a Javascript library for interacting with the Tezos blockchain.
  • fi – a high-level smart contract language for Tezos that compiles to Michelson.
  • tzToken – a sub-token standard for Tezos.
  • TezRPC – an RPC API that offers free access to the Tezos blockchain by providing infrastructure for developers and users.
  • Velos – a proposed off-chain, trustless scaling method for Tezos.

This grant also supports TezTech’s initial research and development of “Sona,” a decentralized identity protocol on Tezos. Sona will allow users to maintain control over their identities and seeks to be extremely modular as a way to provide value-added services to end users.

The TezTech team’s mission is to provide tools, applications, and services that empower the Tezos ecosystem. The Foundation is thrilled to support this development studio as it works to advance the Tezos project.

Press Release: Tezos Foundation to Support Stephen Andrews’ Development Studio

Tezos Foundation to Support Southeast Asia Community Organization

The Tezos Foundation is pleased to announce that it will issue a grant to support the establishment of Tezos Southeast Asia (“TSA”).

Based in Singapore, TSA will play an active role in the growth of the Tezos ecosystem by educating individuals and groups throughout Southeast Asia about Tezos and its technology. TSA will host meetups, sponsor educational programs, and support other initiatives to further develop a vibrant and empowered Tezos community in Southeast Asia and advance the project overall.

This grant is the most recent of the Foundation’s efforts to support regional community organizations all over the world. The Tezos Foundation previously announced its support of the Tezos Commons Foundation, Tezos Korea Foundation, and Tezos Japan Foundation. Community organizations in need of immediate consideration for a grant from the Foundation are invited to submit grant proposals and help grow the Tezos ecosystem.

Press Release: Tezos Foundation to Support Southeast Asia Community Organization

Tezos Foundation to Support Clause Inc. to Create Smart Legal Contract Layer on Tezos

The Tezos Foundation is pleased to announce that it will issue a grant to Clause Inc. to develop a smart legal contract layer on top of the Tezos blockchain.

Clause is a US-based startup that enables its users to negotiate, execute, and monitor the performance of smart legal contracts that connect to web services, enterprise software, and blockchain systems using its platform. Clause uses technology developed by the Accord Project, an open-source software initiative it established composed of 40+ leading law firms, IBM, R3, and others that are building tools for legally enforceable smart contracts in an effort to institute common specifications.

With this grant, the Clause team will develop an Ergo to Michelson compiler to enable a smart legal contract layer on Tezos. Ergo is a domain-specific language that captures the execution logic of legal contracts, and Michelson is a language used to write smart contracts on Tezos. Such technology will enable Tezos to support commercial transactions and practices that are legally enforceable. Jerome Simeon, Chief Scientist at Clause, stated: “We are very excited to be developing a legal layer for Tezos. Compiling Ergo to Michelson will allow users to transparently and safely deploy legal contracts from Clause onto the Tezos blockchain.”

The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding projects imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation. Projects in need of immediate consideration for a grant from the Foundation are invited to submit grant proposals and contribute to Tezos.

Press release: Tezos Foundation to Support Clause Inc. to Create Smart Legal Contract Layer on Tezos

Tezos Foundation Issues Four More Grants

The Tezos Foundation is pleased to announce that it will issue grants to support the expansion of international baker (“validator”) communities, the development of tools and services related to baking, the integration of Trezor hardware wallets with Tezos, and the creation of a universal mobile wallet featuring secure multi-party computation. These grants will be issued to Cryptium Labs, MyTezosBaker, Simple Staking, and KZen Networks, respectively.

Cryptium Labs is a Switzerland-based company that was established to offer secure and reliable block validation services for proof-of-stake networks. Led by Adrian Brink, Awa Sun Yin, and Christopher Goes, the Cryptium Labs team will continue to publish content for the Tezos community, develop tools related to baking (such as key management systems), and conduct further research related to the Tezos protocol. Cryptium Labs will also use its initial grant from the Foundation to support the Chinese and Spanish-speaking Tezos communities by localizing content and hosting meetups.

In an effort to foster a dynamic community of bakers, the Tezos Foundation is also providing a grant to MyTezosBaker. In its current form, MyTezosBaker displays a curated list of current and potential bakers for Tezos token holders to research and delegate to. This grant will allow the team, led by Shazaf Burki, to scale up operations, automate the listing process as much as possible, and add more advanced features.

Founded by Juraj Selep, Simple Staking is a company working to integrate Tezos with the Trezor hardware wallet. Trezor support will give Tezos token holders an additional hardware wallet option. Furthermore, the Simple Staking team will work to allow developers to integrate Trezor wallets into their Tezos applications.

The KZen Networks team is developing “Codename:Django.” With this grant, KZen Networks, led by Ouriel Ohayon, will continue its work on a universal mobile wallet. The wallet will enable Tezos token holders to conduct multi-signature (“multi-sig”) transactions using secure multi-party computation. In the future, the KZen Networks team plans to offer Tezos bakers multi-sig support and mobile access to baking and voting.

The Tezos Foundation’s core mission is to support the long-term success of the Tezos protocol and ecosystem. By funding projects imagined by scientists, researchers, developers, entrepreneurs, and enthusiasts, the Foundation encourages decentralized development and robust participation. Projects in need of immediate consideration for a grant from the Foundation are invited to submit grant proposals and contribute to Tezos.

Press release: Tezos Foundation Issues Four More Grants