What’s the status of the Tezos Foundation Password Recovery Tool? How many passwords have been successfully recovered?
The Password Recovery Tool has seen greater than anticipated use and success, and password recovery attempts are ongoing.
As of 14 April, we have received 1227 total submissions and 615 unique submissions (some of which may be variations on seed phrases or other data, so the total number of unique users is less than this. Of this, 513 are still active. Many of the withdrawn submissions were due to users figuring out passwords on their own or discovering errors in email addresses or seed words and subsequently activating.
So far, 13 passwords have been recovered and recoveries initiated with contributors (which involves verification of ownership and matching KYC information.). A total of >140 000 hours of compute time have been run against these passwords, and > 71 400 000 000 000 passwords have been tested.
What happened to Marigold? Any updates? Results? Testnet?
Marigold turned into the Plasma project led by the Cryptoeconomics Lab team in Japan. Several changes to the Tezos core protocol are required for this project to come to fruition – we’re excited for this and other layer-2 scalability projects.
How does the Foundation intend to balance its XTZ holdings going forward?
As previously communicated, Tezos Foundation maintains its genesis block allocation of XTZ and does not trade or otherwise transact in XTZ with the exception of occasional payments to grantees, vendors, and other parties, and operates 8 “foundation bakers”. Tezos Foundation votes “pass” on protocol amendments to allow the community to choose how the protocol evolves.
What process has the foundation put in place to ensure a grantee is completing the work as promised?
We structure grant agreements to provide funding in separate tranches. Each tranche corresponds to certain deliverables and milestones that must be met before a payment is made. Before each payment is made, a technical review is conducted to ensure that quality of work is met. If deliverables/milestones are not met, then there is no payment. Sometimes, grantees will complete work later than anticipated, at which point payment is made. Other times, grants are terminated when there is a clear lack of corresponding value to the Tezos ecosystem. There have been several grants that have been terminated over the past year because milestones were not met and the resources allocated to these projects were not justified by the value they were providing to the Tezos ecosystem.
Are there any plans to build a Stablecoin? Are regulations a problem or do you “fear” coming regulations (speaking about the FSB Paper)?
Stablecoins are an important element in the adoption of Tezos as a payment system. There are multiple efforts to improve the utility of Tezos for payments:
- Payment-focused wallets, particularly mobile
- Central Bank Digital Currency (CBDC) business development
- Technology support (private chain, hybrid chain)
- Stablecoins – multiple community-led efforts at building new Tezos stablecoins, as well as technology to support existing stablecoins on the Tezos blockchain
While the FSB Paper provides some recommendations about global stablecoins from a policy perspective, most of what it detailed isn’t new, and simply describes the status quo of what regulators desire from global stablecoins.
Can you elaborate on the state of wallets please? I think galleon is funded and a new version is coming?
Wallets are very important to the health of the Tezos ecosystem. Tezos Foundation has funded many of the wallets that are available today. Below is a list of wallets under active development.
We have also funded camlCase (building Phoenix, a mobile-focused wallet).
Currently, best practice for larger balances is to use a hardware wallet (specifically, we recommend the Ledger Nano S or X) with your choice of wallet software.
Additionally, we have funded multiple SDK or enabling technologies to make building wallets easier, including Taquito (TypeScript) and TezosKit (Swift, for iOS and Mac OS).
Moving forward, we are working with the community to establish functionality and security baselines for these wallets, and ensuring sufficient documentation is available for common user tasks with each wallet.
More transparency about the process of grants. Who is choosing at each step? What are the criteria?
Our grant process contains four main steps which are outlined here: https://tezos.foundation/grants/