Weekly Updates

Update: Week of 23 September 2019

Dear Tezos community, We can’t wait to connect with community members from around the world at the upcoming TQuorum Global Summit this Sunday through Tuesday at Spring Street Studios in NYC. The conference will run for three days, with one day focused on the proof of stake ecosystem and one day focused on digital assets.

I will be speaking on Monday morning to welcome all of you to the conference. From there – those attending will hear from a number of our grantees and other funded entities, including Cryptium Labs, Nomadic Labs, Truffle, TQ Tezos, and many more. You can purchase your ticket for the summit here.

We are excited to see that the promotion vote period recently began for the current voting cycle in the Tezos amendment process. It will end in about three weeks. As in past voting cycles the Foundation will vote “pass” (meaning “abstain”) for the current period. We are encouraged by the substantive discussions in the community around proposals for protocol upgrades and are confident in the decision that the rest of the community makes.

Best regards,

Grantees & Funded Entities

Below are some updates on our grantees and other funded entities from the last week:

  • Happy Tezos released Tezos-as-a-Service (TaaS), which provides real-time updates to various applications on the Tezos blockchain by leveraging SignalR (WebSocket).
  • Edukera introduced its new Archetype website, which demonstrates how Archetype helps to develop more secure smart contracts on Tezos.
  • During the testing phase of protocol Babylon 005_PsBABY5H, Nomadic Labs discovered a bug affecting bigmaps in Michelson smart contracts, and corrected it in a proposal for a new version of Babylon. Cryptium Labs wrote its own summary of the bug and how it can be addressed.
  • ECAD Labs’ Jev Björsell introduced Taquito, a new TypeScript library suite that can be used to build dApps or traditional web applications on top of the Tezos blockchain.
  • Tulip Tools gave a sneak peek of its upcoming beta of TPlus, which lets developers manage any number of Tezos nodes for use with mainnet, or alphanet, as well as sandbox environments used for local testing and (smart contract) development, and offers a ready-to-go development experience.
  • TQ Tezos published a guide to TQuorum Global Summit. Take a look if you are planning on attending.
  • Simple Staking published a guide on the Tezos peer-to-peer layer and its Rust implementation.
  • Nomadic Labs announced the first release of data-encoding, a library to encode and decode values to JSON or binary format.
  • Stove Labs released an update on its work over the past few weeks.

Our Activities

The Tezos Foundation participated in the latest round of funding for Securitize, one of the leading players in the digital securities sector. The $14 million financing round in which the Tezos Foundation participated was led by Nomura Groups and Santander InnoVentures and will help Securitize accelerate its go-to-market strategy. This investment aims to increase the adoption of Tezos in digital securities issuances.

On top of the Foundation’s regular duties this week, the team is excited to join the rest of the community at the TQuorum Global Summit in New York City from 29 September – 1 October. Ryan Jesperson and Ryan Lackey will both be speaking, with Hubertus Thonhauser, Michel Mauny, and Roman Schnider also attending. Grab your ticket now!

FAQs: What is inflation funding? How does it work?

Inflation funding is a mechanism that the Tezos protocol can use to fund the development of the core protocol and other public goods. Essentially how it works is simple – if an upgrade is approved via the Tezos governance process, the protocol itself mints new Tezos tokens (XTZ) and issues them to the developer(s) behind the upgrade. This process increases the total supply of XTZ and is designed to solve the free rider problem that open-source projects are particularly prone to. Inflation funding presents a sustainable source of funding that is not reliant on token price appreciation or private investment.

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