Weekly Updates

Update: Week Of 24 February 2020

Dear Tezos community, This week, Madrid-based IMDEA Software Institute highlighted its partnership with Nomadic Labs and the Tezos Foundation to contribute to the advancement of Tezos and blockchain technology in general. The collaboration between IMDEA and Nomadic Labs will focus on program analysis and verification for safety, distributed consensus, resource consumption and performance, and security and privacy.

We are thrilled to have another world-class research institute join the Tezos community to help advance the Tezos project. This collaboration further validates Tezos as a leading blockchain in the industry, and we can’t wait to see the results.

Lastly, the Carthage amendment proposal reached the quorum in the Promotion Vote Period, the final stage in the Tezos governance process. There are five days remaining in the Promotion Vote Period. Congratulations to the Tezos community for continuing to show the effectiveness of the Tezos governance process.

Best regards,


Grantees, Funded Entities, and Other News

Below are some updates from the last week:

Our Activities

The latest RFP for ecosystem grants closed last week, collecting 118 new grant applications. The Foundation has now begun its grantmaking review process to evaluate all submitted proposals. If an applicant has any questions regarding the status of its proposal, please contact [email protected].

We are also nearly ready to release the second Biannual Update, which will highlight major accomplishments of the Tezos community and provide insights into the Foundation’s finances and operations since the first Biannual Update in August 2019. If you haven’t yet viewed the first Biannual Update, you can do so here.

FAQs: When will PwC Switzerland’s 2018 audit of the Foundation be completed?

The Tezos Foundation is the only large-scale public blockchain foundation that has a “Big4” audit firm as its independent statutory auditor. The 2018 audit was recently completed and, as customary and mandated by Swiss law, the audit report has been filed with the Swiss Federal Supervisory Authority for Foundations. The audit took longer than planned due to the complexity and novelty of auditing cryptocurrency assets. The 2018 audit report is not a public document and the Foundation has committed to proactively publishing Biannual Updates to provide public accountability and transparency. The next Biannual Update is in its final stages and will be released soon. There will be a section in the update that speaks more about the nature of the completed 2018 audit and also the 2019 audit which is now underway.

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