The Tezos blockchain celebrates its 5th anniversary!

Tezos, the pioneering Open-Source blockchain in liquid Proof-of-Stake consensus and on-chain governance, is celebrating its 5th anniversary! An anniversary which will be celebrated next July 21, in Paris, on the occasion of the annual gathering of the ecosystem: TEZ/DEV.

2018: Tezos is born

The project Tezos, founded by Franco-American couple Kathleen and Arthur Breitman, raised $232 million in 2017, the highest amount ever raised in a blockchain fundraiser at the time. In June 2018, the platform launched its BetaNet, then in September its MainNet. Since then, the blockchain has evolved without major incidents or disruptions, showing resilience and robustness in an environment that has seen a lot of movement.

14 upgrades on the Tezos blockchain

Tezos is a scalable blockchain, recognized for its “on-chain” governance and its ability to self-amend. activatingupdates allows the infrastructure to be ever more mature, innovative, and actively involves the community in the decision-making of updates. This is the result of an election cycle lasting approximately two and a half months, as well as hard work by the community that shapes, develops and enriches the Tezos ecosystem on a daily basis.

Since its inception, Tezos has experienced 14 upgrades, all deployed automatically and in sync. The latest is Nairobiactivated on June 23, 2023, which follows mumbai, deployed in March. Mumbai brought several major technological evolutions including the possibility for users to deploy their own Smart Rollup, Layer 2 solution. Nairobi brought a series of protocol improvements such as the increase of up to 8 times the number of transactions per second (TPS) and new features for Smart Rollups that can keep up with protocol updates and scale in sync with Layer 1.

The Tezos blockchain accounts for 13% of Web3 projects in France

The Web3 ecosystem maintains strong dynamism in France. Witness the 2 billion euros raised in 2022 by French Web3 startups. According to a study Deloitte, 13% of its projects are carried out on the Tezos blockchain, making it the second most popular infrastructure in France after Ethereum. From e-sport to luxury, corporates and startups rely on Tezos technology to develop innovative projects like PMU which, based on this technology, launched at the beginning of the year stableits Fantasy game platform combining virtual world, very real horse racing and purchase of NFT.

More than 400 bakers around the world

” Baker » is a term specific to Tezos, and, to date, the network takes into account over 400 worldwide. The position of baker makes it possible to actively participate in the governance of Tezos, and promotes the evolution of the chain by guaranteeing the security and reliability of the network. The main role of a Baker is to create and validate blocks on the blockchain, and to secure the network thanks to their voting rights proportional to the number of tez (Tezos tokens) held. Since the Ithaca update in April 2022, you must stake at least 6000 tez (own funds or delegations) to start baking.

Among the bakers, Tezos also has the Corporate Bakers, corporate entities whose primary business purpose is not necessarily related to blockchain and which are committed to exploring this new technology by strengthening their involvement in the Tezos ecosystem. To do this, these entities are supported in the process by the Tezos Foundation And Nomadic Labs, the Tezos blockchain experts. Between 2022 and 2023, 15 Corporate Bakers joined the ecosystem.

A global ecosystem of players committed to the evolution of Tezos

With morehalf a million of followers on social networks, Tezos has continued to evolve under the impetus of its community of researchers, developers, projects, partners, artists and enthusiasts who participate in its development on a daily basis. A development also driven by the Tezos foundationand all the entities gravitating in the ecosystem (Nomadic Labs, Trilitech, Marigold, Tezos Commons, Tezos APAC, Tezos Indiaetc.) whose objective is to promote the protocol and guarantee that organizations that are embarking on the blockchain have access to the resources necessary to develop their projects. Happy Birthday Tezos!

About Tezos

Tezos is an open-source blockchain with decentralized governance that redefines the exchange of values ​​in a digital and connected world. Scalable and energy efficient with its proof-of-stake consensus mechanism, the Tezos blockchain seamlessly embraces tomorrow’s innovations without disrupting today’s network. To learn more about Tezos: Tezos.com.