Control of Tezos is about to change. – Bitcoints

bitcoin

Published on July 21st, 2018 | by bitcoin

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Control of Tezos is about to change.

Every three days or so – the exact intervals vary – Tezos enters a new “cycle.”
At some point this weekend, likely Saturday, it will cross the threshold into the seventh cycle (sometimes called cycle six, because techies count from zero).
When that happens, the Tezos Foundation, the entity that conducted Tezos’ initial coin offering (ICO) last year and launched the network at the end of June, will give up sole control of the Tezos blockchain.
With this change, both the first generation of Tezos startups and its token holders will have roles to play in the network.
Lamis said that he depended on “tribal knowledge” gleaned from forums and conversations with Tezos developers.

Source: Www.coindesk.com

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