Tezos, A Launch Story: What's Left Before the $232 Million Tech Goes Live?

In the statement, the Tezos Foundation states, "Tezos' potential rests in the hands of its community, and we have no doubt that the Tezos community is among the strongest and most exceptional in the cryptocurrency ecosystem."

While the alphanet for the project has been running for about a year, the Tezos team is looking to launch a blockchain that people can use very soon.

Once Tezos becomes a live blockchain the idea is that it'll be ready to stay up for good and for reliable for entrepreneurs to start using as they explore new ventures.

With the Tezos development team taking the back seat then, how will decisions be made? In some ways, comparing Tezos to EOS again is helpful here.

Also similar to what happened for EOS, some companies have already lined up to take on these baker roles ahead of the Tezos launch.

Tezos Rocks is a portal for all sorts of information about the protocol, and it shows five different groups that have announced their intention to serve as bakers, asking other token holders to delegate their own tokens to them.

Tezos on the other hand only kept the token sale active for about two weeks and no tokens were handed over at that time.

Without that ebb and flow of token prices live on exchanges, it may have been more challenging for Tezos to build excitement among potential validators ahead of the protocol's launch.

While it's unclear whether Tezos architecture will lead to less drama, the project's interest in taking the launch process slowly could mean that its launch is less fraught with confusion and misunderstanding than the EOS launch has proven.

Contrary to EOS, Tezos will go live with some of the systems' rules in place, but also not nearly as many as what EOS plans to ratify.