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, 26 tweets, 11 min read
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1/26
Content:
2 On-chain government
3 Swift evolution
4 LPoS
6 Most decentralized PoS
7 Institutional grade smart contracts
8 NYX
9 Funding for years
11 1st decentralized blockchain used by authorities
14 Formally verified smart contracts
15 Dev community
2/26
17 Overview
18 NYX standard
19 Tokensoft partnership
20 $3 bill STO’s announced so far
21 USDTZ
22 Tezsure
23 Coase
24 StakerDAO
25 ETH-XTZ
3/26 Tezos:
On-chain governance. Anyone can propose an improvement, apply for funding and insert the finalized proposal on-chain, after which nodes (bakers) can vote on-chain for/against implementation in a set timeframe.
4/26 This makes decision-making swift. People delegating XTZ to bakers can influence voting, adding to decentralization of XTZ development. This type of government makes XTZ evolve more swift and smoothly to future demands. Slow evolution is a big threat to decentralized projects
5/26 Staking economics and incentive to run nodes. LPoS is unique and not to be confused with DPoS. In LPoS delegating doesn’t mean your coins are “stuck”, you can spend them whenever you want. This is very convenient for exchanges to offer delegating service to their clients.
6/26 Ever wondered why XTZ is the only product so far that is offered as an ETP with staking rewards on a stock exchange? (Swiss SIX stock exchange)
publish0x.com/publish0x-post…
7/26 For staking (Baking) you only need modest comp power. Low threshold —> lots of nodes —> decentralized. (4x more nodes than BNB and Cosmos)
medium.com/tezos/liquid-p…
8/26 Institutional grade smart contracts. Formal verification makes it possible to formally verify the contracts in advance. Also, where ERC-20 falls short for regulatory compliance, Tezos offers the options needed to build in the limits financial law demands.
9/26 Tezos is already leading the standard here, but the XYN standard will optimize Tezos even more, see here:
publish0x.com/publish0x-post…
10/26
- Enough funding for years. 600 mill + will last for years and ensures Tezos ecosystem to grow exponentially.
- Billions of STO announced by STO issuers. What ICO’s did for ETH, seems to be happening for XTZ in the coming years.
11/26 STO's are even in an earlier adoption phase than cryptocurrencies. The important difference here, that STO's are the tokenized version of something that is already being traded in enormous numbers. The future might be brighter than expected.
12/26 Tezos is the 1st decentralized blockchain to be used by authorities. French authorities (Cybercrime unit and Europol) implemented a smart contract on Tezos. Their dev commented:
13/26 “With michelson I know exactly what each instruction is going to do, I can then use proof assistants like Coq to prove the correctness of my program.
14/26 I don't see how one could develop secure applications in a high level language like solidity, I'd always have the nagging feeling that I don't see the whole picture. With michelson I'm absolutely confident that my code does what it says it does.“
reddit.com/r/tezos/commen…
15/26 XTZ is formally verified & written in the functional programming language ocaml
This allows XTZ smartcontracts to have a higher level of trust & credibility. It’s basically ETH built properly
#TheDAO bug wouldn’t have executed on XTZ. It would’ve given an error.@jessecouch
@jessecouch 16/26 Tezos targets to train 1000 devs through training programs in 2019. In august, @AMangiero said there are over 800 #Tezos developers who have been trained or are being trained.
@jessecouch @AMangiero 17/26 Adding to that, Tezos Southeast Asia has partnered with Tribe, which is Singapore’s first government-supported blockchain ecosystem platform. Tribe will run it’s training program for developers on the Tezos blockchain.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 18/26 A Tezos overview:
publish0x.com/publish0x-post…
@jessecouch @AMangiero 19/26 The NYX Standard.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 20/26 Tokensoft (Creator of the ERC-1404 token) partnered with Tezos. It expects that 25-35% of it’s clients will launch STO’s on Tezos in 2020.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 21/26 STO’s announced so far:
publish0x.com/publish0x-post…
@jessecouch @AMangiero 22/26 USDTZ, an on-chain-Tezos stable coin, with optional revenue and on-chain-lending.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 23/26 Tezsure: Insurance Simplified. An insurance platform on Tezos.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 24/26 Coase builds a strategic card game on Tezos: it makes more sense than you’d initially think.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 25/26 StakerDAO will build it’s tokens (STKR) on the newly developed GOV.1 token standard on Tezos.
publish0x.com/publish0x-post…
@jessecouch @AMangiero 26/26 Comparing XTZ with ETH
publish0x.com/publish0x-post…
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Ignorance is bliss isn't it
@IgnoranceIt
@stefsull 1/12 Ok, here we go.
On-chain governance. Anyone can propose an improvement, apply for funding and insert the finalized proposal on-chain, after which nodes (bakers) can vote on-chain for/against implementation in a set timeframe.
@stefsull 2/12 This makes decision-making swift. People delegating XTZ to bakers can influence voting, adding to decentralization of XTZ development. This type of government makes XTZ evolve more swift and smoothly to future demands. Slow evolution is a big threat to decentralized projects
@stefsull 3/12 Staking economics and incentive to run nodes. LPoS is unique and not to be confused with DPoS. In LPoS delegating doesn’t mean your coins are “stuck”, you can spend them whenever you want. This is very convenient for exchanges to offer delegating service to their clients.
Read 12 tweets

Related threads

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ChainLinkGod
@ChainLinkGod
The key value of #Blockchain is immutable state and censorship-resistant access to that state

Unfortunately state changes are limited to direct user inputs, which isn't ideal for contracts that affect multiple parties

This space is still missing the other half of the equation
What we're missing is a trust-minimized and provably secure off-chain agent that can reliably trigger a state change on the behalf of the contract's beneficiaries

Importantly, that state change can be based off of the real world data ALL traditional real-world contracts require
I think you know what I'm getting at

>>> Oracles <<<

The vast majority of useful #SmartContracts will need secure oracles as the data they require to execute is off-chain

#Oracles are the bridge between the on-chain world and the off-chain world

The gatekeeper so to speak
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William McKenzie
@wbm_97
1./ $2.643 billion announced in real world assets to be tokenized on the #Tezos blockchain. The latest, coming from @tzero and @tezosfoundation includes a project planned to tokenize $643 million in real estate on #Tezos. #TezForce

coindesk.com/tzero-tezos-fo…
2./ #Tezos is becoming the clear leader in the STO space. With features such as institutional-grade smart contracts, secure custody, and upgradability, #Tezos is the go-to platform for launching an STO.
3./ There are still many in the works, including one with @TokenSoftInc which was announced to attendees of the “Security tokens on Tezos” meetup hosted by @jonaslamis back in September. #Tezos

reactcrypto.net/tezos-aspencoi…
Read 4 tweets
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Mikko Ohtamaa
@moo9000
@Johnny_Nashbro @block_one_ 2/ If you are building an vertical application (securities) and a blockchain (settlement system) at the same time you are trying to solve two problems. 1) Compliance and 2) Scalability... and everything between them.
@Johnny_Nashbro @block_one_ 3/ Compliance does not depend on scalability or vice versa. This is called a separation of concerns in development.

en.wikipedia.org/wiki/Separatio…

Both of these problems can be solved independently.
@Johnny_Nashbro @block_one_ 4/ Here is my rough image what are business problems (a lot of phone calls with regulators and lawyers), what are engineering problems (software development) and what are hardcore pure math a science problems in #blockchain space
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Jared Tate
@jaredctate
1/8 It’s time to set the binance record straight and let the world know the truth. The binance - DGB story starts with us refusing to pay the “listing fee” last summer/fall. And continuing to refuse to ever pay it for the last 12 months.
2/8 Several key members of the DGB community were accused of being Chinese spies last fall in WeChat groups attempting to undermine CZ... Groups none of us were ever part of or aware of since none of us use WeChat. Major miscommunication here.
3/8 Binance used our social media attention for the Citibank Tech4Integiry event in 2017 to gain attention for itself after first launching. Several twitter polls were won for DGB and a listing was “promised” on several occasions.
Read 12 tweets
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Michèle Finck
@finck_m
The French data protection authority has issued the first formal guidance on the relationship between #blockchain and the #GDPR in the #EU.

I'll tweet some of the main points. Here is the full text: cnil.fr/sites/default/…
1. The @CNIL makes clear that its goal issuing this publication is to provide concrete guidance to actors in the space. This is to be applauded. Many in this space try to build compliant systems but are having a hard time figuring out what this entails.
2. *Data controllers*: unsurprising: where users directly engage with the ledger they can sometimes be controllers.

This, however, is only so where natural or legal persons exercise a professional or commercial activity (broad interpretation of household activity).
Read 19 tweets
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Alex Krüger 🇦🇷
@Crypto_Macro
1/n. McKinsey on #Blockchain's strategic value.

- It doesn't have to be a disintermediator to generate value. This encourages permissioned commercial applications.
- It's short-term value will be predominantly in reducing cost.
- It's 3-5 years away from feasibility at scale.
2/n. Blockchain’s core advantages are decentralization, cryptographic security, transparency, and immutability. It allows information to be verified and value to be exchanged without having to rely on a third-party authority.
3/n. Five common blockchain myths.
Read 22 tweets

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