Blockchain startup Tezos just completed its first voting round to update its “self-amending” blockchain network. It’s the first step of this kind for the platform’s protocol amendment procedures.
Tezos has had its fair share of promise and peril. Once talked about as the “possible Ethereum killer,” Tezos raised a record $232 million through an ICO in 2017, only to experience multiple prolonged legal battles and dramatic infighting. Despite this, Tezos launched in 2018 and since then, the community has been focused on how to best iterate upon the Tezos blockchain. After this inaugural vote, the market cap of Tezos is over $500 million, according to CoinMarketCap.