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Tezos Dispute Spurs Creation of Rival Foundation

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Mon, 5/02/2018 - 22:55
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Tezos Dispute Spurs Creation of Rival Foundation
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The dispute between Tezos founders, who control the project’s code, and its foundation, which controls the ICO funds, has heated up again. Following their inability to oust foundation leader Johann Gevers, supporters of the project’s founders have formed their own foundation, called T2. If the founders can manage to launch Tezos without the funding of the Tezos Foundation, they could divert the foundation’s intended endowment (10 percent of the genesis block) to the new foundation instead. It’s unclear if the founders have the funding needed to do this, given their lack of access to the ICO funds.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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