Tezos drops 75% within hours

A conflict between the founders of Tezos project and head of Tezos Foundation leads to panic among the investors 
19 October 2017   1737

Only three month ago Tezos carried out an extremely successful ICO raising 232$ million, but currently project is in danger of losing trust of their investors even before it could have been officially launched.

Tezos pre-launch Charts Tezos (Pre-launch) Charts

On October 18th Arthur and Kathleen Breitman published a letter in their official blog stating that president of Tezos Foundation, Johann Gevers, “engaged in an attempt at self-dealing, misrepresenting to the council the value of a bonus he attempted to grant himself”. This may have influenced such a notable decrease of futures price.

Founders of Tezos now intend to legitimately remove Johann Gevers from Tezos Foundation.

Digital coins of Tezos under the name "Tezzies" are already highly priced at a hefty premium in futures trading although they do not yet exist. The launch of Tezos network and the coin release are postponed indefinitely.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   133

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.