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So what exactly happened here? There was an ICO for a big new smart-contract blockchain with some cool features, and the blockchain never materialized?
It was a project that was and continues to be promising from a development and utility standpoint, but that has been marred by terrible governance, internal politics, and amateurish management
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It was a project that was and continues to be promising from a development and utility standpoint, but that has been marred by terrible governance, internal politics, and amateurish management
And worst of all, their product is about improving governance. Not a promising start.
Whether or not that means that the project will ultimately release, I have no idea (nor vested interest in).
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I can't remember a single ICO that has brought anything useful to the market yet. You can say Ethereum, but it wasn't an ICO properly speaking. Even if it was, a single good example in hundreds isn't enough. Ripple didn't have an ICO, Bitcoin Cash didn't, Zcash didn't, Monero didn't, Stellar didn't.
Wabi seems to be doing it right: https://www.wacoin.io/
Can someone explain briefly the Tezos unique features and why would someone want it? In my understanding it is just a Bitcoin copy that has a voting feature to decide protocol changes.
In addition to on-chain governance you mention (i.e. the built-in voting features to decide protocol changes and avoid the civil war that's going on in Bitcoin world), they use a functional programming language that is supposed to be much safer and easier to code than the Ethereum language.
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In addition to on-chain governance you mention (i.e. the built-in voting features to decide protocol changes and avoid the civil war that's going on in Bitcoin world), they use a functional programming language that is supposed to be much safer and easier to code than the Ethereum language.
Why not just write a compiler for that functional language (I think OCaml) that outputs EVM bytecode? Seems very doable from afar...
https://www.cardanohub.org/en/what-is-cardano/
In the interest of full disclosure, I do own some Cardano.
If you like the idea of Tezos, have a look at Cardano. It has on-chain governance voting, formal verification, and the ability to upgrade the protocol without the need for hard forks. Basically, all the stuff that got me interested in the Tezos project. https://www.cardanohub.org/en/what-is-cardano/ In the interest of full disclosure, I do own some Cardano.
If you like the idea of Tezos, have a look at Cardano. It has on-chain governance voting, formal verification, and the ability to upgrade the protocol without the need for hard forks. Basically, all the stuff that got me interested in the Tezos project. https://www.cardanohub.org/en/what-is-cardano/ In the interest of full disclosure, I do own some Cardano.
Here is a good whiteboard summary of Cardano[2], by Charles Hoskinson, who is co-creator of Ethereum as well as Cardano and other associated notable works.
[1] - https://iohk.io/team/
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Wabi seems to be doing it right: https://www.wacoin.io/
None of this product requires the blockchain though. They're applying RFIDs to baby formula. The currency is nothing but an unnecessary lock in