Tezos Foundation announces preparations for Betanet launch

J Michaels

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The Tezos Foundation will support the launch of the Tezos beta network, including a tool to help fundraiser contributors verify their donation.

After reaching fundamental milestones in recent months, the Tezos Foundation is excited to announce that final preparations for the Tezos beta network («betanet») are underway. As launch approaches, the Foundation will make further announcements with additional details on its official website tezosfoundation.ch.

The Tezos community has been running the alphanet, a test network, successfully for well over a year. Although this provided valuable engineering insight, there is no substitute for real-world experience. To that end, the Tezos Foundation looks forward to the launch of a betanet. Tezos contributors who opt to interact with this network must understand that it will undergo unscheduled downtime and require maintenance and adjustments. The Foundation anticipates a broader main network («mainnet») launch to follow with transactions from the betanet persisting into the mainnet.

A genesis block will be proposed by the Tezos Foundation at betanet launch. To prepare for this, it is imperative that all contributors verify their donation—regardless of size—to confirm that it was received by the Foundation. The Foundation intends to recommend allocations in this proposed genesis block for donations of any size that were received during the fundraiser, but they must appear in the Foundation’s new «Check Your Contribution» tool.

All fundraiser contributors should click on the «Check Your Contribution» link below to access the tool and enter the Tezos public key hash that was included on the PDF document they created during the fundraiser. Only use this link and do not enter any other information besides the public key hash. If the donation does not appear when a public key hash is entered, then it will not be included as a recommended allocation in the genesis block proposed by the Foundation unless additional steps are taken to make sure it is included. Further information is given on the linked page.

CHECK YOUR CONTRIBUTION

The Tezos Foundation hopes that all community members are as excited about the betanet launch as they are!

About the author

John Michaels is a seasoned bullion coin and gold IRA expert, renowned for his deep understanding of precious metals investments. With over two decades of experience in the field, John has become a trusted authority on the intricacies of gold and silver markets, helping countless investors secure their financial futures through strategic investments.

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