Don’t call it a comeback. Tezos, the blockchain project backed by the largest ever initial coin offering (ICO) at the time of its 2017 launch, hasn’t exactly been able to translate its hype into success as yet. Hamstrung by series of legal woes, the open-source software, designed for blockchain governance, has spent months ironically held back by real-world challenges similar in spirit to those it was designed to overcome digitally.
But after a whirlwind transition at the non-profit that oversees the software, the protocols creators and investors are moving swiftly toward a beta and a formal release. Outstanding issues remain, mostly of a legal and bureaucratic nature, but those involved say the technology is taking strides toward going live.