Tezos, a blockchain best known for its off-chain drama rather than its on-chain utility, is set to fork. Internecine conflict has riven the Tezos community for months, spilling over into the courtroom and leading to the dismissal of foundation members. On the eve of its mainnet launch, another twist will see nTezos created as a spin-off. In the process, it will make Tezos the first blockchain to have been forked before it’s launched.
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And Then There Were Two
For armchair addicts, the cryptocurrency space is never short of popcorn moments, ranging from ICO scams to in-fighting, FUD, FOMO, and all the other acronyms for which the sector is renowned. Tezos its very own soap opera however, a twilight zone in which every week offers something macabre or unexpected. The news that Tezos looks likely to fork before it has so much as launched isn’t entirely unexpected, but it’s certainly an odd turn of events.
There are many reasons that could have triggered an acrimonious fork of the Tezos code, splitting the project in two, but in the end it appears to have been the enforced KYC that was the final straw. nTezos, should it launch as promised, will share the same open source code as Tezos minus the KYC and without the founders’ rewards. It will also come with an auditable genesis block and will not be affiliated with the controversial Tezos foundation.
This means that Tezos token-holders will have a choice of blockchains to adopt straight out the gate – or they can simply hedge their bets and claim their tokens on both chains. For token-holders to preserve their anonymity, however, they will presumably have to
