Tezos Monthly Report: Technology, Economy, and Community in January ’21
January 2021 for Tezos was a month of reports and announcements, summarizing the past year, and proclaiming the goals for the new one. And it looks like it will be quite event-packed.
Our monthly digest of news from the Tezos ecosystem has three sections: technology, economy, and community. The first one covers the Tezos network and everything code-related. The second one deals with the news from the Tezos ecosystem and XTZ markets. Finally, the third one talks about the events within the Tezos community.
The preparation for the deployment of Edo, the fifth update to the Tezos protocol, was the top theme of January, with Sapling and tickets being the most discussed features. We’re currently making a separate post about Edo which will be released simultaneously with the final approval of the update (we already have a quorum, so it will happen on February 11th)
For the Tezos network, January 2021 signified the historical maximum of smart contract calls and the usage of paid vaults. If you want to know more about storage on Tezos, we recommend starting with the SimpleStaking blog.
The network has approached the landmark of having one million addresses with a balance distinct from zero. Chances are we will cross that line in February.
The Nomadic Labs team, one of the most prominent Tezos developers, has released their 2020 report: culture and growth, seminars and events, notable projects and achievements, assistance in Tezos implementation, protocol updates, and R&D. Their January seminars focused on zkChannels and LIGO.
Tezos Agora saw the discussions about virtual bakers and Сtez as an alternative to the former, as well as global constants, concurrency problems, and the development of Spruce (their DIDKit v0.1 is already available on GitHub).
And here’s one more important thing about development. Tezos Ukraine has launched a free online course on smart contract development with Tezos. It will feature four video lessons, a workshop with a competitive program, and a hackathon where you will be able to put the newly acquired knowledge to practice. Keep your finger on our blog updates!
January’s primary topic in the Tezos ecosystem was DeFi. Last month, we announced numerous DeFi projects on Tezos with Bender Labs offering arguably the most ambitious plans in this regard. Their team intends to develop the basic DeFi primitives on Tezos in the near future but now focuses on their first project, a protocol for wrapped assets aptly named Wrap with the governance token called WRAP.
Another notable announcement of January was about Homebase, a platform for DAO launching by TQ Tezos. It is important as there is no DeFi without DAOs. In order to make decentralized financial apps truly decentralized, we have to enable their governance not by an admin key held by the team but by a DAO.
NFT fans also got their share of announcements. Kalamint, a marketplace for the creation and trading of NFTs, has announced they started accepting applications by artists as of February 12, and would officially launch the platform on February 18.
The XTZ market in January was on the rise. As of February 1, XTZ price comprised $2.85 with a daily exchange turnover of $253.67 million. Compared to the same date in 2020, the XTZ price has gained 41% ($2.85 vs $2.02) and the turnover of 140% ($253.67m vs $105.49m).
The Tezos ecosystem has welcomed stablecoins Kolibri and Stably, while Nisbah Capital has become the first corporate baker of Tezos in the Middle East. The custodian Fireblocks decided to offer staking services to their major customers, and Grayscale launched an XTZ-pegged trust.
In conclusion, here’s a small economy-related bonus: Arthur Breitman has posted a video explaining the difference between inflations of a fiat currency, a PoW cryptocurrency, and a PoS cryptocurrency.
We have announced December’s winners of the monthly Tezos Community Rewards. Notably, there were no winners for the biggest number of questions or the best question on Agora, as well as the biggest number of answers or the best answer on Agora. It looks like the Tezos community will be happy to greet new inquiring minds. If you are one, you might start with questions to Tezos Foundation.
If you don’t know what the Tezos Community Rewards program is yet, please read the description of categories and nominate someone. Tezos Commons is planning to use the BaseDAO framework so that, by mid-2021, the community member rewarding as part of Tezos Community Rewards would be carried out via DAO by community members themselves.
TQ Tezos has launched a new weekly format entitled Tezos Spotlight for interviewing the teams and projects of the Tezos ecosystem. And if you’re more into watching and listening, here is the 19th edition of TezTalk Live and Arthur Breitman guest-starring at The Erica Show.
Speaking of community: have you read the report on Tezos Ukraine’s operation in 2020? Please read it and share your ideas and thoughts. Have a cool Tezos February!
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