Our work continues at TezTech Labs — in this update we want to cover the work completed over the past few weeks!

Sydney Meetup

We recently co-hosted the Sydney meetup — unfortunately due to the turn in weather the turn-out wasn’t the best, but it was a start and it was great speaking about our projects. Our presentation was focused around our Velos protocol, which we will be open sourcing this month!

Velos

As mentioned, we have developed Velos to the point where we are able to open source our 2nd level protocol in September. We do need to complete supplementary documentation to go along with it, but the project as a whole has been a great experiment. On a side note, we are looking to launch a Velos Node through an existing baking service.

In the coming months, we want to start working with ecommerce stores who want to add XTZ as payment options — if you would be interested in this, please contact us via Twitter.

Protocol upgrade

With the upcoming Babylon upgrade we are turning our focus to ensuring our infrastructure and core service offerings have been successfully updated to ensure a seamless transition to the new protocol. These projects include:

Eztz.js (minor changes)

TezBox Wallet (major changes)

BakeChain (minor changes)

TezRPC infrastructure (somewhat major changes)

VIAZ IEO

Finally, I want to quickly cover a project we are working close with — VIAZ. Our IEO launched about a month ago, but unfortunately it failed to gain as much traction as the team had anticipated. Half-way through the IEO the team decided to put it on hold while options were evaluated. In the end the team decided that it was not feasible to continue with the IEO, and it wouldn’t be fair for contributors.

All IEO participants will be refunded in full — the team are working with the p2pb2b exchange to have this completed within the next 5–10 working days.

VIAZ is not dead however, as the team have worked with the private investors to settle on an alternative direction that allows development to continue. VIAZ will not be raising funds, nor will it have a token, but it will be an investment and funding platform that is built on the Tezos protocol.