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AOI And PARTNRS Group Join The Tezos Ecosystem As The First Luxembourg Corporate Baker

Today, AOI s.a., becomes the first Luxembourg company to participate in the Tezos ecosystem as a corporate baker. By officially becoming a baker, AOI will now validate transactions (blocks) and add them to the Tezos blockchain.

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AOI And PARTNRS group Join Tezos Ecosystem

Today, AOI s.a., becomes the first Luxembourg company to participate in the Tezos ecosystem as a corporate baker. By officially becoming a baker, AOI will now validate transactions (blocks) and add them to the Tezos blockchain.

AOI, as a baker, will have different roles to play in Tezos governance: in addition to validating the transactions, it will be at the core of the protocol’s evolution by having voting rights proportional to the tez (Tezos tokens) it stakes and are delegated to it.

Tezos is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by a global community of validators, researchers, and builders.

AOI will soon launch more services around Tezos and delegation and has the ambition to become a pro-active participant of the Tezos ecosystem.

The Tezos ecosystem is built on low-gas fees, cross-chain utility, yield farming protocols, efficient DEXs, bustling NFT platforms, and more. With over 5.8 million contract calls in September, Tezos is one of the fastest growing blockchain ecosystems.

On Tezos, developers are able to easily build powerful decentralized applications and products. Projects and brands such as Red Bull Racing Honda, McLaren Racing, OneOf, Ubisoft, Interpop, Hic-Et-Nunc, and more have chosen to build on the Tezos blockchain.

Upgrades on Tezos are made possible by its proven on-chain governance, where continuous improvements are proposed by participants on the network.

They are voted on, adopted, and deployed without the need to rely on hard forks. This upgrade mechanism minimizes disruptions while offering regular upgradability and enhanced functionality over time.

So far, Tezos has undergone seven network upgrades that have reduced gas fees by 70%, improved token standards, increased transaction speed, and more.

Cyril Lamorlette, PARTNRS representative, commented:

“Becoming a corporate baker on Tezos is a very pragmatic illustration of our successful joint venture with INNO! “

Wesley Deglise, AOI’s director and INNO representative said:

“Open source innovations, such as participating in the governance of the Tezos network, are not only a compelling concept, but are also a robust business case as reflected in our decision to become the first Tezos corporate baker in Luxembourg.”

Alexia Martinel, Adoption Manager in Luxembourg at Nomadic Labs, added:

“We are particularly delighted to welcome the first Luxembourg corporate baker to the Tezos ecosystem; thus paving the way for a growing commitment from the country’s institutional players.”

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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