Governance vote of public smart contract-enabled Blockchain tezos started on Feb. 28 has been concluded three months later

After three months, a governance vote of public smart contract-enabled blockchain tezos (XTZ) started on Feb. 28 has been concluded — as scheduled — three months later, on May 28.

Cryptocurrency news outlet Coindesk reported yesterday that the voting process has approved the upgrade — dubbed Athens A — and that the implementation is imminent. Tezos is a so-dubbed “self-amending” proof-of-stake blockchain, which means that it has an integrated upgrade system managed by the votes of coin stakers.

The Athens A upgrade is reportedly the first one which passed the “self-amending” process, and it will decrease the baking (mining equivalent) requirement to 8,000 XTZ and increase the gas limit, making smart contract deployment easier. The update is expected to be activated today on block 458,752.

Also read: Cool Charm Bracelets Partners With Shopping Cart Elite to Accept Bitcoin Diamond and Other Crypto Payments

Source: https://cointelegraph.com/news/report-tezos-is-about-to-undergo-its-first-token-holder-administered-hard-fork