嘉賓：Ken Garofalo，Tezos基金會
主持人：Beep幣撲創始人小喵
分享主題：Tezos是如何擠進市值前十的？
分享時間：12月31日10：00
Plan B：Beep重磅打造的一檔原生大V對話區塊鏈大咖的線上AMA節目
導語：夫妻檔聯合創辦，對標比特幣和以太坊，上線兩週即籌集2.32億美元，當時融資額最高的ICO專案，專案暴富後又遇到內訌崩盤，調整後，團隊迴歸正規，併成功上線主網，並且市值擠進全球前十，如今，這個出生起就充滿神奇的專案Tezos來Beep幣撲了。**精彩內容請看AMA精簡。**
問題一：2019年對於Tezos來說絕對是精彩的一年，但是對很多新投資者來說可能沒那麼熟悉Tezos，有請Ken來解釋一下什麼是Tezos，Tezos得住重點是什麼？
Tezos may not be a familiar project for some of the new investors. Could you give us a brief introduction about what Tezos is and what it mainly focuses on?
答：Tezos是下一代區塊鏈。一個自我訂正的分散式網路賬本，參與者（“烘培師”/記賬節點）可以透過規範的鏈上管理來引入協議升級。
烘培師社羣隨後對這些升級進行投票，以進入共識的新鏈條，對Tezos進行新功能的升級。此過程甚至可以用來升級鏈上管理過程本身。
除了自我修正之外，Tezos還擁有業內最安全的智慧合約。Tezos的基本程式碼源自OCaml，因此對於財務方面的智慧合約來說是理想的選擇，因為它能使財務智慧合約更易於驗證。由於這些安全的智慧合約的特性，我們已經看到在Tezos上出現了STO案例。
Tezos也是LPoS，這意味著任何人都可以作為記賬節點（“烘培師”）加入網路，而這隻需要擁有一定數量的XTZ（目前是8,000）。如果您的XTZ較少，則可以將tezos委託給烘培師，並開始享受Tezos的staking獎勵，目前每年大約7％，每2.5天覆利一次。
目前，我們專注於開發人員的招募，並推動STO的發展。
Tezos is the next generation blockchain. A self-amending ledger in which network participants ("bakers" / validators) can introduce protocol upgrades with formalized on-chain governance.
The community of bakers then votes on these upgrades to pass into a consensus new chain, upgrading Tezos to include new features. This process can even be used to upgrade the governance process itself.
Beyond being self-amending, Tezos boasts the most secure smart contracts in the industry. Tezos is ideal for financially weighted smart contracts due to its base code being derived from OCaml, making its smart contracts more easily formally verified. We are already seeing the STO use case arise on Tezos due to these secure smart contract characteristics.
Tezos is also LPoS, meaning anyone can join the network as a validator ("Baker") just needing to have the required amount of XTZ (currently 8,000). If you have less XTZ you can delegate your tezos to a baker and start enjoying Tezos staking rewards, currently around 7% annually, compounded every ~ 2.5 days.
We are currently focused on the continuing onboarding of new developers and also pushing forward the STO use case.
問題二：Tezos的共識機制LPoS在早期階段是獨樹一幟的，但隨著PoS的普遍化，使用者常常會將LPoS和DPoS弄混，您可以解釋一下兩者之間的區別嗎？
The consensus mechanism of Tezos is called LPoS which often got mixed with the concept of DPoS, could you bring out the main diffidence between them?
答：LPoS-股權證明是Tezos獨有的。這意味著在任何時間，網路中記賬節點的數量都可以更改。任何人都可以成為（Baker），只要他們具有至少一個8,000 XTZ的“ Roll”和基本的技術知識即可建立他們的“ Bakery”。
EOS等其他鏈根據大眾投票將記賬節點限制在前21位。Tezos更具包容性，不限制驗證者的數量，而是專注於成為最分散的區塊鏈之一。
目前，有超過400位記賬節點（烘培者）參加。
烘培者資訊的可以參考：mytezosbaker.com或baking-bad.org
與LPoS相關的老文章可以參考：https://link.medium.com/VXxueMlYQ2
LPoS - Liquid proof of stake is unique to Tezos. This means that at any given time the amount of validators in the network can change. Anyone can be a validator (Baker) as long as they have at least one "Roll" currently 8,000 XTZ and basic technical knowledge to set up their "Bakery".
Other blockchains such as EOS limit validators to the top 21 based on popular vote. Tezos is much more inclusive not limiting the amount of validators, instead focusing on being one of the most decentralized blockchains.
Currently there are well over 400 validators (Bakers) participating. A good site for Baker information is mytezosbaker.com or baking-bad.org.
An older article that is still relevant on LPoS can be found here: https://link.medium.com/VXxueMlYQ2
問題2.1:實際上，近幾年，人們仍在尋找新的共識機制，有什麼你在持續關注的嘛？
Actually people are still looking for new consensus mechanisms these years,is there any interesting research you are fond of?
答：有的，參考Avalanche（雪崩）共識以尋求擴充套件解決方案。據說，在未來幾年內，可以透過鏈上訂正將其引入Tezos。
此外Marigold，一種側鏈系統，也是關於擴容方案的。
相關資料（法語）：https://tezos-france.fr/index.php/2019/06/04/marigold-systeme-sidechains-tezos/
我們還討論過要在Tezos上實現Tendermint共識演算法。
這些擴容解決方案都是可以獨立開發的，並且可以透過鏈上訂正加入到Tezos中。只要是透過了修訂流程，Tezos是可以吸收任意專案的科技點的。在某些情況下，Tezos基金會可能會捐贈致力於這些解決方案的公司或實驗室，以加速其落地應用。有關補助金的更多資訊，請訪問tezos.foundation。
Actually yes, looking into Avalanche consensus for a solution to scaling. There has been chatter that this could be introduced to Tezos via on chain amendment sometime within the next few years.
Also Marigold, a system of sidechains, has been talked about as a scaling solution as well. Marigold article, its just up to the community to decide if their code is worth the inflation.
For more information on Tezos governance visit https://www.tezosagora.org
**In addition to inflationary funding for successful protocol amendments, the organization known as Tezos Foundation also has over 500+ million USD worth of funds that is used to advance and foster the tezos ecosystem. They publish a bi-annual report that details how much money they have and how its actually a brilliant way to earn the staking reward without losing control of your assets.
問題5.2: 在staking和流動性的比例之間是否有一個最佳的平衡點？
Is there a best balance between staking and liquidity?
答：我不認為staking與流動性會有最佳比例。重要的是，網路中的大部分都在staking以保證穩定，從而減少不好的影響。
I dont believe there is any best ratio of staking to liquidity. It is important that a large % of the network is staking to secure the network and reduce chances of a bad actor taking control.
問題5.3:但在staking階段，你還是不能移動你的代幣，對嗎？
Still you can’t move you tokens when staking right?
答：不，代幣在staking還是委託期都可以轉移。只有你自省烘焙（baking）的時候才會產生保證金。
不過通常，在staking階段你不會移動你的代幣。由於隨機快照確定了烘焙權利（快照週期在2.5天）
你不會想錯過快照的。
Yes, tokens can be freely moved when staking/delegating.
Only if you are self baking is there a bond requirement.
Typically you wouldnm very proud that our community was able to collectively rise up and swiftly fix the issue at hand.
Now we are full steam ahead and ready to enter the growth phase for Tezos.
As far as advice for other startups, Is what makes the team stronger.
問題七：在應用落地這一塊，Tezos的著力點落在哪裡或者您本身看好哪幾個方向？
Which blockchain use cases Tezos or you personally will definitely pay attention to ?
答：STO是當前引起行業內和主流關注的主要用例，這也是我最關注的。
Tezos最適合現實世界資產的STO，因為它的智慧合約更易於驗證。 Tokensoft Inc.，Securitize，Elevated Return和BTG Pactual等公司已經宣佈支援並承諾在Tezos上對價值數十億美元的房地產進行代幣化。
從我的角度來看，證券型通證是區塊鏈的第一個主要用例之一。我們將能夠使用證券型通政來革新傳統金融。在當今的傳統市場中，如果匹配正確，交易可能需要T + 2 / T + 3甚至更多時間才能確定。我們幾天的時間可不短啊！快到2020年了，我們需要利用證券型通證提供的即時結算來減少或消滅持有相應抵押品的需求。這有可能釋放出銀行定期存入的數萬億美元浪費的抵押品存款。更不用說股票投資和改進過的會計資料庫將是證券型通證的優勢。
Tezos正引領著證券型通證的發展，我感到無比興奮去看到這些專案在2020年投入使用。
證券型通證的潛在市場超過268萬億美元**，由全球可投資金融資產存量組成。
The main use case that is currently gaining a lot of attention from both the blockchain industry and mainstream is STOs. This is what has my full attention as well.
Tezos is best suited for real world asset backed STOs due to its smart contracts being more easily formally verified.
Players such as Tokensoft Inc., Securitize, Elevated Returns, and BTG Pactual have announced support and committed real estate to be tokenized on Tezos worth multiple billions of dollars.
Security tokens from my perspective are one of the first major use cases for blockchain.
We will be able to revolutionize traditional finance with security tokens. In todays multiple days we are talking about, let that sink in. Itt be more excited to start seeing these projects go live in 2020.
The addressable market for security tokenization is in excess of $268 trillion**, which is composed of the global stock of investable financial assets. Relevant press release: https://tezos.foundation/news/btg-pactual-and-dalma-capital-to-utilize-tezos-blockchain-for-security-token-offerings-stos
問題7.1:回首2018，人們一致再說STO會是下一件大事，你怎麼看這個觀點？
Back to 2018, people keep saying it will be the NEXT BIG THING, whatm personally also very excited to see the major exchanges support Tezos baking, making it easier than ever to earn Tezos staking rewards.
問題九：從14年以來，大家就喜歡拿Tezos和以太坊進行對比，現階段以太坊也打算從PoW轉向PoS，對此你怎麼看？
People keep comparing Tezos with Ethereum sin 2014. How do you think Ethereum is going to transform from PoW to PoS?
答：與Tezos相比，以太坊非常中心化，並且基於Vitalik的言論，他們希望中心化。
不幸的是，以太坊在升級到PoS時遇到了很多麻煩，多次延遲了該過程。
我認為他們很難與記賬節點社羣達成共識，因為許多人已經花費了數千美元（甚至數百萬美元）購買了可能變得毫無價值的採礦裝置。
這可能不僅給社羣造成動盪，而且也會反映在他們的市值排名中。
但是很明顯，PoS是未來，與PoW相比能耗更低，並且激勵措施相互配合。
Tezos具有從一開始就始終是LPoS的優勢。在Tezos中，如果您想增加“挖礦”的份額，您只需購買更多XTZ。這是同等激勵，這個獎勵與“挖礦”是相同。
Ethereum is very centralized compared to Tezos, and based on Vitalikm actually starting to see a promising formation in the bitcoin chart and it is lining up perfectly with the halving timeline.
I believe the halving will continue to be a positive indicator for the price of BTC.
Bitcoin is still the king and it seems we wont see drastic returns in alts unless bitcoin is able to make new all time highs and beyond. I believe 2021 will be a very good year for the entire market.
A slogan some of us have been saying...
Tezos, the new Bitcoin :)
#Plan B#
