The Baking Sheet - Issue #40

March 19, 2021

The #CleanNFT movement is here and now.

Welcome to this week’s issue of The Baking Sheet!

Voting is already underway for the protocol upgrade - Florence! Likewise, we’ve witnessed another incredible week of Tezos ecosystem news and developments. Tezos is continuing to deliver in a genuine way and this week’s issue will focus on just that.

Tezos Ecosystem Insights - The Lugh

This week we were treated to some exciting developments around a new stablecoin for Tezos that will be pegged to the Euro.

Press Release: PARIS, FRANCE, Mar 18, 2021 - (ACN Newswire) - The Lugh Company announces the creation of the first French digital asset pegged to the Euro, in partnership with Coinhouse, a leading French player in crypto-asset investments for individuals and professional investors, in a trustworthy environment built with key experts such as Societe Generale.

Imagine being able to have a safe and secure way to mitigate market volatility through a stablecoin and that standard being executed in practice today, not in theory by multi-billion dollar retailers on Tezos.

That’s precisely what we’ve been met with Lugh - the first Euro pegged digital asset to be in use by Groupe Casino. What’s even more, outside of use as a form of payment in its 11,000 store locations, there will be a loyalty rewards program for its customers. Moreover, Groupe Casino will be forming a consortium for other organizations and retailers to join for the purpose of adopting the Lugh.

Of the entities assisting with the development such as Nomadic Labs and Coinhouse, Societe Generale will also be providing assistance and expertise. If we recall back, Societe Generale has also selected Tezos as a candidate for a CBDC project to be in use by the Bank of France. This move only showcases their continued support and interest within Tezos.

The above chart has been explained before but the news from this week takes it one step further.

What we’re beginning to witness is continued adoption of these decentralized financial applications on Tezos not within just the nascent crypto community - but mainstream world. This isn’t to discount ongoing efforts by ecosystem-wide contributors, but we’re beginning to see the tracks laid for those unfamiliar with the underlying technology to have a way to interact with it and explore Tezos either unknowingly or willingly.

For it’s easy to be about delivering something in the future; it’s a far different story to actually ship these products in a genuine manner and deliver real social impact on a global scale.

When we couple the aforementioned statement with a decentralized protocol that is built to last and evolve, we get something truly powerful. That power is up to us to decide on how to utilize and wield it.

This Week in the Tezos Ecosystem

Minting three NFTs on Ethereum produces 915 pounds of carbon dioxide emissions, the weight of a polar bear.

On Tezos it produces .00054 lbs - about the mass of the snowflakes on this bear’s snout.

The energy consumption of Bitcoin, Ethereum, and other Proof of Work-based blockchain networks has become a popular topic of discussion in recent weeks. How much energy do Bitcoin and Ethereum…

Are you an avid collector? The kind of person who gets a profound rush of excitement when you finally acquire that long-coveted first-edition comic book, a rare variant cover, a piece of movie…

In collaboration with TQ Tezos, we introduced a rewards program for the Tezos Community in which up to 5000 tez will given to contributors across various categories. Please keep in mind that this is…

While the Bank of France recently completed a central bank digital currency pilot, retail giant Groupe Casino is reportedly releasing a stablecoin for its stores' loyalty programs.

Reno Mayor Hillary Schieve is judging an upcoming hackathon after recently announcing her plans for a Reno DAO on the Tezos blockchain.

Built on Tezos, ShuttleOne Network provides digital lending and remittance services to SMEs in Southeast Asia but without the need of a password.

We encourage community members to contribute to the new website by forking the new repository GitHub(https://github.com/tqtezos/tezos.com) and submitting pull requests. The content is editable in markdown files to make it easy to contribute.

NFTs have been around for years, yet it is 2021 when they truly blossomed. Tezos is no stranger to that trend.

This Week in Tezos Development

Proposal Period has Passed

The proposal period has completed and Florence, without baking accounts, will enter the exploration phase for the next 14 days. Florence offers improvements to contract operation size, gas optimizations, execution order for intercontract calls, and the elimination of the test chain activation.

Follow the vote at Tezos Agora 

A new release candidate (9.0~rc1) is available. If this release candidate proves to be stable, it will be released as version 9.0. This release candidate contains a new protocol environment (V2) which is required by Florence.

We are happy to announce that QuipuSwap has successfully passed the Least Authority security audit.

A Svelte template to build dapps on Tezos. Contribute to claudebarde/svelte-tezos-template development by creating an account on GitHub.

Follow Bender Labs for weekly updates on its Ethereum to Tezos bridge.

What is Tezos? Tezos is a blockchain network that supports formally verified smart contracts and has a unique governance feature where token holders can vote on-chain on protocol upgrades.

As you understand from the title of this post, we are announcing a bunch of new notifications in our bot :) This is a new type of notification available only in TezosNotifier!

Now Streaming

Trending on Tezos Agora

Summary Governance proposal #5 was voted on to raise the stability fee from 2% to 2.5% in order to gauge the market reaction, and gather data, while hopefully driving kUSD at least marginally towards the peg target.

Tezos-packaging provides an easy way to install and set up the infrastructure for interacting with the Tezos blockchain.

Another problem with hashes for addresses is that protocol migrations might rewrite the code (e.g. when some instruction is deprecated) and then either the hash needs to be rewritten too, or it will no longer actually be the hash of the value.

Tezos NFT Gallery - #CleanNFTs