According to a Medium post, it was announced that Papers, the organization responsible for the development of crypto wallet AirGap, has been awarded funds for the development of tezblock. The grant was sanctioned by the Tezos Foundation for meaningful block exploration accessibility of Tezos.

The grant could be very essential from the development perspective of Tezos as tezblock, which is a block explorer for the virtual asset, focuses on making the Tezos protocol more available and validating the data with a better approach.

The post also stated that the tezblock code would be open-sourced under an MIT license and the grant would assist the organization in initiating the initial concept towards a “Minimal Viable Product.”

Following the announcement the post said,

“We want to take a user focused approach with tezblock and build this explorer according to user feedback. Block explorers are being used by different user groups with various requirements.”

Lately, Tezos has been making waves in the crypto-industry after its parent blockchain made history after the activation of two separate backward-incompatible changes. Its recent upgrade termed as the “Athens A” for smart contracts and decentralized applications was decided via on-chain voting involving all the stakeholders.

Arthur Breitman, Co-founder of Tezos, stated,

“You can do more things in one block, and the main reason for that is that when the network launched, anyway, it was very new and limit was set at a pretty conservative value.”

At press time, Tezos was valued at $1.30 and it exhibited an impressive growth of 4.37 percent over the last 24 hours. The market cap for the virtual asset was around $850 million, at press time.

The post Tezos Foundation awards grant for development of tezblock; initiates concept of ‘Minimal Viable Product’ appeared first on AMBCrypto.

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