Arthur Breitman released a paper called the Position Paper and the Tezos whitepaper. Breitman wrote the two papers under the pen name of LM Goodman, claiming to have found Satoshi Nakamoto.
The Tezos Foundation, based out of Switzerland, raised $232 million in a fundraiser and became one of the biggest ICOs (initial coin offering) of the 2017 ICO craze. Tim Draper was a participant in backing Tezos’ ICO. The Tezos Foundation then faced management controversy about the use of raised funds by foundation leader Johann Gevers. He bailed in 2018. (That’s good)
The Tezos founders and Tezos Foundation settled the lawsuits against them alleging the unauthorized sale of a security, for $25 million paid out by the Tezos Foundation. A rocky start, but, looks like they are on the right path.
Let’s take time to define what a smart contract is.