Tezos Announces Major Upgrade to Improve Network Functionality
Open-source platform Tezos has just announced Edo, its fifth and most ambitious upgrade to its blockchain to date. This upgrade will add the Sapling protocol, tickets, and a new Adoption Period to support future upgrades that improve network functionality. Sapling, Tickets, and a New Adoption Period will Bolster Future Upgrades Tezos has been ramping up development activity following the growing hype around its native token XTZ, which has risen nearly 120% year-to-date as of writing. Its last update, Delphi, was released three months ago and cut gas costs by 75%. Tezos says its new Sapling....
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This upgrade focuses on the expansion of the Bitcoin network’s smart contract capabilities and improves privacy on the network. Bitcoin is set to undergo a major network upgrade, Taproot, in nearly two days, i.e., on Nov. 14 or 255 blocks later, as per data from Taproot.watch. This is the first significant upgrade since the Segregated Witness (SegWit), which eventually culminated in the development and launch of the Lightning Network in 2018. The original Taproot proposal was made by Bitcoin core contributor and former Blockstream chief training officer Gregory Maxwell on Jan 23,....
If crypto-economics is all about regulating and promoting economically rational behavior among voluntary contributors, Tezos liquidity baking is a poster child of this concept. Promoted as one of the key features of the recent Granada network upgrade for Tezos, it is expected to combine the best in Tezos’ existing governance model and a new approach […]
Tezos is seeking to attract DeFi developers, implementing a protocol upgrade that reduces smart contract gas fees by roughly 75%. Top-20 crypto asset by market cap Tezos (XTZ) has successfully completed its latest upgrade, “Delphi,” which aims to reduce smart contract gas fees by 75% to attract decentralized finance (DeFi) developers to build on top of its blockchain.Delphi was proposed on Sept. 3. It’s a joint undertaking from Nomadic Labs, Metastatic, and Gabriel Algour intended to “help individuals developing smart contracts on Tezos.” According to a joint post from Delphi’s developers....
Bitcoin underwent a major network update, the Taproot Upgrade, on 04:10 UTC on Nov. 14. This is the first major upgrade that the network went through since the Segregated Witness (SegWit). The SegWit upgrade eventually resulted in the development and launch of the Lightning Network in 2018. The Taproot upgrade was originally proposed by Bitcoin […]
Major protocol improvements, attractive staking rewards and real-world adoption from banks back the current bullish price action seen in XTZ. The Ethereum (ETH) network is currently the dominant layer-one protocol in terms of smart contract deployment and active users, but the race to become the 'world’s computer' is far from settled because competing protocols are gaining traction by offering solutions to high transaction costs and slow confirmation times, the biggest problems facing the network.One project that has been on the rise over the past month is Tezos, a proof-of-stake....