Blockchain

Tezos Launched The Kathmandu Update On Its Mainnet

Blockchain at Layer 1 Tezos launched the Kathmandu update, which added additional scaling capabilities.

According to the Tezos team, the Kathmandu update went live on the proof-of-stake mainnet at block 2,736,129 on Friday at 8:30 a.m. UTC.

The 11th upgrade since its start in 2018, and offers possible scalability improvements.

According to the formal proposal for the update, it has introduced the possibility to allow off-chain computing through Layer 2 solutions like as optimistic roll-ups, as well as optimized the block validation process for improved transactional performance.

In addition, the authors stated that Kathmandu developed a persistent testnet for testing with new features, increased randomization in how the mainnet selects delegates for greater security, and made other protocol enhancements.

Tezos contributors and development businesses Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori & Tweag suggested Kathmandu in July. The community later accepted it through an on-chain governance mechanism.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Network Contracts Liquidated: $75.9M Lost in 24 Hours, Shocking Traders!

Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…

5 hours ago

Sui Token Supply Is Controversial When Over 84% Of Staked Tokens Are Controlled By Founders

Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…

15 hours ago

New Coinbase Class Action Lawsuit Is Attacking Exchange With Securities Listing Charges

The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…

15 hours ago

Bitfinex Data Breach Is Now Causing Controversy, Tether CEO Voices Rebuttal

Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…

16 hours ago

FSOCIETY Threatens Massive Bitfinex Data Leak: 400,000 Users At Risk

Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…

1 day ago

Disappointment Clouds Friend Tech v2 Launch Despite Exciting New Features

According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…

1 day ago

This website uses cookies.