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News

Tezos Blockchain Unveils Tezos X Upgrade to Promote Performance and Scalability

June 27, 2024 - Around 2 mins mins to read

Key Points:

  • Tezos introduces “Tezos X,” featuring a Canonical Rollup upgrade aimed at improving performance, composability, and interoperability on its blockchain network.
  • The Tezos X upgrade, set for 2026, will consolidate transaction execution into a single rollup, similar to Ethereum’s Layer-2 scaling solutions.
  • Tezos aims to transition from a monolithic to a modular blockchain design.
Tezos developers have unveiled plans for “Tezos X,” a comprehensive series of upgrades aimed at revolutionizing the platform’s performance, composability, and interoperability.
Tezos Blockchain Unveils Tezos X Upgrade to Promote Performance and Scalability

Tezos X Upgrade for Enhanced Blockchain Performance

The Tezos X upgrade is set to introduce a groundbreaking Canonical Rollup solution designed to handle and massively scale all activities within the Tezos network.

Scheduled for launch in 2026, the upgrade marks a significant evolution from the current monolithic blockchain structure. It will implement a single Canonical Rollup for transaction execution, akin to Ethereum‘s layer-2 scaling solutions but consolidated into one network.

The roadmap outlines a meticulous two-year development plan, emphasizing the separation of transaction execution into the Canonical Rollup, while the main Tezos blockchain continues to serve as the foundational layer for consensus and settlement. The modular design enables interconnected groups of nodes to specialize in different tasks efficiently, maintaining decentralization and optimizing performance.

Tezos Sets Sights on Smart Contract Dominance with Innovative Upgrades

Tezos, founded in 2014, distinguishes itself with features such as Onchain Governance and Self-Amendment, alongside a sustainable proof-of-stake consensus algorithm. The platform’s architecture, influenced by a diverse team with backgrounds spanning philosophy to finance, positions it as a robust competitor in the smart contract platform landscape.

With Tezos X upgrade, developers aim to consolidate Tezos as the premier smart contract platform, leveraging its innovative upgrades to offer users a seamless and integrated blockchain experience. This advancement not only promises scalability and efficiency but also underscores Tezos’ commitment to sustainable blockchain solutions.

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.

Canonical Rollup

Ethereum

Layer 2

Tezos

Tezos X

Author

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.
News

Tezos Blockchain Unveils Tezos X Upgrade to Promote Performance and Scalability

Key Points:

  • Tezos introduces “Tezos X,” featuring a Canonical Rollup upgrade aimed at improving performance, composability, and interoperability on its blockchain network.
  • The Tezos X upgrade, set for 2026, will consolidate transaction execution into a single rollup, similar to Ethereum’s Layer-2 scaling solutions.
  • Tezos aims to transition from a monolithic to a modular blockchain design.
Tezos developers have unveiled plans for “Tezos X,” a comprehensive series of upgrades aimed at revolutionizing the platform’s performance, composability, and interoperability.
Tezos Blockchain Unveils Tezos X Upgrade to Promote Performance and Scalability

Tezos X Upgrade for Enhanced Blockchain Performance

The Tezos X upgrade is set to introduce a groundbreaking Canonical Rollup solution designed to handle and massively scale all activities within the Tezos network.

Scheduled for launch in 2026, the upgrade marks a significant evolution from the current monolithic blockchain structure. It will implement a single Canonical Rollup for transaction execution, akin to Ethereum‘s layer-2 scaling solutions but consolidated into one network.

The roadmap outlines a meticulous two-year development plan, emphasizing the separation of transaction execution into the Canonical Rollup, while the main Tezos blockchain continues to serve as the foundational layer for consensus and settlement. The modular design enables interconnected groups of nodes to specialize in different tasks efficiently, maintaining decentralization and optimizing performance.

Tezos Sets Sights on Smart Contract Dominance with Innovative Upgrades

Tezos, founded in 2014, distinguishes itself with features such as Onchain Governance and Self-Amendment, alongside a sustainable proof-of-stake consensus algorithm. The platform’s architecture, influenced by a diverse team with backgrounds spanning philosophy to finance, positions it as a robust competitor in the smart contract platform landscape.

With Tezos X upgrade, developers aim to consolidate Tezos as the premier smart contract platform, leveraging its innovative upgrades to offer users a seamless and integrated blockchain experience. This advancement not only promises scalability and efficiency but also underscores Tezos’ commitment to sustainable blockchain solutions.

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.