Tezos

The development team at Tezos, a smart contract blockchain that gained fame through its record-breaking ICO in 2017, has revealed an ambitious roadmap dubbed “Tezos X.”
<a href="https://spotlight.tezos.com/tezos-x/index.html" rel="noopener noreferrer nofollow">According to the announcement</a>, this involves specific technological upgrades aimed at enhancing performance, composability, and interoperability within the Tezos ecosystem.
<h2 id="b-tezos-attempting-a-rebound-b">Tezos, Attempting a Rebound</h2>
Notably, the developers explained that Tezos X proposes a strategic overhaul over the next two years. One of the central elements of this plan involves separating transaction execution into a distinct “canonical rollup” to support several programming languages. Meanwhile, the main Tezos blockchain will continue to focus on consensus and settlement.
In 2017, a couple,<a href="https://thecoinrise.com/heres-what-tezos-ceo-believes-would-thrive-after-the-end-of-current-bear-market/" rel="noopener noreferrer nofollow"> Arthur and Kathleen Breitman founded Tezos</a> by raising an astonishing $232 million in Initial Coin Offering. Despite industry experts hailing it as a potential Ethereum competitor, Tezos encountered challenges.
The project’s native token, XTZ, has also dropped a whopping 92% off its all-time high with market capitalization hovering around $749 million, according to CoinDesk data.
<h2 id="b-the-tezos-x-roadmap-b">The Tezos X Roadmap</h2>
Interestingly, in 2022, Tezos developers began implementing Smart Rollups to meet up with scaling demands. The setup is such that a dedicated second layer handles transaction execution, while the layer-1 blockchain ensures consensus and settlement integrity.
As per the Tezos X roadmap, a dedicated data-availability layer will be integrated into the main Tezos network. This is similar to<a href="https://thecoinrise.com/ethereum-eth-bags-369m-in-q1-fees-heres-how/" rel="noopener noreferrer nofollow"> Ethereum’s efforts in scaling</a>, where auxiliary layer-2 networks manage transaction loads and specialized components handle additional functions traditionally managed by the main chain.
<h2 id="b-bridging-blockchain-networks-b">Bridging Blockchain Networks</h2>
The decision of<a href="https://thecoinrise.com/unveiling-pushd-pushd-a-game-changer-in-the-era-of-decentralised-finance-as-tezos-xtz-and-avalanche-avax-gain-momentum/" rel="noopener noreferrer nofollow"> Tezos developers to evolve towards a modular design</a> aims to maintain decentralization while enhancing scalability. However, unlike Ethereum’s multi-layer approach, Tezos X proposes a streamlined solution with a single canonical rollup expected to accommodate diverse network activities by 2026.
“This vision of Tezos X aims to consolidate transaction handling through a unified rollup, potentially meeting the needs of all but the most complex use cases,” the announcement stated.
Tech experts consider the pivotal shift by Tezos as a commitment to scalability and usability, positioning itself competitively in providing scalable cloud-like backends to different applications using blockchain technology.
&nbsp;
The post <a href="https://thecoinrise.com/tezos-developers-unveil-tezos-x-roadmap-for-blockchain-advancements/" rel="noopener noreferrer nofollow">Tezos Developers Unveil “Tezos X” Roadmap for Blockchain Advancements</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Tezos Developers Unveil “Tezos X” Roadmap for Blockchain Advancements

Table of Contents

TheCoinrise Media

Egyéb ezen a dátumon (2024. jún. 27.) megosztott cikkek

Dogwifhat Investors Join Mpeppe (MPEPE) Pre-sale As They Fall Out Of Love With WIF

Breaking: Whales Acquire Over 7,000 Bitcoin in One Day—Is a Price Surge on the Horizon?

BLAST token jumps 20% as fake airdrop scams flood X

Ripple Will Unlock 1 Billion XRP in July! The Crypto is at Risk of Collapsing!

Axelar Powers Blockchain Communication

Ripple CLO Slams SEC’s ‘Illegal Move’ Directed By Gensler After Court Loss

Join our free newsletter for daily crypto updates!