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.
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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

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