The developer teams behind the Tezos blockchain have unveiled “Tezos
Roadmap laid out a development plan for the next two years, calling for separating transaction execution into a separate “standard rollup” to support “atomic transactions on smart contracts written in different programming languages ”. The main Tezos blockchain will serve as the base layer for consensus and payments.
This article was written by developers from Nomadic Labs, TriliTech, and Functori.
Tezos, founded by husband and wife team Arthur and Kathleen Breitman, raised a record $232 million in an ICO in 2017 and was at one point considered one of the most promising smart contract blockchain projects to compete. with Ethereum.
But the project has struggled to maintain its top spot, with a token market capitalization of $776 million making it the 88th largest project. The native XTZ token is now 92% below its all-time high. grand.
According to a blog post, in 2022, developers began efforts to scale the Tezos network.
Specifically, the focus of this strategy is Smart Rollupsa scaling technology where layer 2 is optimized and dedicated to executing transactions, while consensus and settlement are still guaranteed” by the layer 1 blockchain.
Another important feature is a dedicated data availability layer on the Tezos mainnet.
The new Roadmap bears similarities to the scaling efforts Ethereum has pursued over the years, in which transaction execution is shifted to backend layer 2 networks. New “module” components have emerged to handle other functions handled by the main Ethereum chain, such as efficient storage of data streams.
“To scale and maintain decentralization, Tezos has evolved from a monolithic design to a modular design, where groups of interconnected nodes take on different roles – while maintaining an integrated experience. suitable for builders and users.
What is different about Tezos’s plan is that transaction execution can be processed by one rollup instead of multiple layer 2 networks, as is the case with Ethereum.
“In theory, a rollup is all that is needed to meet the requirements of all but the most extreme use cases. That is what Tezos
According to the plan, the standard rollup is expected to take place in 2026.
At the time of writing, XTZ is trading at $0.78, up 1.6% over the past 24 hours.
XTZ 4-hour price chart | Source: Tradingview
You can see XTZ price here.
Minh Anh
According to Coindesk
