Tezos developers unveil ‘Tezos X’, a major upgrade for the PoS blockchain

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As a researcher with a background in blockchain technology and a personal interest in Tezos, I’m excited about the recent announcement of Tezos X, the new upgrade that represents a significant evolution of the original Tezos blockchain.

Tezos, the self-governing blockchain that utilizes proof-of-stake (PoS), announced the release of “Tezos X” today. This is a planned upgrade aimed at enhancing the platform’s functionality and practicality, in line with the project’s objectives.

Based on information from a blog article, the developers envision Tezos X as a significant advancement and upgrade to the initial Tezos blockchain. Once completed, Tezos X is anticipated to offer an all-encompassing blockchain ecosystem with enhanced capabilities for performance, adaptability, and seamless communication between different blockchains.

Tezos X vision – the evolution of Tezos

Tezos is a blockchain platform specializing in smart contracts, which held an initial coin offering (ICO) raising $232 million in 2017. Despite not reaching the anticipated heights upon launch, the project continues to see active development.

As a researcher exploring the evolution of Tezos, I propose shifting its design from a traditional monolithic blockchain architecture, in which each node replicates all data, toward a more flexible and modular system. This new approach will integrate various functionalities, aiming for an enhanced user experience.

In simpler terms, a “modularistic” ecosystem for the blockchain refers to a setup where various functionalities are broken down into separate, interchangeable modules. These modules cater to distinct user communities, maintaining a high degree of decentralization while providing an optimized and productive interaction experience.

In this scenario, Tezos X emphasizes a layout in which accounts, apps, and transaction records transfer to the “primary rollup,” allowing the main chain to exclusively manage consensus and finalization tasks.

“Releasing the use of resources in the first layer allows for improved performance, enabling everything to operate more efficiently without necessitating advanced hardware for network security in Tezos.”

Using this method not only significantly improves the on-chain performance of Tezos but also increases its ability to work seamlessly with other blockchains and complex smart contracts.

Tezos X in the works since 2022

As a crypto investor, I’ve been closely following the developments in the Tezos ecosystem since early 2022. One particularly exciting advancement is the implementation of Smart Rollups for scaling. This technology sets up an optimized and dedicated second layer specifically for executing transactions. Meanwhile, the primary layer, or L1, ensures consensus and settlement – maintaining the security and integrity of the network.

“Relieved of handling every transaction and computation, the L1 (Tezos mainnet) would noticeably speed up with reduced latency. Lightening the load further allows bakers to validate transactions using less powerful hardware, maintaining decentralization.”

In addition, the crucial Data-Access Layer plays a significant role in this endeavor. It allows the Tezos mainnet to effectively manage massive volumes of data generated by rollup users, preserving the completely decentralized nature of the system.

Using just one rollup, Tezos X can accommodate all network transactions with these characteristics.

Tezos X rollout is expected to continue through 2026.

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2024-06-27 18:29