Well, hold onto your hats, folks! Etherlink has just rolled out its third protocol upgrade, Calypso, on the mainnet. And let me tell you, this isn’t just any upgrade; it’s like giving a caffeinated squirrel a jetpack! 🚀
So, what’s the scoop? This Ethereum Virtual Machine-compatible layer 2 solution, built on the ever-so-charming Tezos (XTZ), announced that Calypso went live on March 12. This came just a few weeks after it decided to play around on the testnet. Because, you know, who doesn’t love a good dress rehearsal?
Now, before we could pop the champagne, there was a governance vote by the Tezos bakers. Yes, bakers! Not the kind that whip up pastries, but the ones who keep the Tezos ecosystem running smoothly alongside the nodes. Talk about a recipe for success! 🍰
With the green light for the mainnet launch, Calypso has successfully deployed, bringing along a delightful array of improvements. We’re talking enhanced network speed, resilience, and efficiency for developers of decentralized applications. And let’s not forget, faster XTZ withdrawals from Etherlink to Tezos. Because who doesn’t want their money faster than a cat on a hot tin roof? 🐱👤
Etherlink’s non-custodial platform, powered by the Tezos smart rollup technology, is like the Swiss Army knife of dApps. It allows for seamless integration and supports Ethereum ecosystem tools like wallets and indexers. With this latest upgrade, we could see performance boosts of up to 30x! That’s a number that would make even the most stoic accountant raise an eyebrow. 📈
But wait, there’s more! Calypso also means improved smart contract storage and some snazzy governance updates. It’s laying the groundwork for non-custodial and trustless token bridging. Because who doesn’t want to bridge tokens without the hassle of a middleman? 🙌
As it stands, users can bridge the native Tezos token, tez, from the layer 1 chain to Etherlink and back. Bridging XTZ from Etherlink to Tezos L1 is called withdrawing, while the reverse is known as depositing. In both cases, XTZ is the star of the show on both chains. 🎭
“Moving tez from Etherlink to Tezos L1 currently can feel like waiting in traffic. Calypso introduces a new precompiled contract entrypoint, which lays the groundwork for much faster withdrawals,” Tezos said in February ahead of this mainnet rollout. And honestly, who hasn’t felt that pain? 🚦
Etherlink kicked off its alpha testnet in 2023 and beta in early 2024, with a roadmap that includes the integration of oracle price feeds, the LayerZero bridge, and a decentralized sequencer. It’s like a tech buffet, and I’m here for it! 🍽️
Meanwhile, Tezos has been busy too, recently deploying its 17th upgrade with the activation of Quebec. This upgrade introduced faster transactions, improved staking mechanics, and bolstered token issuance. Because if you’re not upgrading, are you even trying? 🤷♂️
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2025-03-12 21:43