Tezos is Set to Roll Out the Tenth Upgrade to Bolster Scalability

The Tezos blockchain will implement a strategic upgrade that could provide major benefits. Nomadic Labs, the developer for the Tezos blockchain, has released a proposal for the tenth upgrade of the network.

Tezos releases Jakarta upgrade

The Tezos blockchain will release its tenth upgrade. Tezos rolled out the Ithaca 2 upgrade on April 1. Ithaca 2 was the ninth upgrade, and now less than one month later, the tenth upgrade, Jakarta, is being voted upon.

Users will test the latest upgrades on the Tezos blockchain through Jakartanet. The latter is a testnet of Jakarta. The upgrade will offer the first scaling solutions for the Tezos blockchain during the initial stages. The network’s scalability would be done to boost transaction speeds and finality.

The Transaction Optimistic Rollups (TORUs) have been proposed to be rolled out with the Jakarta upgrade. TORUs will be an experimental adoption of optimistic rollups on the Tezos blockchain. TORUs will be similar to Ethereum rollups because they will allow asset exchange but will not permit the execution of smart contracts.

The launch of TORUs will support the Tezos blockchain in its long-term growth and provide a high transaction throughput. Unlike optimistic rollups on the Ethereum blockchain, TORUs will not be adopted as smart contracts, but they will be native to the economic protocol of the network. This will provide notable benefits to Tezos users, including efficiency and scalability.

The Jakarta upgrade will also feature the Liquidity Baking Toggle Vote. This one will replace the Liquidity Baking Escape Hatch. The toggle vote mechanism will allow bakers to pass or disapprove of the Liquidity Baking subsidy.

The other main feature of this upgrade is that it will have a threshold for when the subsidy can be deactivated. Once the threshold is met, it will ensure that the deactivation of the subsidy becomes temporary. If the number of bakers voting “On” increases later, it can result in a restart of the subsidy.

Jakarta is also planning the introduction of ticket hardening. Tickets on the Tezos blockchain will allow smart contracts to verify data related to a Tezos address. The tickets will give users a first-class perspective of owning the Tezos address. With this upgrade, it will be possible for users to track the ownership of the tickets, giving an extra layer of protection against forgery. It will also enable the rollups that adopt tickets to represent the assets on the main network.

The other notable upgrades on the Tezos blockchain include having a solution for the design flaw in integrating Sapling transactions into Michelson smart contracts. The upgrade will offer a layer of protection from any possible manipulation. Lastly, the Jakarta upgrade will come with several improvements and the performance of the Michelson interpreter, which will hold notable benefits for users.

Growth of the Tezos blockchain

The Tezos blockchain has witnessed remarkable growth over the past year following strategic upgrades of the network. Recently, the network launched the new Tenderbake consensus mechanism as part of the Ithaca 2 upgrade. The consensus reduces block times and increases latency and transaction finality.

Upgrades are popular among decentralized networks, and Tezos has rolled out several upgrades recently. Some networks take a long time to pass upgrades due to community conflicts or inefficiency in the development process.

The Tezos blockchain has a self-amending protocol that allows upgrades to be done after community voting. The on-chain governance of this network facilitates the easy implementation of upgrades on the network through popular voting, the adoption of new updates and compensation for the developers who propose the upgrades. This could be behind the popular growth of the network.

To learn more visit our Investing in Tezos guide.