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Tezos Deploys Major ‘Tenderbake’ Upgrade
The proof-of-stake blockchain has changed its consensus algorithm in order to lower block times and improve performance.
Proof-of-stake blockchain Tezos has activated a major upgrade, changing its consensus algorithm in the protocol’s ninth upgrade.
- According to a press release, the upgrade is code-named Ithaca 2 and replaces the current consensus algorithm, known as Emmy, with Tenderbake, which enables lower block times, producing faster transactions and smoother-running applications.
- In addition to Tenderbake, Ithaca 2 prepares the Tezos blockchain for scalability efforts, such as rollups for WebAssembly and Ethereum Virtual Machine (EVM) compatibility, with pre-checking, a validation scheme that increases throughput.
- The Ithaca 2 upgrade will also reduce the requirement to become a network validator by 25% from 8,000 tez (the Tezos digital token) to 6,000 tez, adding to the network’s decentralization, according to the press release.
- Smart contract calls on Tezos have increased significantly from 100,000 per month in January 2021 to over 6.2 million in January 2022.
- The price of Tezos's XTZ currency has risen 4.6% to $3.92 over the last 24 hours, according to CoinDesk data, with other cryptocurrencies gaining modestly over the same time period.
Read more: Fashion Giant Gap Launches Gamified NFTs on Tezos
STORY CONTINUES BELOW
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
