KUALA LUMPUR, March 30 (Bernama) – Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated Mumbai, its 13th core protocol upgrade.
According to Tezos in a statement, the Mumbai upgrade introduces Smart Rollups, a new Layer 2 scaling solution built directly into the protocol, which puts Tezos at the forefront of optimistic rollup technology.
Smart Rollups enables decentralised applications (dApps) to benefit from its dedicated hardware resources in order to process a high amount of transactions, while the integrity and security is guaranteed by the Tezos main chain, or Layer 1.
Due to this approach, the Tezos ecosystem will be able to surpass the milestone of one million transactions per second in 2023 without sacrificing decentralisation.
Smart Rollups comes with state-of-the-art technical features, namely fully decentralised and open interactive fraud proofs guarantee rollup security and integrity; and, a WebAssembly (WASM) execution environment allowing flexible development and deployment of a wide range of dApps.
Also included are advanced rollup features that simplify interactions; and new data availability solutions are possible, as Smart Rollups supports custom data channels for interfacing with data providers external to the Tezos blockchain.
Beyond rollups, Mumbai also introduces improvements to Tezos’ Layer 1 whereby Block time is reduced from 30 to 15 seconds, which is made possible with so-called Pipelined validation. This change reduces network latency and provides a smoother user experience overall.
The protocol upgrade also includes updates to previously existing features, such as Tickets, which become more flexible by allowing direct transfers between users.
The activation of Mumbai marks the culmination of a months-long collaboration between developers teams and the broader Tezos community.
Experts from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda and Functori have contributed to this update, which unveils a new era of scalability and opens the door for exciting new applications to be deployed on Tezos blockchain.
-- BERNAMA
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