The developer teams behind the Tezos blockchain recently introduced “Tezos X,” a comprehensive set of technological upgrades aimed at enhancing performance, composability, and interoperability within the network. The roadmap outlines a strategic development plan spanning the next two years. One of the key initiatives involves the implementation of a separate “canonical rollup” for transaction execution. This rollup is designed to facilitate atomic transactions across smart contracts developed in different programming languages. The main Tezos blockchain will continue to serve as the base layer for achieving consensus and settlement. The collaborative efforts behind this initiative involve developer teams from Nomadic Labs, TriliTech, and Functori, working together to drive innovation and advancement within the Tezos ecosystem. Tezos, founded by Arthur and Kathleen Breitman, gained significant attention in 2017 following a record-breaking initial coin offering that raised $232 million. Despite its initial promise as a potential Ethereum competitor in the smart-contract blockchain space, Tezos has faced challenges in maintaining its position among the top projects. Currently, the native XTZ token holds a market capitalization of $749 million, positioning it around the 80th rank based on CoinDesk data. The token’s value is 92% lower than its all-time high. In response to the need for scalability, developers initiated efforts to enhance the Tezos network in 2022. A pivotal aspect of this strategy involves the implementation of Smart Rollups, a scaling technology that delegates transaction execution to a dedicated second layer while ensuring consensus and settlement on the layer-1 blockchain. Furthermore, the roadmap includes the introduction of a dedicated data-availability layer on the Tezos main network, enhancing data handling and accessibility within the ecosystem. Notably, Tezos’ approach to scaling mirrors Ethereum’s efforts in recent years, where layer-2 networks have been leveraged to offload transaction processing and optimize network performance. The modular design of Tezos allows interconnected nodes to assume distinct roles while maintaining a cohesive experience for developers and users. Unlike Ethereum’s multi-layered approach, Tezos aims to streamline transaction execution by utilizing a single canonical rollup. This centralized rollup is envisioned to accommodate and significantly expand network activity, catering to a wide range of use cases effectively. The anticipated timeline for the canonical rollup’s implementation is set for 2026, marking a significant milestone in Tezos’ evolution towards a more scalable and decentralized blockchain infrastructure.
Tezos X Development Roadmap
12/07/2024
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Explore the detailed development roadmap for Tezos X, outlining the future plans and milestones for the project. Stay informed about the latest updates and progress in the Tezos ecosystem.