Deep tide TechFlow news, according to coindesk reports, the proof-of-stake blockchain Tezos development team announced a series of technology upgrade plans called "Tezos X", aiming to significantly improve performance, composability and interoperability. According to the roadmap, within the next two years, Tezos will separate transaction execution into a separate "canonical rollup" that will support atomic transactions for smart contracts in multiple programming languages. The main chain will serve as the basic layer for consensus and settlement.
Tezos was founded by Arthur and Kathleen Breitman and raised a record $232 million through an initial coin offering (ICO) in 2017. However, despite being seen as one of the smart contract blockchain projects that could challenge Ethereum, Tezos' performance in the market has declined in recent years, with a current market value of about $749 million, ranking around 80th. Its native token XTZ has fallen 92% from its historical high.
