The sixteenth upgrade to the Tezos protocol, Paris, went live on Mainnet on June 4th, 2024. Known for its self-amending capabilities and community-driven on-chain governance system, Tezos is a cutting-edge blockchain. The upgrade maintains the Tezos blockchain’s heritage of community-driven innovation and development while also making it faster, more scalable, and more reliable.
The Data-Availability Layer (DAL), 10-second block time, Adaptive Issuance, Staking, and Adaptive Slashing are some of the upgrade’s primary features.
Boosting throughput on Layer 2 with the Data Availability Layer
This upgrade introduces a substantial feature called the Data Availability Layer (DAL). Better participation is made possible with even more economical hardware and bandwidth requirements thanks to the DAL’s promotion of a decentralized, open, and dependable data distribution network. Tezos greatly increases the throughput for Smart Rollups by enabling the DAL, which will eventually let it to process millions of transactions per second. This is especially helpful for high-demand applications like gaming, ticketing, and other services that need a higher throughput of data.
Decentralized apps (dApps) of all kinds can be supported by the rollup data, which is still verifiable and accessible. Because of the DAL’s implementation, Tezos is now one of the most scalable blockchains available without sacrificing security, which gives a solid option for companies and developers wishing to use blockchain technology for complex, data-intensive applications.
Better Performance on Layer 1 – Maintaining Affordability and Decentralization
For reduced latency and quicker finality, the new upgrade reduces the time it takes to add new blocks from 15 seconds to just 10 seconds. As a result, transactions will be handled and verified faster, improving user experience without jeopardizing the network’s security and dependability and making it more dependable for important transactions.
Because it directly affects how users interact with the Tezos blockchain, this breakthrough is important. A more responsive network and reduced waiting times are the results of faster transaction processing. Furthermore, Tezos is a more alluring platform for a range of practical applications due to its enhanced speed and dependability. speedier confirmation times, for example, can facilitate speedier trades and settlements in the financial domain. Tezos is now more efficient and user-friendly overall, which makes it an appealing option for both developers and users in the blockchain ecosystem.
Adaptive issuance and stronger foundations for Proof-of-Stake
The economics of Tezos’ native currency, tez, is more in line with practical use thanks to adaptive issuance. It improves Tez’s suitability for rollups, DeFi, and lending markets. This procedure lessens the requirement for custodians—like exchanges—to engage in baking. Administrative difficulties and any regulatory effects are reduced by this reduction. Furthermore, reduced reward rates may lessen tax obligations. The network is more secure thanks to the new staking mechanism, which raises the amount of funds locked in Tezos’ Proof-of-Stake. With Tezos’ new staker role, users can make contributions to a baker’s security deposit without giving up control over their funds, reaping rewards without taking on the hazards of centralized staking options.