Three certainties in life: Death, Taxes, and Tezos upgrades.
Bonjour Paris! Tezos Paris B Upgrade Successfully Implemented
Welcome to this week’s edition of the Baking Sheet, Tezos community! After some extensive traveling from Austin, Texas to Seattle, Washington covering Tezos’ presence at these events. We are excited to bring you some magnifique news. The Paris B upgrade has been successfully implemented on Tezos at block
#5,726,209, bringing the elegance and efficiency of Paris to our blockchain. Just like the Eiffel Tower stands as a symbol of architectural brilliance, this upgrade marks a significant milestone for the Tezos ecosystem, introducing a range of new features and improvements that enhance the network's performance and capabilities.
Key Features of the Paris B Upgrade
10 Second Block Time: The block time has been reduced to 10 seconds, ensuring faster transactions and improved network efficiency.
Data-Availability Layer: This new layer significantly boosts throughput and data bandwidth for Tezos Smart Rollups, particularly benefiting projects like Etherlink.
Adaptive Issuance: An innovative mechanism that adjusts the issuance rate of Tezos tokens based on network conditions, ensuring long-term sustainability.
New Staking Mechanism: Enhancements to the staking process provide more flexibility and opportunities for bakers and delegators.
Adaptive Slashing: A refined approach to penalizing misbehaving nodes, which helps maintain network security and integrity.
Tezos bakers are encouraged to join the Data-Availability Layer network to support these new features. For recommended hardware and bandwidth specifications, check out the recent post here.
The development of the Paris B upgrade has been a collaborative effort involving Nomadic Labs, Trilitech, Functori, and Marigold. For more detailed information on the Paris B upgrade, read the full announcement from Nomadic Labs here.
World of Women (WoW) Joins the Tezos Ecosystem
Just as Paris B breathes new life into the Tezos blockchain, the iconic World of Women (WoW) is adding new colors to our blossoming ecosystem. This partnership brings a fresh chapter in amplifying the impact of women in the blockchain space, a field historically dominated by men.
Key Details
Empowering Women: Women will be able to receive resources for their visions, peer support, and access to opportunities and experiences made possible by WoW and its partners.
Strategic Development: WoW’s move to Tezos aligns with a shared vision of accelerating gender parity across web3 and creating opportunities for women in the next era of the web.
Historical Milestones: WoW has consistently pushed for an inclusive future since its inception, achieving historic milestones in digital art and NFTs.
Addressing Disparities: The partnership aims to bridge the participation and funding gaps that women face in web3, providing a platform for women to thrive in the digital landscape.
Innovative Technology: WoW will build on Etherlink, an EVM-compatible, non-custodial Layer 2 blockchain powered by Tezos Smart Rollups technology, offering low-cost, reliable, and fast transactions.
Kathleen Breitman, Tezos co-founder, emphasized the importance of addressing funding disparities to create an inclusive ecosystem that empowers women. "Tezos, with its transparent and decentralized nature, brings fair access to resources and opportunities to WoW’s network of women in the digital ecosystem," she said.
Shannon Snow, COO of WoW, highlighted the underrepresentation of women in web3 and the immense potential their contributions hold. "WoW aims to unite the collective power of women across web3 and beyond and provide opportunities to further their impact at the forefront of art, tech, and culture," she stated.
Powered by Tezos, WoW is set to expand its reach and empower more women in the next era of the web by connecting and supporting women leaders, builders, and champions of the mission. This partnership promises to raise the bar on what’s possible for women in the digital age, offering a place for women to secure funding, support among peers, and access to unique opportunities.
Learn more about this partnership and its potential impact here.
Building an inclusive and open environment is crucial for the growth and sustainability of the Tezos ecosystem. By empowering diverse voices and fostering equal opportunities, we create a stronger, more innovative community that can drive meaningful change in the blockchain space. Let's continue to work together to build a future where everyone has the chance to succeed.
Messari Report Highlights Tezos Growth in Q1 2024
After celebrating the addition of World of Women to the Tezos ecosystem, let’s dive into the recently published Messari Report, which provides a comprehensive overview of Tezos' performance and progress in Q1 2024.
Key Highlights from the Messari Report
Transaction Growth: Daily transactions more than doubled to 95k, with 142k new accounts funded in Q1.
Gaming Explosion: Gaming on Tezos grew by over 500% quarter-over-quarter, reaching nearly 100k active gaming addresses.
Etherlink Development: Significant groundwork was laid for Etherlink, an EVM-compatible layer on Tezos, including sub-second configuration times, developer-friendly infrastructure, and integrations from LayerZero, Layer3, and The Graph.
Exciting Partnerships and Projects: Several new projects chose to build on Tezos, including Magic Labs, 0xZeeve, Universal Health Token, and UABA Africa.
Protocol Upgrades: Activation of Oxford2 and the release of Paris proposals, introducing 10-second block times, adaptive issuance, and the Data Availability Layer (DAL).
Gaming Sector Performance
The report highlighted the impressive performance of the gaming sector on Tezos, with active gaming addresses increasing by over 500% quarter-over-quarter. This growth is attributed to popular games like Coin Blast and Cricket Stars. Upcoming games such as MetaPals, Star Symphony, BattleTabs, Real Sugarverse, and BattleRise are set to launch tokens on platforms like OpenPad and GameFi, as well as the BitMart exchange.
NFT Development
The NFT ecosystem on Tezos remained strong, with partnerships involving Manchester United, fx(hash), Musée d'Orsay, We Are Museums, and objkt.com. These collaborations included gallery features and activations by artists like FakeWhale. Tezos also had a notable presence at global events such as NFTNYC and NFTParis.
For a detailed look at all the developments and achievements, read the full Messari Report here.
The impressive growth and strategic advancements highlighted in the report underscore the dynamic and resilient nature of the Tezos ecosystem. From the surge in daily transactions and new accounts to the explosion of gaming and NFT developments, these milestones not only reflect the growing adoption of Tezos but also its potential to lead in various sectors of the blockchain space. As we continue to build and innovate, the strength and versatility of Tezos set the stage for even greater achievements.
Don't Forget to Participate in the Tezos Community Monthly Survey
Wrapping up this week's headlines, we remind you to participate in the Tezos Community monthly survey. Your feedback is invaluable in shaping the future of our ecosystem.
Fill out the survey here.
This Week in the Tezos Ecosystem
Recap of Tezos Town Hall
#1Next up, let’s dive into the recap of the first Tezos Town Hall, which took place on June 4th.
Arthur Breitman, Co-founder of Tezos
Discussed the Paris activation, a major upgrade significantly altering the proof-of-stake system.
Highlighted the beta launch of Etherlink, an EVM-compatible rollup gaining traction with builders and partners.
Explained how rollups in Paris will provide more throughput using the Data Availability Layer (DAL).
Announced the Test Day conference in Brussels on July 11th.
Shared metrics showing increases in monthly active addresses, new addresses, smart contract calls, and network activity, largely driven by gaming.
Introduced the Universal Health Token (UHD) project in India and a new test-compatible debit card in partnership with banks.
Mentioned Tezos-supported art initiatives, including fx(hash) Spellbound and the Musée d'Orsay exhibition.
Yann Régis-Gianas, Software Engineer at Nomadic Labs
Nomadic Labs is a core engineering R&D center based in Paris with around 40 engineers.
Focused on protocol development and supporting business and public organization adoption in France, Benelux, and Germany.
Discussed the activation of SmartRollups and the DAL for enhanced scalability and predictability.
Addressed changes in the crypto economy with new token issuance methods and usability improvements.
Highlighted business development efforts, including showcasing tech to businesses and new projects like LaPoste’s minted stamp and the fantasy game PlayStables.
Encouraged bakers to support the DAL network and announced a new office in Germany and upcoming hackathons.
David Tng, Managing Director at TZ APAC
Focused on art activations and institutional collaborations in Asia.
Shared past projects like Art Puzzle Hong Kong and Singapore Art Week.
Highlighted achievements in 2023, including collaborations with UltraMilk and AI generative tools at the ArtScience Museum in Singapore.
Introduced Fortify Labs, a startup studio program supporting seven startups with go-to-market strategies and pitching to VCs.
Launched the TZ APAC community rewards program and the Trailblazers initiative to promote Fortify Labs projects.
Key projects include Akasot's Aka Games and Quest Blow's text-to-workflow tool.
Robin Maxe, COO of Trilitech
Provided an overview of Trilitech, focusing on core engineering, DevEx, UX, in-house DApp development, marketing, and adoption efforts.
Discussed the DeFi Catalyst Accelerator (DCA) and key projects like Plend Finance, Rivo, and Hanji Protocol.
Highlighted infrastructure partnerships with LayerZero, Blockscout, and Kaiko.
Shared gaming projects like Cricket Star Manager and the development of the Tezos Unity SDK.
Mentioned art collaborations and community events, including the Stellar event in New York.
Introduced products like Kanvas and Umami Wallet, and the Justice project for DevEx.
Promoted Tezos Tuesdays and upcoming projects like Etherlink, gaming initiatives, a Manchester United collaboration, and TezDev in Paris.
Johann Tanzer, Director of Engineering at Tezos Commons
Introduced Tezos Commons, known for social activities, publishing articles, and a community rewards program.
Organized meetups and focused on promoting Tezos and building its community.
Handled development infrastructure, running RPC nodes, IPFS nodes, and developing parts of Kukai.
Discussed dynamic metadata for NFTs, allowing real-time updates to NFT attributes.
Highlighted integration of dynamic metadata into the Kukai wallet and encouraged engagement with the Community Rewards program.
For a detailed listen, you can catch the entire Tezos Town Hall
#1 here.
Reflecting on the first Tezos Town Hall, it's truly inspiring to witness the collaborative efforts and shared vision driving our community forward. From Arthur Breitman’s insights on the Paris activation and gaming growth to the innovative projects and initiatives presented by leaders across Nomadic Labs, TZ APAC, Trilitech, and Tezos Commons, it's clear that we're building something remarkable together. This town hall underscored the strength of our ecosystem, fueled by the passion and dedication of each member. As we continue to push the boundaries of what's possible, let's carry this momentum forward, embracing every opportunity to grow, innovate, and support one another
Ecosystem DAO 2.0: Empowering the Tezos Community with Tez-Based Voting
Continuing our journey through the Tezos ecosystem, let's talk about the latest update for HomeBase, which brings significant improvements to the Tezos Ecosystem DAO. Community member Cryptonio.tez has provided an in-depth article on this topic. Here's a summary:
The Tezos Ecosystem DAO has undergone a significant upgrade with the introduction of a new tez-based voting system, enhancing efficiency, transparency, and community involvement in funding decisions.
Key Improvements:
Tezos Ecosystem DAO 1.0:
The initial version was a proof of concept, governed by key holders including Tezos Commons, Trilitech, Tezos Domains Foundation, Tezos Foundation, and Tezos India Foundation.
It funded four projects out of more than fifteen proposals, distributing 14,750 tez, with another 5,000 pending deliverables.
New Tez-Based Voting System:
Community members can now vote on project proposals using their tez.
Voting weight is proportional to the amount of tez held by the voter.
Proposals achieving a supermajority will be executed by key holders.
This system empowers the community and encourages broader participation in governance.
This update ensures that funding decisions are made by those with a vested interest in the Tezos ecosystem's success. It represents a step towards a more inclusive and transparent funding process, where community members have a direct influence over which projects receive support.
For a detailed look at this update, check out the full article by Cryptonio.tez here.
Personally, I think this new voting system is a fantastic way to involve the community more directly in the decision-making process. It not only makes the process more transparent but also ensures that those who are invested in Tezos have a say in its future. Community participation has always been one of the pillars of the Tezos ecosystem, starting from the protocol governance. Be sure to cast your votes and help shape the future of Tezos!
BitMart’s integration with Tezos
Continuing with the updates, let's discuss the integration between BitMart Exchange and Tezos. This strategic collaboration marks a significant milestone for both platforms, promising to enhance their offerings and expand their reach within the blockchain industry.
BitMart Exchange, known for its extensive range of token listings and substantial trading volume, has entered into a strategic partnership with Tezos, a prominent Proof of Stake (PoS) blockchain recognized for its self-upgradable and energy-efficient characteristics. This collaboration is poised to drive significant growth and development for both entities.
Key Details:
Strategic Partnership:
BitMart Exchange facilitates over $1 billion in cryptocurrency spot transaction volume daily and ranks as the 29th largest exchange for spot trading on CoinMarketCap.
The integration aims to leverage the unique capabilities of the Tezos blockchain to enhance BitMart’s offerings and explore potential future collaborations.
New token listings on the Tezos blockchain will be introduced, further expanding BitMart's portfolio.
Tezos Integration:
Tezos is celebrated for its innovative approach to blockchain technology, focusing on sustainability and self-governance.
Its self-upgradable nature allows for continuous improvements without the need for hard forks, making it a preferred choice for various blockchain applications.
Mutual Benefits:
For BitMart, the partnership means expanding its range of supported tokens, potentially attracting more users interested in Tezos’s distinctive features.
For Tezos, this collaboration provides increased exposure and integration within the cryptocurrency exchange ecosystem, driving more adoption and use of its blockchain technology.
The partnership also hints at potential support for new tokens within the Tezos layer 2 ecosystem provided by Etherlink.
Watch Tezos Gaming Monthly on YouTube
In another exciting development this week, Zeeve has announced the expansion of its Rollup-as-a-Service (RaaS) capabilities to include support for Tezos Smart Rollups. This enhancement aims to streamline the process for businesses adopting and managing Layer 2 solutions, thus enhancing scalability and efficiency.
Key Highlights:
Tezos Smart Rollups:
Designed to provide decentralized applications (dApps) with scalability, security, and adaptability while maintaining decentralization.
Zeeve’s RaaS platform offers a low-code approach to deploying these rollups, allowing businesses to customize and optimize blockchain applications with minimal technical overhead.
Partnership with Zeeve:
Siddharth Singhal, Head of Business Development at Trilitech, highlights that this partnership elevates Tezos’s Smart Rollup infrastructure, driving innovation and growth in the web3 space.
Dr. Ravi Chamria, Co-founder and CEO at Zeeve, emphasizes that Zeeve’s RaaS infrastructure now handles critical infrastructure tasks through low-code deployment tools, rigorous monitoring, and enterprise SLAs.
Management and Compliance:
The platform offers a comprehensive toolkit for managing rollups, including a deployment platform, a management dashboard, and 24/7 monitoring.
Adheres to compliance standards such as ISO 27001, SOC 2 Type 2, and GDPR, ensuring top-tier performance and security.
Collaboration with Etherlink:
Zeeve has partnered with Etherlink, a non-custodial Layer 2 blockchain integrating Tezos Smart Rollups technology.
Zeeve will provide node-as-a-service capabilities to enhance Etherlink’s deployment, management, and scalability solutions.
The expansion of Zeeve’s RaaS to support Tezos Smart Rollups is a strategic move that addresses the growing demand for Layer 2 solutions. It simplifies the process for businesses to leverage blockchain technology without compromising performance and complexity. This partnership fosters greater collaboration within the Tezos ecosystem, driving forward our collective goal of a more decentralized and efficient blockchain infrastructure.
This Week in Tezos Development
Pyrometer 0.10.0 Released with Paris Protocol Support
We're excited to bring you the latest updates in Tezos development. This week, we have some important news for all the Tezos bakers out there. Pyrometer 0.10.0, now with support for the Paris protocol, has been released. Here’s what you need to know:
Key Details:
Pyrometer 0.10.0 Release:
The latest version of Pyrometer includes full support for the Paris protocol.
Download it from GitLab here.
Introducing Tandoor:
Tandoor is a virtual appliance designed for baking on Tezos.
It can be run on any platform that supports virtualization.
Tandoor combines binaries and services from tezos-packaging with Pyrometer's monitoring capabilities.
Download Tandoor from GitLab here.
For those using Windows, an article on baking with Tandoor on a Windows PC is available here.
Personal Commentary: Personally, I find the integration of Pyrometer's advanced monitoring with Tandoor's virtual baking environment a compelling enhancement for our community. These tools not only streamline the baking process but also enhance the overall efficiency and security of our network. I encourage all bakers to explore these new releases and take advantage of the improved capabilities they offer. Let's continue to innovate and strengthen the Tezos ecosystem together!
TezBake (BakeBuddy) Update: Octez 20.0 Support Released
In preparation for the Paris protocol activation on June 4th, TezBake (also known as BakeBuddy) has released an important update with Octez 20.0 support. This update is mandatory for all bakers to ensure compatibility with the upcoming protocol changes.
Key Details
Mandatory Update: Octez 20.0 is required to support the Paris protocol, activating on June 4th.
Upgrade Command:
To update your baker using TezBake, run:
tezbake upgrade -a
To verify the version after the upgrade, run:
tezbake version --all
Upgrade Methods:
If you don't have the latest TezBake (v0.15.1-beta) or are still using bb-cli, it's highly recommended to use the "C" upgrade method.
Otherwise, use the "A" method as shown above.
Full Update Instructions: For comprehensive instructions, refer to the TezBake update guide.
Post-Update Check:
Always check your node's operation using TezBake and TzKT's schedule view. How to Monitor
Monitor the real-time performance of your baker using TezWatch on Discord.
Re-Run Update Command: If you've updated your TezBake node in the last 24 hours, please run the update command again to ensure your xtz.node version is 0.28.3.
Keeping your baking setup up-to-date is crucial for the smooth operation of the Tezos network, especially with the Paris protocol activation just around the corner. The TezBake update ensures that all bakers are ready for these changes, maintaining the network’s reliability and security. It’s great to see such proactive measures being taken to support the community. Make sure to follow the update instructions closely and verify your node's performance to stay ahead.
Tez Capital: TezPay Paris & Adaptive Issuance Announcements
In this week's development update, we have important information for TezPay users regarding the Paris protocol activation and upcoming Adaptive Issuance. Here’s what you need to know to ensure smooth operations and accurate payments.
Key Details:
Paris Protocol Activation:
If you are running TezPay in continual mode, the activation of the Paris protocol stopped your payments.
You'll need to update and relaunch TezPay in continual mode. Note that payments will be stopped again as a safety feature when Adaptive Issuance activates around June 19th.
TezPay Updates for Adaptive Issuance:
All TezPay users must update to at least version 0.14.1-beta by June 21st to support delegation payments with Adaptive Issuance activated.
Failure to update could result in delegators who are also stakers being paid more than they should.
Detailed instructions on how to update TezPay can be found here.
It's essential for all TezPay users to stay current with these updates to ensure accurate and fair payment distributions within the network. The activation of the Paris protocol and upcoming Adaptive Issuance are significant milestones for Tezos, and keeping our tools updated is crucial for maintaining the integrity and efficiency for operations.
🔴 Now Streaming: Building on Tezos | Magic
In this week's episode we feature Magic, the leading wallet-as-a-service platform used by 170K developers.
Dylan, the CEO of Magic, discusses the expansion of Magic’s Tezos integration, smoothing out the speed bumps in the blockchain user verification/onboarding process, and how this is making life easier for Tezos ecosystem developers and the brands working with them.
🖥 Stream: YouTube | X
Upcoming Tezos Events
🚀 Tickets are now available! Secure your spot at Tezos' annual conference, TezDev, the premier gathering for builders, partners, and enthusiasts in the Web3 space. This year, we're excited to host the event in Brussels, a hub for technology and innovation, and just a short distance from EthCC.
Why attend Tez/Dev?
Connect and Network: Meet and engage with the global Tezos community
Learn from the Experts: Gain insights from leading voices in the industry through talks, workshops, and panel discussions.
Explore New Developments: Discover the latest innovations and projects happening on Tezos.
Event Highlights:
Location: Brussels, Belgium – the heart of Europe and a beacon for tech innovators.
Date: Happening on July 11th — The full agenda will be provided soon. Stay tuned!
🎟️ Grab your ticket today to ensure you don't miss out: Grab a ticket here!
Join us at Tez/Dev 2024, where the future of Tezos unfolds. We look forward to welcoming you to Brussels and sharing an unforgettable experience. Join us at Tez/Dev 2024 in Brussels!
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