The development team at Tezos, a smart contract blockchain that gained fame through its record-breaking ICO in 2017, has revealed an ambitious roadmap dubbed “Tezos X.”
According to the announcement, this involves specific technological upgrades aimed at enhancing performance, composability, and interoperability within the Tezos ecosystem.
Tezos, Attempting a Rebound
Notably, the developers explained that Tezos X proposes a strategic overhaul over the next two years. One of the central elements of this plan involves separating transaction execution into a distinct “canonical rollup” to support several programming languages. Meanwhile, the main Tezos blockchain will continue to focus on consensus and settlement.
In 2017, a couple, Arthur and Kathleen Breitman founded Tezos by raising an astonishing $232 million in Initial Coin Offering. Despite industry experts hailing it as a potential Ethereum competitor, Tezos encountered challenges.
The project’s native token, XTZ, has also dropped a whopping 92% off its all-time high with market capitalization hovering around $749 million, according to CoinDesk data.
The Tezos X Roadmap
Interestingly, in 2022, Tezos developers began implementing Smart Rollups to meet up with scaling demands. The setup is such that a dedicated second layer handles transaction execution, while the layer-1 blockchain ensures consensus and settlement integrity.
As per the Tezos X roadmap, a dedicated data-availability layer will be integrated into the main Tezos network. This is similar to Ethereum’s efforts in scaling, where auxiliary layer-2 networks manage transaction loads and specialized components handle additional functions traditionally managed by the main chain.
Bridging Blockchain Networks
The decision of Tezos developers to evolve towards a modular design aims to maintain decentralization while enhancing scalability. However, unlike Ethereum’s multi-layer approach, Tezos X proposes a streamlined solution with a single canonical rollup expected to accommodate diverse network activities by 2026.
“This vision of Tezos X aims to consolidate transaction handling through a unified rollup, potentially meeting the needs of all but the most complex use cases,” the announcement stated.
Tech experts consider the pivotal shift by Tezos as a commitment to scalability and usability, positioning itself competitively in providing scalable cloud-like backends to different applications using blockchain technology.
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