Developer teams behind the Tezos blockchain unveiled"Tezos X," a set of technological upgrades they say could bring a"huge boost in performance, composability and interoperability.", setting out a development plan for the next two years, calls for splitting off transaction execution into a separate"canonical rollup" that would support"atomic transactions across smart contracts written in different programming languages.
But the project has struggled to stay in the top ranks, with a token market capitalization of $749 million, roughly the 80th biggest project based on CoinDesk data. The native XTZ token is 92% off its all-time high., a scaling technology where an optimized and dedicated second layer executes transactions, while consensus and settlement remain guaranteed" by the layer-1 blockchain, according to the post.
"In order to scale and maintain decentralization, Tezos has evolved from a monolithic to a modular design, where interconnected groups of nodes take on different roles - all the while maintaining an integrated experience for builders and users," according to the post. What's different about the Tezos plan is that the transaction execution could be handled by a single rollup rather than multiple layer-2 networks, as is the case on Ethereum.
"In theory, one rollup is all that’s needed to meet the requirements of all but the most extreme use cases," the post reads."That’s what Tezos X envisions: the creation of a single canonical rollup able to handle - and massively expand - all activity on the Tezos network."in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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