The Tezos network has upgraded itself 9 times now, showcasing in real-time that on-chain governance and Tezos’ unique value proposition continue to move the network forward. In an environment where things move fast, this type of feature is necessary to ride the ups and downs.
As we move towards a new era with
Jakarta, the focus on layer 2 and scaling remains evident.
Per Nomadic Labs
announcement last month, Tezos has a new scaling roadmap. With Tenderbake, we’ve already been introduced to fast and deterministic finality.
Jakarta
introduces several exciting new features that will take us further along the scaling roadmap.
- Transaction Optimistic Rollups (TORUs)
- Sapling
- Liquidity Baking
- Tickets Improvements
- Elimination of “Rolls”
- Bug fixes and other
The term “roll” has always been used to describe the needed stake to bake on the Tezos network. You may not have known, but following the activation of Ithaca2, the number represented in a roll (8,000 tez) was reduced to 6,000 tez. Thus, the term roll is no longer used.
In terms of scaling however, there is no doubt TORUs are the talk of the town. These will allow for the exchange of assets but will not be used in the execution of smart contracts.
Nomadic Labs
detailed some desirable properties for optimistic rollups in their blog post.
- Trust minimized: You don’t have to trust that a majority of the rollup nodes are honest to always be able to withdraw your funds from the rollup. One honest node is enough.
- Permissionless: Anyone can submit operations to a rollup since all the rollup block data is posted on the main chain.
- Capital efficient: Unlike with state channels (e.g., Lightning Network), rollup users are not required to lock up a bond upfront. Only rollup node providers are.
This year is shaping up to be a big one in terms of scaling, development, and continued adoption of the Tezos network. Make sure to get out there and vote!
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