It was a blast Lima, see you in Mumbai!
Welcome to this week's issue of The Baking Sheet! Quite simply, Tezos never stops evolving and a huge thanks to the Baking community to push the next Tezos protocol upgrade through. Moreover, the development teams in the Tezos ecosystem have collaborated and are already working on the 13th Tezos protocol upgrade -- let's dive in.
Enter Lima -- Why it's Important
With the recent introduction of Protocol Lima, we’ve been met with another wide array of new and exciting features for the Tezos network.
Continuing ongoing developments for privacy and scaling applications such as Zero Knowledge Rollups and SCORUs, Lima introduces the following features:
- Consensus keys
- Improvements to Tickets
- Ghostnet fixes
- Liquidity Baking sunset removed
- Temporary Time-lock deprecation
Let’s quickly go over some highlights of these features. We’ll describe pipelining a bit more in depth later on in this article, so let’s start with consensus keys. Consensus keys is an interesting development. It has been requested for quite some time now by the baking community. This feature will enable bakers to change their key used for signing blocks and consensus operations without having to change their public address.
Tickets are also are getting some improvements. For those not aware of what tickets are, they are fungible tokens that are created on-chain and cannot be duplicated. Protocol Lima will deprecate the creation, storage and transfer of zero amount tickets. Additionally, support is being added to trace ownership to transaction receipts.
For Ghostnet fixes, a few problems arose in the migration of Jakarta to Kathmandu on Ghostnet. Nomadic Labs describes these and how Lima fixes them here.
As for the other changes, the liquidity baking sunset will be removed along with the introduction of a safer timelock mechanism. A vulnerability was found and announced relating to the the timelock feature and Lima will disable the timelock feature for the time being while a safer mechanism is currently being developed.
It’s important to note that of these proposed changes, there are still efforts being made to further development of SCORUs and Zero Knowledge Rollups.
With Jakarta, we were introduced to Transaction Optimistic Rollups (TORUs). Likewise, Kathmandu brought us SCORUs which have gone live on testnet following Kathmandu’s activation.
More testing needs to happen before SCORUs and other next generation rollups can be activated to Tezos mainnet, so if helping on that front is of interest to you please reach out to [email protected].
Moving forward: Mumbai
Now that Lima is en route to being implemented, Tezos continues to evolve with the next proposal already in process named, 'Mumbai.'
Nomadic Labs, Marigold, Trilitech, Oxhead Alpha, Tarides, Dailambda, and Functori have collaborated for the 13th Tezos protocol upgrade proposal.
There are 3 major innovations coming in the Mumbai upgrade proposal, in addition to other improvements. We recently wrote about how smart rollups are coming to Tezos, and with Mumbai they officially arrive. With the capabilities that Smart Rollups provide, the rails to reach 1 million TPS are in place. In addition, we are introducing Epoxy—our validity rollup (aka ZK-rollup) solution — on testnets. And lastly, Tezos is getting faster: we are reducing the block time to 15 seconds!
Learn more in-depth of each key feature in Nomadic Labs article and why Tezos continues to be on the cutting edge of blockchain technology.
Homebase Lite, a lighter version of the Homebase DAO platform on Tezos (similar to Snapshot on Ethereum) which makes it simple to gauge community input from proven token holders, is now live
Who will make the first community on mainnet?
Learn more on the powerful features
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🔊 Pleased to announce that the #beta version of #Ligo registry is now LIVE 🎉
Find Featured Packages curated by developers 👉
As it is a #beta version, we would highly appreciate your feedback: reach out in comments or on other #Ligo channels 🤙🙂
— LigoLANG (@LigoLang)
Dec 8, 2022
read the full changelog for new features
3Route automatically identifies the best trading routes across multiple Tezos-supported DEXs to deliver the best exchange rates, all in one swap.
Join us for our next TezTalks LIVE featuring SVP of Block Born, Will Pazos
'Born' out of Misfits Gaming Group, Block Born is a web3 launchpad dedicated to supporting and growing the Tezos gaming space
Tune in to learn more about this exciting platform, viewers will have a chance to win Block Born merch and NFTs!
🎬 Stream: YouTube