The open source platform Tezos has just announced Edo, the fifth and most ambitious upgrade to its blockchain. This upgrade adds the Sapling protocol, tickets, and a new adoption period to support future upgrades that improve network functionality.
Saplings, tickets, and a new adoption period will support future upgrades
Tezos has stepped up its development activities following the growing hype surrounding its native token XTZ, which has increased by almost 120% since the beginning of the year. The last update, Delphi, was released three months ago and cut gas costs by 75%.
According to Tezos, the new Sapling protocol will enable developers to run “new types of applications” by integrating “voting or support for asset transactions with selective indications”. According to Tezos, one-use tickets will act as a “practical mechanism” for activating contractual functions. Tickets not only improve developer efficiency, they also promote more secure and composable contracts and issue tokens.
New adoption period to facilitate transition to new protocols
The new adoption period is designed to address the general challenges that users on the Tezos network face during the transition period of new protocols. Users can now expect five cycles between approval of upgrades and the implementation process (approximately two weeks). This signals a move away from Tezos’ previous mechanism from four periods to eight cycles, with Tezos declaring its commitment to “seamless upgrade transitions for all users”.
Edo will fix minor bugs, improve overall performance, and reduce gas consumption than previous ecosystem upgrades. Tezos is making rapid progress and the project is already working towards the next milestone. In the Edo version, Tezos stated that users could expect news about their next big update, Florence, soon.
What do you think about the future of the XTZ token? Let us know in the comments below.
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