The Tezos blockchain platform has activated a protocol upgrade named Delphi.
Welcome to Delphi! 🏛️ #Tezos upgraded at block 1,212,417. pic.twitter.com/XjnQmAefjN
— Tezos (@tezos) November 12, 2020
This is the fourth mainnet upgrade in two years of operation, initiated by Nomadic Labs, Metastate and Gabriel Alfour.
Source: Tezos Agora.
The most significant feature of the upgrade, according to developers, is a sharp reduction in gas consumption—on average by 75%—which will enable the development of more sophisticated smart contracts. This was achieved thanks to improvements to the Michelson interpreter performance and the gas model.
Delphi also reduces on-chain data storage costs.
Earlier on the platform, updates to the Carthage and Babylon 2.0 protocols were activated, and the first upgrade in March 2019 was the Athens A improvement package, selected by validators from two proposals.
What is Tezos (XTZ)?
Bender Labs founder Hugo Renaudin described Tezos’s on-chain coordination mechanism’s regular updates as an attractive quality for developers.
“The combination of regular updates with the gas-cost reductions that this upgrade brings means that Tezos has matured for DeFi development,” he added.
Weiss Ratings has rated Tezos technology higher than that of Bitcoin and Ethereum.
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