Tezos Delphi, the latest network upgrade has just went live, and now the gas consumption on the Tezos blockchain was significantly reduced so, in our Tezos news, we are reading more about the upgrade.
A few months after compiling the latest protocol proposal, Tezos implemented its 4th network upgrade in the past two years. Dubbed Tezos Delphi, it went live earlier today and aims to dramatically reduce the gas consumption as well as other small bug fixes. The Delphi proposal was submitted initially in early September and brought numerous bug fixes but what’s even more important is that the upgrade provided improvements to the performance of the Michelson interpreter and the gas model. It also reduced storage costs by a factor of four, to “reflect improvements in the underlying storage layer.”
Tezos announced the successful upgrade in a press release and it already went live today with the statement outlining once more the positive impacts on the gas fees:
“Delphi typically decreases gas consumption by about 75%, enabling more complex smart contracts to be used in advanced on-chain applications. This demonstrates the value of Tezos’ adaptability, as other public blockchains lack formal mechanisms to routinely coordinate protocol upgrades and implement functionality improvements at scale.”
The Tezos team indicated that this is the 4th upgrade in the past two years but it will not be the last. Some of the Tezos developers like the ones that were active since the initial Athens update listed their reasons why the network should undergo scheduled upgrades. They believe that many projects are implementing a lot of updates or the intervals are extremely long. Instead of releasing the code once the features are completed, Tezos asserted that scheduling them on a regular basis works more conveniently for all parties.
The blog post outlined that while Tezos is an open-source project that has contributors from all across the world, it provides a “mechanism through which anyone can credibly advance proposals without facing the typically insurmountable hurdle of coordinating a hard-fork.” One of the Tezos architects Arthur Breitman commented:
“This is what Tezos was built to do: amend, evolve, and grow. It’s encouraging to see teams from around the world coming together to make this vision a reality.”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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