Tezos tested the new consensus algorithm dubbed Tenderbake which is capable of shorter block times and instant finalities with a block time of 1 second or even less so let’s learn more in our latest Tezos news today.
Tezos tested the Tenderbake algorithm, as a new form of consensus algorithm which will be utilized in the latest testnet with team members seeking to identify the potential implementation errors and to optimize the performance, as per the blog post. The introduction of Tenderbake follows a hectic period for Tezos which saw one upgrade launch every quarter and the latest single-shot consensus algorithm was developed by the engineers of the blockchain as well as academic researchers over the course of one year including those from the Baking Bad cooperative.
Tezos Tenderbake Testnet Spawned. The evolution of @Tezos continues with a testnet for a new consensus algorithm called Tenderbake – learn more about what this means here#Tezos #Tenderbake https://t.co/gCc7guqlR9 pic.twitter.com/yU1UhXWv9Y
— TQ Tezos (@TQTezos) April 9, 2021
Distinct from the current Emmy+algorithm, Tenderbake was inspired by Tendermint which is the first adaptation of the classical BFT style consensus algorithm. In a medium post, Tezos explained that Tenderbake was capable of shorter block times and instant finality with block times of 1 second or less. This will make it a marked improvement on the previous algorithm and will bring the blockchain in line with Visa levels of transactions per second without having to damage the decentralization.
Because Tenderbake is capable of handling a number of validators, the latest upgrade is seen as a huge milestone for the network and helps users leverage irreversibility in their transactions once a block is forged. According to a note in the original academic whitepaper, the methodology was driven by the need to bound the message buffers which is a essential when it comes to preventing spamming and memory errors. The paper also outlined how the processes can synchronize with each other without having to exchange messages and leverage.
This means that no fork is possible while Tenderbake is utilized no matter the network delays. With the consensus algorithm in place, if the network degrades during an asynchronous period, the blockchain will just continue where it left off. News of the Tenderbake testnet release reached the market and XTZ shot up almost 20% over the past week. Tezos is now the 31st cryptocurrency by market cap between BSV and Cosmos. The market capitalization of XTZ stands at $4.8 billion.
The long-term impact of Tenderbake remains to be seen so the community has plenty of good reasons to be bullish for the moment. The testnet follows the launch of QuipuSwap which crossed $1 million in TVL in the first week as well.
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