Tezos Activates Mumbai, Introduces Smart Rollups
Tezos, a self-healing proof-of-stake blockchain, has activated its 13th major protocol update, Mumbai, introducing Smart Rollups, a layer 2 scaling solution, for faster transaction processing speeds.
Tezos introduces Smart Rollups via Mumbai
Smart Rollups allow decentralized applications (dapps) to use Tezos resources to process a high volume of transactions, ensuring the integrity and security of the rollup. This approach will allow the blockchain to process over a million transactions per second, all without sacrificing decentralization.
Tezos aims to improve its scalability and performance with Smart Rollups. Notably, the Mumbai update brings a number of technical features that make it a developer-friendly platform.
There is a WebAssembly runtime environment (WASM), allowing developers to build using general purpose programming languages like Rust, C, and C++. Consequently, it is easier for developers to build and deploy dapps on the proof-of-stake blockchain.
Welcome to #mumbai – @Tezos ‘ 13th protocol update.
Designed to evolve. Built to empower.#Tezos #BlockchainEvolved pic.twitter.com/gAPQqPYfKq
—Tezos (@tezos) March 29, 2023
The update also includes decentralized and open interactive fraud proofing. This is a runtime environment that allows flexible development and deployment of dapps and advanced rollup features that simplify interactions between different layers.
Other mainnet improvements include reducing the block time from 30 to 15 seconds through channeled validation. With this, the blockchain separates validation from the application of blocks and operations, which allows blocks and operations to be propagated more quickly.
The improvement also updates existing features, such as Ticket, which would allow direct transfers between users, making them more flexible.
a collaborative effort
The Mumbai update comes after months of development collaboration between its blockchain developer and the Tezos community. Experts from Nomadic Labs, among others, contributed to the update.
theses is known for its on-chain governance process involving community participation in approving and validating updates. This is advantageous and avoids conflicts that can result in harmful hard forks such as Bitcoin and Bitcoin Cash or Ethereum and Ethereum Classic. Thus, Mumbai was validated and approved by the community through the platform’s on-chain governance process prior to activation.
In December, the network activated Lima, which, like Mumbai, was aimed at improving the overall performance of the platform. During the last update, the developers ported kernel-based Optimistic Rollups and pipeline validation for faster block processing times.
#Lime features include:
🌀 Updates for optimistic rollups
➕ More pipelining for faster processing #blockchain
🔑 An introduction to consensus keys
🎟 Ticket improvements
🛠 Ghostnet fixesAnd more!#Tezos #BlockchainEvolved
—Tezos (@tezos) December 19, 2022
There have also been improvements to tickets, making it easier to track Ghostnet tickets and fixes stemming from the testnet migration from Jakarta to Kathmandu.
A notable improvement in this update was the introduction of Consensus keys that allow ‘bakers’, ie validators, to change their “key” without necessarily changing their public address.
Despite this, XTZ, the native token of Tezos, is stable on the last day, trading at $1.11, according to CoinMarketCap.
XTZ price on March 30th | Source: XTZUSDT On Binance, TradingView
Canva resource image, TradingView chart