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Tezos X: A Vision for the Future of Blockchain
Today, Tezos was unveiled, presenting a forward-looking vision for Tezos that marks a significant evolution from its original design. According to the official blog, this vision addresses some of the fundamental issues in the blockchain space, aiming to improve usability and usefulness while maintaining the fundamental properties of blockchain technology.
🔥 Introducing Tezos
Read on to find out what this means and how we can get there. 🧵⤵️#TezosX
(1/7) photo.twitter.com/NZQHCWUu3F
— Tezos (@tezos) June 27, 2024
The vision of Tezos This approach aims to create a scalable, composable and interoperable system, while preserving decentralization and security.
Key elements of Tezos
- Level 1 as settlement level: The vision sees Layer 1 (L1) evolving into a strong, lightweight, decentralized settlement layer, while an extremely powerful “canonical” rollup of Layer 2 (L2) provides vertical scalability. This approach ensures that the L1 remains secure and decentralized, while the L2 handles the heavy lifting of transaction processing.
- Intelligent Rollups and Data Availability Level (DAL): Critical to scalability efforts, Smart Rollups enable resource-intensive processing on dedicated tiers, while DAL ensures high-throughput communication. This combination aims to achieve a network throughput of up to 1 million transactions per second (TPS). The DAL serves as an independent network for transmitting rollup data, with data availability guaranteed by the L1 bakers.
- Composability and interoperability: By supporting multiple execution environments and enabling atomic transactions between smart contracts in various programming languages, Tezos X aims to improve composability and interoperability. A smart contract in Solidity can interact with one in Python and another in JavaScript within the same transaction. This ability to execute multilingual smart contracts within a single rollup improves the flexibility and functionality of the network.
- Intuitive environment for developers: The canonical rollup will support mainstream programming languages ​​like JavaScript and Python, making it easier for developers to build and deploy applications. This interoperability is expected to attract a wider range of developers to the Tezos ecosystem. By lowering the barrier to entry, Tezos aims to foster innovation and expand its developer community.
- Adaptive emission: Tezos X also offers automatic security adjustment to reduce inflation and improve composability. This mechanism aims to balance the need for security with the goal of maintaining a sustainable and scalable network.
The Road to Tezos
Tezos has steadily evolved from a monolithic blockchain, where each node replicates all assets, to a more modular design. This evolution aims to keep tasks requiring high decentralization on L1, offloading other tasks to specialized modules. This more modular approach is designed to significantly improve performance without compromising security or decentralization.
Key developments along this journey include:
- Smart Rollups (Q1 2023): These rollups scale the network by enabling transaction processing across multiple dedicated layers, with integrity and security guaranteed by L1. Smart Rollup’s flexible design enables the implementation of tailor-made blockchain solutions that do not compromise security and scalability.
- Faster block times (in progress): Optimizations reduced block times from 60 seconds to 10 seconds, improving application performance and transaction finality. The goal is to achieve a 5-second block time by 2026, further improving network speed and efficiency.
- Data availability level (in progress): ensures that large amounts of rollup data can be transmitted and made publicly available without compromising decentralization. The DAL is a crucial component in supporting the high throughput required by Smart Rollups.
- Etherlink roll-up (Q3 2024): An EVM-compatible execution environment that provides a trustless protocol-level bridge to L1, enabling low-latency sequencing operations and ensuring seamless integration with the Ethereum ecosystem.
- MEV Protection (2024-2025): A sequencer ensures there is no manipulation in the order of transactions within a block, addressing the maximum mineable value (MEV) problem and improving the integrity of the blockchain.
- Michelson Returns (2025): A proposed rollup that supports the same smart contract languages ​​as Tezos layer 1. This rollup will allow you to easily deploy existing applications on Tezos on L2, benefiting from the high scalability and low latency enabled by Smart Rollups. The Michelson rollup can run in parallel with Etherlink, allowing for a trustless bridge between these two runtimes.
- New execution (2025): Exploring RISC-V as an additional runtime, offering scalable and efficient processing power. This new runtime aims to complement the existing WASM engine, providing developers with more options for deploying their applications.
Future developments
The roadmap for Tezos
- Canon Rollup (expected 2026): A unified rollup to handle most network tasks, supporting multiple execution environments for smart contracts. This package aims to be a one-stop shop for developers and users, centralizing application activity while maintaining high performance and security.
- Further scaling (planned for 2025): Aims for ultra-high throughput with parallel transaction execution, targeting 1 million TPS in a single rollup. This scaling effort will ensure that Tezos can handle an increasing number of applications and users without compromising performance.
- Traditional language support (planned for 2025): Turnkey Smart Rollup solutions will feature built-in support for implementing smart contracts in major mainstream programming languages. You don’t need to learn a blockchain-specific programming language to start building. The first planned additions are JavaScript and TypeScript, with Python and Java explored as later additions.
- Improved developer experience (ongoing): Tools, tools, tools. Tezos developer teams have prioritized providing ever-better SDKs, APIs, and other tools to develop on Tezos. The guiding principle is that integrating the Tezos blockchain into any type of application should be as easy as importing a software library.
Improving interoperability
Tezos X aims to break down barriers by supporting traditional programming environments and integrating with other blockchain and non-blockchain systems. This interoperability is expected to attract more developers and facilitate the creation of cross-chain applications.
Key developments in interoperability:
- Etherlink (in progress): An EVM compatible Smart Rollup created by the developers of the Tezos protocol. Etherlink enables the deployment of Solidity smart contracts with simple integration with EVM ecosystem tools. The protocol-level trustless bridge between Smart Rollup and Layer 1 enables resource transfers without relying on third parties.
- Support for traditional languages ​​(planned for 2025): Turnkey Smart Rollup solutions will feature built-in support for implementing smart contracts in major mainstream programming languages. You don’t need to learn a blockchain-specific programming language to start building. The first planned additions are JavaScript and TypeScript, with Python and Java explored as next additions.
- Custom rollups: Multiple blockchains for use cases requiring isolated or private computations, with trustless bridges to secure layer 1 and other rollups. This approach allows for tailored solutions without compromising security.
- Decentralized Sequencer (expected 2024): The possibility of a decentralized sequencer for canonical rollup is being explored. A sequencer would allow for much lower latency within the rollup, much less than a second. It could also offer fair transaction ordering or transaction encryption, which serves to prevent someone from manipulating the order of transactions in a given block to their advantage, known as Maximal Extractable Value (MEV).
The integrated “modulitic” future
This innovative “modu-lithic” approach aims to improve performance while maintaining the integrity and security that are fundamental to blockchain technology. This strategy not only increases scalability, but also attracts a broader range of developers, ensuring the continued growth and relevance of the Tezos ecosystem. The proposed roadmap and vision underscore Tezos’ commitment to innovation and community-driven development, laying the foundation for the next generation of blockchain technology.
This comprehensive approach ensures that Tezos remains a cutting-edge platform capable of meeting the ever-evolving needs of the blockchain space. The combination of advanced rollup technology, improved development experience and improved interoperability positions Tezos X as a leader in the next generation of blockchain solutions.
Tezos X: A Vision for the Future of Blockchain
Tezos X was unveiled today, presenting a forward-looking vision of Tezos that marks a significant evolution from its original design. According to the official blog, this vision addresses some of the fundamental issues in the blockchain space, aiming to improve usability and usefulness while maintaining the fundamental properties of blockchain technology.
The Tezos community celebrates the first week of adaptive issuance and the new role of “Staker” on the mainnet
On June 19, the Tezos community took a significant step forward with the activation of Adaptive Issuance and a new staking mechanism on the Tezos mainnet. This improvement, introduced with the Paris Protocol update, aims to improve network security and provide more incentives for users to participate in staking. Now, a week after its implementation, the Tezos community is starting to experience the benefits and changes brought by this update.
canonical rollup, FROM THE, Level of data availability, Java, MEV protection, Michelson winding, Python, Tezos, Typescript, Web3, X
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