Proof of Interest Blockchain, Tezos, Introduces Smart Rollups After 13th Core Protocol Upgrade in Mumbai

According to reports, the Proof of Interest blockchain Tezos has announced that it has activated the 13th core protocol upgrade in Mumbai and introduced the two-layer extension solution Smart Rollups. After the Mumbai upgrade, Tezos will provide a WebAssembly (WASM) execution environment, allowing developers to build on the chain using common programming languages such as Rust, C, and C++, making it easier for developers to create and deploy Dapp. Other upgrade features include support for interactive fraud proof, pipeline verification, and reducing block out time from 30 seconds to 15 seconds.

Tezos has activated the Mumbai upgrade and introduced the second tier expansion solution Smart Rollups

Tezos, a proof of interest blockchain, recently announced that it had successfully activated its 13th core protocol upgrade in Mumbai. This upgrade includes the introduction of the two-layer extension solution Smart Rollups, which is set to revolutionize the development and deployment of decentralized applications (Dapps) on the Tezos blockchain.

Overview of the Mumbai Upgrade

Tezos is a decentralized blockchain network that operates using a consensus algorithm known as proof of stake (PoS). PoS is an alternative to the proof of work (PoW) algorithm used by other blockchains, such as Bitcoin and Ethereum, and is designed to be more energy-efficient and scalable.
The Mumbai upgrade is a significant milestone for Tezos, as it includes several key improvements that will enhance the performance, security, and usability of the network. Some of the most notable features of the Mumbai upgrade include:
– Smart Rollups: This two-layer extension solution will allow developers to build and deploy Dapps on the Tezos blockchain with greater efficiency and scalability. Smart Rollups enable off-chain computation, reducing the burden on the main chain and increasing the throughput of the network.
– WebAssembly (WASM) Execution Environment: Tezos will now provide a WASM execution environment, enabling developers to build on the chain using common programming languages such as Rust, C, and C++. This will make it easier for developers to create and deploy Dapps on the Tezos blockchain.
– Interactive Fraud Proof: This feature will enable nodes to detect and report fraudulent transactions, preventing them from being included in the blockchain.
– Pipeline Verification: This feature will increase the efficiency of the network by optimizing the processing of block verification tasks.
– Reduced Block Time: The block time on the Tezos blockchain has been reduced from 30 seconds to 15 seconds, improving the speed and affordability of transactions on the network.

Smart Rollups: A Game-Changer for Tezos Dapp Development

Smart Rollups is the most significant addition to the Tezos blockchain with the Mumbai upgrade. It is a two-layer extension solution that enables off-chain computation, leveraging the scalability advantages of layer-two solutions while ensuring the security of layer-one. Smart Rollups are set to revolutionize the development and deployment of Dapps on the Tezos blockchain.
Developers will be able to build and deploy more complex and feature-rich Dapps on Tezos using Smart Rollups, as they can now process transactions off-chain instead of on-chain. This reduces the burden on the main chain and increases the throughput of the network. Smart Rollups also enable the bundling of several transactions into a single batch, reducing the overall cost of executing smart contracts on the network.

WASM Execution Environment: Making Dapp Development on Tezos Easier

The introduction of a WASM execution environment with the Mumbai upgrade is another significant step forward for developers on the Tezos blockchain. This feature enables developers to build and deploy Dapps using common programming languages like Rust, C, and C++.
Previously, Dapp development on Tezos required developers to learn a new language called Michelson. This made it challenging for developers to transition from other blockchain networks to Tezos.
With the WASM execution environment, Tezos has reduced the barriers to entry for developers and made it easier for them to build and deploy Dapps on the Tezos blockchain.

Interactive Fraud Proof and Pipeline Verification: Enhancing Network Security and Efficiency

The interactive fraud proof and pipeline verification features introduced with the Mumbai upgrade are designed to improve the security and efficiency of the Tezos network.
Interactive fraud proof enables nodes to detect and report fraudulent transactions, preventing them from being included in the blockchain. This helps ensure the integrity of the network and prevents bad actors from exploiting the system.
Pipeline verification optimizes the processing of block verification tasks, increasing the efficiency of the network. This allows transactions to be processed more quickly and at a lower cost, making the Tezos blockchain more accessible and appealing to developers and users alike.

Conclusion

The Mumbai upgrade is a significant milestone for the Tezos blockchain, introducing several groundbreaking features that will enhance the performance, security, and usability of the network. Smart Rollups, in particular, is set to be a game-changer for Dapp development on Tezos, enabling developers to build and deploy more complex and feature-rich applications with greater efficiency and scalability.
With the introduction of the WASM execution environment, Tezos has also made it easier for developers to build and deploy Dapps on the network, reducing the barriers to entry and attracting more developers to the platform.
Overall, the Mumbai upgrade represents an important step forward for Tezos and demonstrates the network’s commitment to innovation and continuous development.

FAQs:

1. What is Tezos blockchain and how does it differ from other blockchains?
Answer: Tezos is a decentralized blockchain network that operates using a consensus algorithm known as proof of stake (PoS). PoS is an alternative to the proof of work (PoW) algorithm used by other blockchains, such as Bitcoin and Ethereum, and is designed to be more energy-efficient and scalable.
2. What are Smart Rollups?
Answer: Smart Rollups is a two-layer extension solution that allows developers to build and deploy Dapps on the Tezos blockchain with greater efficiency and scalability. Smart Rollups enable off-chain computation, reducing the burden on the main chain and increasing the throughput of the network.
3. What is the WASM execution environment, and how does it make Dapp development easier on Tezos?
Answer: The WASM execution environment is a feature of the Mumbai upgrade that enables developers to build and deploy Dapps using common programming languages like Rust, C, and C++. This reduces the barriers to entry for developers and makes it easier for them to build and deploy Dapps on the Tezos blockchain.