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tldr; In Q2 2024, Tezos launched Tezos X, focusing on enhancing scalability and ecosystem versatility, including support for mainstream programming languages and interoperability. The Paris upgrade improved network performance with 10-second block times and a Data Availability Layer (DAL). Despite a 15% decrease in total value locked (TVL) in USD, TVL in XTZ terms rose by 42%. Etherlink, a Layer-2 blockchain powered by Tezos Smart Rollups, launched its mainnet beta in May 2024, aiming to offer low-cost, fast, and fair transactions. Tezos also saw a decrease in transaction fees and a drop in market cap, reflecting broader crypto market trends. Development updates included the introduction of Smart Rollups and private Smart Rollups, enhancing scalability and privacy for enterprise and government sectors. Tezos' governance model and the launch of Etherlink mainnet beta highlight its commitment to security, upgradeability, and democratic community governance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I wouldn't say just another innovative L2 . L2's on Tezos are smart rollups and with Tezos' 16th Upgrade Paris came DAL ( Data Availability Layer ). So a new era L2 I would say. I think everyone and his dog is peed of with high gas fees and sluggish or queued transactions . Yet just jump into the Tezos Community chats and ask anyone if they have any issues regarding stated . I would be shocked if anyone did . Everyone has this hate of Tezos from their ICO days . Yet if all just took that peek in the rabbit hole now and trialled, they would be amazed just how far ahead they have leaped compared to other chains. I'm.going to leave some info on the DAL I compiled below. The Tezos Data Availability Layer (DAL) is a significant component of Tezos' future scalability and performance enhancements. Let's unlock some 🔑 points about the DAL : ⬇️ 🔵 Purpose : The DAL is designed to provide additional data bandwidth to Smart Rollups, allowing for a massive throughput boost. It enables Tezos Layer 1 to attest the publication of data living outside Layer 1 blocks, which significantly increases the bandwidth of data attested by the Layer 1. ⤵️ 🔵 Functionality : The DAL operates as a companion peer-to-peer network for the Tezos blockchain. It allows users to publish, store, and exchange large amounts of data in a decentralized and permissionless manner. The DAL splits data into shards and shares it through the peer-to-peer network, making it available to Smart Rollups. ⤵️ 🔵 Bakers' Role : Tezos bakers play a crucial role in the DAL. They verify data availability by retrieving the data and attesting it in Layer 1 blocks. Participation in the DAL is proportional to the bakers' stake, and the hardware and bandwidth requirements vary accordingly. ⤵️ 🔵 Benefits : The DAL enables Tezos to achieve high throughput, making it possible to process up to 1 million transactions per second. This scalability is crucial for supporting the growth of the Tezos ecosystem and its applications. ⤵️ 🔵 Activation : The DAL was activated with the Paris protocol upgrade in June 2024, marking a significant milestone in Tezos' development and scalability. ⤵️ 🔵 Future Outlook : The DAL is a foundational step towards ensuring Tezos' long-term scalability. It is part of a broader strategy to improve latency, throughput, and interoperability while maintaining decentralization and composability within the Tezos Blockchain.
tldr; Tezos activated its 16th protocol upgrade, Paris, on June 4th, 2024, introducing significant enhancements to improve performance and scalability. This upgrade includes the Data Availability Layer (DAL) to boost Layer 2 throughput, enabling new use cases in gaming and ticketing with high-speed transactions. Block times have been reduced to 10 seconds, enhancing latency and transaction finality. Additionally, the upgrade introduces Adaptive Issuance & Staking to overhaul the Proof-of-Stake mechanism, aligning it more closely with real-world usage and enhancing chain security. These features aim to make Tezos faster, more scalable, and robust, continuing its tradition of community-driven development and innovation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; The Tezos blockchain is set to undergo significant improvements with the Paris A and B upgrade proposals. These upgrades aim to enhance efficiency and functionality by introducing lower latency with 10-second block times, activating the Data Availability Layer (DAL) for increased throughput and scalability of Smart Rollups, and refining the Proof-of-Stake (PoS) mechanism. Paris B, in particular, proposes a major overhaul of PoS fundamentals through Adaptive Issuance, Staking, and Adaptive Slashing, offering a dynamic approach to consensus. Paris A allows for later activation of these features through on-chain signaling. Developed by Nomadic Labs, Marigold, TriliTech, and Functori, these proposals mark a significant step towards a more efficient and scalable Tezos ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
If MS paint and DAL-E had a bastard child!
The larger problem is how you get your id in the first place. Humankind was a project that tried to get around the problem by having each human need to be verified by people already on the system. Only takes a few corrupt human to get infiltrated by bots though. As horrible as it sounds, in the future I think humanness will likely be a scale - have this many interactions on these different platforms, we can probably prove you're not a bot. Be a lurker and we really can't verify you. It's how credit score works currently, they take data points from your banking record, voting record etc and construct a profile of you. I anticipate the same thing for identity once bots get good enough. It's only so long until someone creates DAL-E for passports.