2019-6-2 19:30 |
Tezos blockchain made history last month after activating two separate backward-incompatible changes. The new upgrade of the smart contracts and decentralized applications platform involved three months of on-chain voting by stakeholders, which started in February this year.
Dubbed as “Athens A”, the official upgrade was rolled out in a bid to reduce the minimum amount of tokens required [also known as ‘rolls’] from 10,000 XTZ to 8,000 XTZ for a user on the network to become a baker. In addition, ‘Athens A’ would potentially increase computation limits on Tezos blocks to allow larger transaction throughput.
Speaking about the upgrade, Arthur Breitman, the Co-Founder of Tezos, in a recent interview with Naomi Brockwell, said that this would essentially enable the deployment of more complex smart contracts on the network easily and added,
“..you can do more things in one block, and the main reason for that is that when the network launched, anyway, it was very new and limit was set at a pretty conservative value.”
He also spoke about deploying “conservative value”; Breitman stated that the value could be “progressively loosened” until the nodes were capable of handling all transactions.
Talking about how the change was actually implemented onchain, Breitman explained that the nodes were “injected” with the source code of a change or an “amendment”. He termed this phase as “proposing a code” and would last about three weeks.
In the second phase, which would take around three weeks, people would be able to upvote or downvote or even pass projects. This final phase was also called the promotion period. The core requirement to reach consensus to amend the blockchain was a minimum participation level of 81.39% of all staked coins to “express their opinion”. The Co-Founder said that the criteria were pretty strict.
The post Tezos’ Arthur Breitman asserts onchain upgrade will enable easy deployment of complex smart contracts appeared first on AMBCrypto.
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