Sunday, April 2, 2023

TEZOS ACTIVATES 'MUMBAI' UPGRADE ENABLING MORE THAN A MILLION TRANSACTIONS PER SECOND

·  Following Tezos’ latest upgrade, Mumbai, anyone can deploy Smart Rollups, a novel scaling solution.

· Smart Rollups enable the Tezos blockchain to scale beyond one million transactions per second without compromising on decentralization.

· Additionally, developers can now build on Tezos with general purpose programming languages such as Rust, C, and C++. 

BERN, Switzerland, March 30 (Bernama-BUSINESS WIRE) -- Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated Mumbai, its thirteenth core protocol upgrade. The Mumbai upgrade introduces Smart Rollups, a new Layer 2 scaling solution built directly into the protocol, which puts Tezos at the forefront of optimistic rollup technology.

Smart Rollups enable decentralized applications (dApps) to benefit from their own dedicated hardware resources in order to process a high amount of transactions, while the integrity and security of the Smart Rollup is guaranteed by the Tezos main chain, or Layer 1.

Due to this approach, the Tezos ecosystem will be able to surpass the milestone of one million transactions per second in 2023 without sacrificing decentralization. 

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