Dev Launches Altcoin New Update: Here are the Details!

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A high-end smart contract platform designed for decentralized applications. Tezos (XTZ), He shared the details of Lima, the 12th protocol update. This big update altcoin takes important steps in performance and scalability for its ecosystem.

Tezos (XTZ) Altcoin Developers Share Details of New Update

According to the official announcement shared by Tezos (XTZ) developers from Nomadic Labs, the protocol has made the Lima update. The update is designed to increase blockchain throughput and make it more developer-friendly.

The Lima protocol update is a new phase in Tezos’ (XTZ) pipeline working system designed to improve the way the blockchain validates new blocks. Generally speaking, the update aims to separate verification from implementation. Thus, the system performs operationally cheaper activities separately from expensive ones.

In post-lima Tezos (XTZ), each new block received is validated just before being forwarded to peers. After this update was enabled, the total block time was reduced to 15 seconds.

Also, the new update introduces a mechanism called consensus keys: with this mechanism, the network will not lose validators for coordination reasons during software installations.

Finally, Tezos’ (XTZ) Lima update improves the design of tickets, a Tezos-specific data type on the blockchain. The new update allows Tezos (XTZ) enthusiasts to initiate zero-consistency tickets, reducing the risk of errors in smart contracts.

With this update, Tezos (XTZ) strengthens its position as a reference blockchain for various use cases on Web3. The net number of smart contracts created on Tezos (XTZ) has nearly quadrupled in the last 12 months.

*Not investment advice.

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