Popular from altcoins one who Tezos (XTZ) developer company Nomadic Labs, cryptocurrency announced its new update Mumbai.
Tezos co-founder Arthur Breitman claims this is one of the most “transformative” upgrades to the popular proof-of-stake blockchain.
Altcoin Developer Company Nomadic Labs Announced the Details of the Update
Key features announced by Nomadic Labs include enabling smart rollups, SNARK’s arrival on Mainnet, which will further strengthen instant precision thanks to proof-of-validity, reduction of block time to 15 seconds, ticket transfers between accounts and ticket ownership. Included are two new RPC endpoints for better visibility.
Smart rollups create a powerful scaling solution now available on the mainnet. It allows users to deploy decentralized WebAssembly applications with dedicated computing and network resources.
Also, with Epoxy’s debut on the Mondaynet testnet, users will now be able to benefit from faster accuracy verification mechanisms through SNARK’s proof-of-validity technology.
All these upgrades are expected to greatly increase scalability, leading to more efficient operations and processing power for users on the Tezos network.
The reduced block time feature can also be crucial in ensuring fast transactions, along with comprehensive ticket transfer support between user accounts.
New Michelson transactions were also introduced on the altcoin official website. Michelson opcodes AND, OR, XOR, NOT, LSL and LSR; It has been extended to support logical operations on bytes, similar to operations on nat. And added an opcode to convert between bytes and nat.
*Not investment advice.
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