Tezos Activates The Ithica 2 Upgrade

Twitter icon  •  Published il y a 1 an  •  Hassan Maishera

The Tezos team announced via Twitter on Friday that it has activated its ninth upgrade called Ithica 2.

The Tezos team announced via Twitter on Friday that it has activated its ninth upgrade called Ithica 2. Tezos added that Ithaca 2 replaces the consensus algorithm of Tezos with Tenderbake, lowering block times and improving finality. The team added that Ithaca 2 also introduces pre-checking, a lightweight validation scheme for the mempool which will increase overall throughput and reduce the requirement to become a network validator ("baker") by 25% from 8,000 XTZ to 6,000 XTZ, strengthening the decentralized nature of

Tezos is a blockchain platform that supports smart contracts and dapps based on the idea of a digital commonwealth, in which governance is democratized in an efficient and sustainable manner to avoid costly hard-fork scenarios.

XTZ is down by 1.5% in the last 24 hours and is currently trading at $4.001 per coin.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.