{"id":25012,"date":"2022-09-26T14:38:33","date_gmt":"2022-09-26T09:08:33","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=25012"},"modified":"2022-09-26T14:59:01","modified_gmt":"2022-09-26T09:29:01","slug":"another-layer-1-goes-live-with-a-mainnet-upgrade","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/another-layer-1-goes-live-with-a-mainnet-upgrade\/","title":{"rendered":"Another layer 1 goes live with a mainnet upgrade"},"content":{"rendered":"<p>Tezos, one of the more eco-friendly layer 1 blockchain networks, activated the much-awaited Kathmandu upgrade on its mainnet to improve its scalability. <a href=\"https:\/\/www.tezosagora.org\/period\/80\" target=\"_blank\" rel=\"noopener\">Proposed in July<\/a> by the associated development firms and Tezos contributors, the 11th Tezos protocol enhancement was finalized via a successful on-chain governance proposal.<\/p>\n<p>The activation went live at 2.00 a.m. IST on Saturday. Nomadic Labs, DaiLambda, Tarides, Oxhead Alpha, Functori &amp; Tweag, and Marigold, are the associated development firms and contributors incharge of this protocol enhancement.<\/p>\n<p>Here is the tweet announcing the same:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Welcome to <a href=\"https:\/\/twitter.com\/hashtag\/Kathmandu?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Kathmandu<\/a> &#8211; <a href=\"https:\/\/twitter.com\/tezos?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Tezos<\/a>&#39; 11th protocol upgrade.<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/hashtag\/blockchain?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#blockchain<\/a> built to last.<a href=\"https:\/\/twitter.com\/hashtag\/Tezos?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Tezos<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BlockchainEvolved?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#BlockchainEvolved<\/a> <a href=\"https:\/\/t.co\/doFOKxJaY4\">pic.twitter.com\/doFOKxJaY4<\/a><\/p>\n<p>&mdash; Tezos (@tezos) <a href=\"https:\/\/twitter.com\/tezos\/status\/1573415873129463824?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Notably, Tezos\u2019s mainnet upgrade comes days after Ethereum\u2019s watershed moment\u2014 the \u201cMerge\u201d and Cardano\u2019s much anticipated \u201cVasil\u201d fork. It is evident that almost every Layer-1 blockchain is trying to become faster and more scalable after Ethereum entered the playing field. Tezos, with its Kathmandu upgrade, aims to initiate similar changes.<\/p>\n<h2>What does the upgrade aim to achieve?<\/h2>\n<p>With this upgrade, Tezos plans to bring in layer-2, off-chain transactions. The scalability improvement plan would employ the \u201cOptimistic Roll-Up\u201d technology to improve transaction throughput and streamline the process of block validation.<\/p>\n<p>However, it is to be noted that the Kathmandu upgrade doesn\u2019t directly add the roll-up support. Instead, it prepares the Tezos blockchain for similar, layer-2-specific infrastructure building.<\/p>\n<p>The primary purpose of this upgrade is to experiment with new features on the Ghostnet (testnet). Most of these experiments involve testing the degree of randomness for PoS-led validation and enhancing blockchain security. Other protocol developments like preparing the smart contract for increased storage are also expected to roll out along with Tezos\u2019s 11th mainnet upgrade since inception.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tezos, one of the more eco-friendly layer 1 blockchain networks, activated the much-awaited Kathmandu upgrade on its mainnet to improve its scalability. Proposed in July by the associated development firms and Tezos contributors, the 11th Tezos protocol enhancement was finalized via a successful on-chain governance proposal. The activation went live at 2.00 a.m. IST on [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":25014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-25012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Ananda Banerjee\",\"description\":\"Ananda Banerjee is a creative copywriter at heart, a technical writer by profession, and a multifarious Web 3.0 creator in his leisure time. 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