The Tezos blockchain has successfully activated its 17th protocol upgrade, Quebec, making it quicker and more positioned for long-term sustainability. Teams from Nomadic Labs, Trilitech, and Functori collaborated to develop the upgrade, which was adopted by bakers (validators) via an on-chain governance and voting procedure. Several elements that are intended to enhance the overall Tezos experience are activated in Quebec. The Tezos X roadmap, which presents a cohesive vision for the future of the Tezos network and ecosystem, also contains significant performance enhancements that help realize the goal.
Tezos is an innovative blockchain that is well-known for its community-driven, on-chain governance structure and self-amending properties. To make Tezos even more attractive to builders, organizations, and companies of all sizes, Quebec is implementing a number of improvements. Transactions on the network are now quicker than ever thanks to a drop in layer 1 block time from 10 to only 8 seconds. Transactions reach finality in 16 seconds, further solidifying Tezos’ position as the perfect option for use cases like gaming and payments. The hardware requirements for participating in Tezos consensus have not changed in spite of these speed enhancements. This maintains community-inclusive decentralization as Tezos develops by guaranteeing that bakers (validators) using low-cost, lower-end technology may still take part in Tezos consensus.
Commenting on the upgrade, Yann Régis-Gianas, Head of Engineering at Nomadic Labs, said:
He added:
In order to reduce the inflation of the native currency, tez, while preserving network security, Quebec also modifies the staking mechanisms of Tezos. In order to prevent excessive tez issuance and maintain staking incentives that are sufficiently high to encourage a secure network, the Adaptive Issuance mechanism was first included in the Paris protocol upgrade. This approach is improved by the Quebec protocol upgrade, which addresses specific situations in which issuance may exceed what is warranted by security requirements.
The Quebec upgrade also increases the maximum amount of external stake that a baker can accept from five times to nine times their own stake, after consultations with bakers and the community at large. In addition to reducing the risks of centralization, this can improve network security by making baking more alluring and staking easier. Quebec also lessens the weight of delegated funds, which make a smaller contribution to network security, in order to further encourage staking. Because of this, staking now generates three times as much as delegation, as opposed to the two times it did previously.
Quebec’s successful implementation is a step closer to Tezos X and a glaring example of Tezos’ long-term upgradeability as well as the dedication to ongoing innovation shown by developer and community teams throughout the Tezos ecosystem. Following the recent launch of the uranium.io marketplace on Etherlink, the EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups, the announcement coincides with a busy time for the Tezos ecosystem. The launch of uranium.io, which aims to remove obstacles to an asset class that is driving the AI revolution and was previously only available to institutional investors, coincides with a resurgence of interest in real world asset (RWA) tokenization, which is becoming a key factor in the blockchain industry’s growth.
