Tezos has successfully activated its 17th protocol upgrade, known as Quebec, marking another significant advancement for the blockchain. This update introduces several key improvements aimed at enhancing the network’s overall functionality and efficiency. One of the primary changes is the reduction of block time from 10 seconds to 8 seconds, allowing transactions to reach finality in just 16 seconds. This makes Tezos a more viable option for applications requiring high speed, such as payments and gaming. By achieving faster transaction confirmation, Tezos aims to attract more real-time applications, boosting its attractiveness in the competitive blockchain arena.
In addition to faster transaction speeds, the Quebec upgrade refines staking mechanics by increasing the limit for external stakes that bakers can accept from five times to nine times their own stake. This change is designed to improve network security by making staking more attractive to participants. Furthermore, the upgrade includes enhancements to Tezos’ Adaptive Issuance mechanism, balancing staking rewards with inflation control more effectively. Active participants in staking now earn yields three times higher than delegators, compared to the previous ratio of two times. These adjustments aim to encourage more robust participation in the network’s governance and security protocols, strengthening the overall resilience of the blockchain.
Developed by teams at Nomadic Labs, Trilitech, and Functori, the Quebec upgrade was approved through Tezos’ on-chain governance system. Importantly, these performance improvements do not increase hardware requirements, allowing bakers to continue using affordable infrastructure. This means that the enhanced capabilities of the Tezos network can be leveraged without necessitating significant investments in new hardware, ensuring that the network remains accessible and cost-effective for a wide range of participants. The combination of accessibility, enhanced security, and improved speed positions Tezos as a strong and competitive player in the blockchain space.