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The 7th upgrade of Tezos Granada is now live. This upgrade brings with it gas improvements, thus massively reducing gas consumption in smart contracts. Also, facilitating liquidity baking, leveraging governance mechanisms and incentives to provide for the public good.
Tezos adopt the best features available in other blockchain protocols while adding continual improvements without any hard forks. The on-chain mechanism is used to amend the network seamlessly to deploy upgrades. Thus, Tezos can stay ahead of industry trends and capabilities.
Granada provides for quick finality while replacing the previous consensus algorithms. For example, “Emmy+ is replaced with Emmy*” Thus, Emmy* cuts block times in half from 60 seconds to 30 seconds.
Granada will be drastically bringing down gas consumption for smart contracts. The Consumption will be reduced by an average factor of 3 to 6 times. Liquidity baking will leverage governance mechanisms and incentives to facilitate for the public good.
Granada is reportedly happening at an exciting time in the Tezos ecosystem. In May, during the last upgrade, Florence contract calls started eclipsing the 1 million per month mark. Thus, the growth is continuing. The community is hopeful that this is going to be big.
Reportedly, there are more than 2.5 million contract calls on Tezos. In addition, the Tezos network recently surpassed 10 million contract calls, with 5 million coming in the first three years and more than 5 million in the past eight weeks.
These upgrades are supported by the global team of developers in the Tezos community. In addition, the bakers and the critical infrastructure teams at Nomadic labs, Dai Lambda, Marigold Dev, Tarides, and Oxhead Alpha, are supporting the upgrades.
Previously, Tezos expressed: “The US Senate is considering legislation important to the blockchain industry as a whole, and Proof of Stake networks in particular. So join the community in making calls to the US Congress.”
Tezos Commons has to claim that it is an excellent chain to mint, keep, and trade your NFTs as the FA2 standard is far superior incomparable standards to several other chains.
Tezos is the blockchain designed to evolve. It is security-focused, upgradable, and built to last. It is also evolutionary, revolutionary, and everything in between.
Tezos offers institutional-grade security, governance by the people, an energy-efficient algorithm, smarter smart contracts, seamlessly, forklessly, and endlessly upgradable, and it is powerfully scalable.
Those who are interested in blockchain development on Tezos should the most commonly used smart contract languages on the Tezos blockchain like SmartPy and CameLIGO along with the Taquito Javascript SDK, and PyTezos, the Python SDK.
