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Tag: Tezos

  • Exploring the Tezos’ Price Surge: Uwerx Presale as a Catalyst

    Exploring the Tezos’ Price Surge: Uwerx Presale as a Catalyst

    In recent months, Tezos (XTZ) has experienced a remarkable surge in price, attracting the attention of cryptocurrency investors and enthusiasts worldwide. 

    This article delves into the factors behind Tezos’ price surge and examines the potential catalyst provided by Uwerx’s presale. 

    As Uwerx’s presale gains momentum, it has the potential to drive further interest and demand for Tezos (XTZ), contributing to its upward trajectory. 

    Read on to explore the exciting dynamics between Tezos’ price surge and the impact of Uwerx’s presale on this cryptocurrency’s market performance.

    BUY WERX TOKENS NOW

    Tezos (XTZ): Empowering Users through Self-Amending Blockchain Governance

    Tezos (XTZ) has made significant strides in cryptocurrencies with its remarkable achievements and unique features. As a self-amending blockchain platform, Tezos (XTZ) empowers its users to participate in the governance and evolution of the network. 

    This innovative approach ensures adaptability and enables seamless upgrades without disrupting the ecosystem. Tezos (XTZ) also boasts robust smart contract functionality, opening up a wide range of decentralized applications and use cases. 

    Another notable aspect of Tezos (XTZ)  is its emphasis on security. The platform employs formal verification techniques to mathematically prove the correctness of smart contracts, reducing the risk of vulnerabilities and exploits.

    Tezos (XTZ) also provides a developer-friendly environment with a powerful smart contract language called Michelson. This language enables developers to create complex and secure applications on the platform.

    Furthermore, Tezos (XTZ) is designed to be energy-efficient, using a proof-of-stake consensus algorithm that minimizes energy consumption compared to traditional proof-of-work systems.

    These features have put Tezos (XTZ) a notch higher causing it to see price increases in recent times. However, Tezos’ (XTZ) increase is nowhere near Uwerx future prospects. Uwerx is set to provide 200X more gains than Tezos (XTZ) before the end of they

    Uwerx: Transforming Freelancing with Innovative Solutions and Growth Opportunities

    Uwerx, a cutting-edge Web 3 platform, is poised to revolutionize the freelance industry by offering an innovative approach and significant growth opportunities. By harnessing the power of blockchain technology, Uwerx creates a secure and transparent ecosystem that empowers freelancers and clients.

    Uwerx has implemented a 25-year lockup period for token liquidity following the presale to ensure enduring stability and credibility. Additionally, the Uwerx team voluntarily commits to locking their tokens for nine months, underscoring their dedication to the project’s long-term success.

    Uwerx is currently in Stage 5 of its presale, offering tokens at an appealing price of $0.041 each and a generous 15% bonus on every purchase. When the project launches on centralized exchanges, Uwerx’s smart contracts will be renounced, ensuring accessibility for all participants and eliminating taxes.

    Achieving Milestones: Uwerx (WERX) Sets New Standards in Presale and Community Engagement

    Uwerx has made remarkable strides, completing stages 1 to 4 of its presale. The project’s unwavering commitment to security and reliability is evident through thorough audits conducted by renowned firms like SolidProof and InterFi Network, ensuring adherence to the highest standards. 

    Uwerx’s impact on the crypto world is already evident, earning a coveted listing on CoinSniper, a platform recognized for promoting promising projects. Furthermore, the highly anticipated listing on the prestigious Uniswap exchange is scheduled for August 1st. 

    The recently unveiled Uwerx Alpha Version has undergone updates, enhancing various platform aspects. Improvements to settings, freelancer profile creation, milestone management, job application boosting, and the job application page have significantly enhanced the user experience.

    Buy WERX tokens below for 15 discount on all purchase: 

    Presale: invest.uwerx.network

    Telegram: https://t.me/uwerx_network

    Twitter: https://twitter.com/uwerx_network

    Website: https://www.uwerx.network/

    Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

  • Kora Selects the Tezos Blockchain to Power Its Carbon Footprint App

    Kora Selects the Tezos Blockchain to Power Its Carbon Footprint App

    Kora, a project that rewards users who reduce their carbon footprint with tokens, has received an investment from the Tezos Foundation. Kora has also selected Tezos, which is known for its energy-efficiency, as its blockchain platform of choice.

    By providing a unique set of incentives, Kora is attempting to address the issue of individuals lacking the motivation to change their habits and reduce their carbon emissions because they feel like their impact is insignificant in the grand scheme of things.

    The Kora app has a simple premise—users earn 1 Kora token for every 100 grams of CO2 they reduce. For example, users can earn Kora tokens by choosing to ride their bicycle or walk instead of driving their car. The app provides a marketplace where Kora tokens can be spent to buy sustainable products and services at discounted prices.

    In addition, Kora gives users option to offset their carbon footprint through investments in projects such as reforestation initiatives that reduce carbon emissions. By offsetting emissions, users can also earn additional Kora tokens.

    As one of the most widely adopted blockchains using the energy-efficient Proof-of-Stake consensus model, Tezos is suitable for environmental projects. For example, the Tezos blockchain has also been selected by Cambridge University’s Cambridge Centre for Carbon Credits (4C), which will use it to launch a decentralized marketplace for carbon credits.

    Gilad Regev, the CEO of Kora, said that Tezos was an obvious choice for the project since it has one of the lowest carbon footprints in the crypto and blockchain industry. Regev also stated:

    “Kora is becoming the most accurate real-time platform for measuring and validating behavior change. Ensuring that our users’ data and payment information is safe and secure has been a critical milestone in developing our platform. Furthermore, the low-carbon Tezos blockchain enables secure validation of climate action.”

    Regev also commented on the investment from the Tezos Foundation, saying that it represents a “pivotal moment” for the Kora project:

    “The support from the Tezos Foundation of Kora is a pivotal moment in the growth of Kora, one which will help propel it as both an app- and a movement- to new heights and we look forward to working with Tezos in this exciting chapter of our development.”

    In September, the Tezos blockchain was successfully improved through the Kathmandu upgrade, which was the 11th upgrade of the Tezos protocol. The Tezos blockchain features on-chain governance and the protocol can be upgraded without requiring a hard fork.

  • Optimism Earns #2 Spot Thanks to OpenSea Integration–Top Coins to Watch for Oct 3–Oct 9

    Optimism Earns #2 Spot Thanks to OpenSea Integration–Top Coins to Watch for Oct 3–Oct 9

    After another week with no bigger moves on the cryptocurrency market, the total cryptocurrency market capitalization stands at $946 billion as we enter Week 40. Bitcoin has been trading below $20,000 for the majority of the week, but the number of coins that remained unmoved in the past 90 days has hit the all-time high. This indicates that there is still a large percentage of strong-hand holders among us. With no foreseeable moves expected in the prices of Top 20 cryptos (except for XRP – which we are still following to see whether and how the SEC lawsuit will end), we have turned to smaller market cap but still reputable coins and tokens for this week’s Top 3 Coins to Watch selection.

    3. Tezos (XTZ)

    Tezos is a decentralized smart contract and application network that utilizes a modified version of Delegated Proof of Stake consensus. The blockchain launched in September 2018, following an initial coin offering (ICO) that raised $232 million in 2017. XTZ token is the native cryptocurrency of the Tezos platform. Tezos blockchain also features an on-chain governance system allowing holders to take part in the decision-making process. Developers can suggest changes or upgrades to the Tezos protocol, and if their suggestion gets approval from the community, they are rewarded with XTZ tokens after it is successfully implemented. What makes Tezos blockchain stand out among other similar blockchains is its efficient network upgrade process as the protocol allows major upgrades to be implemented without the requirement of a hard fork. This system allows Tezos to adopt new technologies quickly. Tezos also boasts with a burgeoning NFT ecosystem.

    Buy/Sell XTZ

    Tezos deployed its 11th network upgrade called “Kathmandu”

    Somewhat lost in all the news about Ethereum’s Merge and Cardano’s Vasil hard fork Tezos’ upgrade called “Kathmandu” was deployed on September 23. Tezos’ 11th network upgrade brought several improvements to Tezos blockchain including the launch of Smart Contract Optimistic Rollups (SCORUs), improvements to the chain’s randomness generator, better event logging and tweaks to the Tezos’ validation process. In addition, the “Kathmandu” upgrade introduced the support for ‘Ghostnet’, a permanent testnet that upgrades in accord with the mainnet.

    Tezos team notes that Kathmandu’s features focus on scaling and are setting up a path to 1 million transactions per second. For comparison, the current maximum capacity of the Tezos network is said to be around 1,000 TPS. However, most of the time the network operates far from its top capability as Tezos conducted around 5.4 million transactions and 1.8 million smart contract calls in September 2022. Considering how jammed Ethereum network gets from time to time, some extra transaction throughput is always a welcome resource.

    2. Optimism (OP)

    Optimism is a popular Ethereum Layer 2 network that approaches solving the scalability issues by reducing the cost and latency of Ethereum transactions through the use of Optimistic Rollups technology. OP is Optimism’s freshly launched governance token. OP holders will form the so-called Optimism Collective, a large digital democratic governance community that will vote on protocol upgrades, direct incentives to projects, and determine the allocation of treasury funds.

    Buy/Sell OP

    Optimism-based NFTs hit OpenSea, the world’s most popular NFT marketplace

    OpenSea, the world’s largest NFT marketplace by trading volume, has announced support for Optimism last week, enabling the trading of Optimism-based NFTs. That way Optimism became the sixth network supported by the OpenSea marketplace, joining the company of Ethereum, Solana, Polygon, Klaytn and Arbitrum. Since the integration, more than 1 million Optimism-based NFTs from more than 100 different collections have been published on OpenSea. No wonder that even the Optimism team is optimistic about the recently established partnership:

    However, the OpenSea integration is not the only Optimism integration that has recently appeared in the crypto news. Circle, the company that issues the USDC stablecoin has announced that they will be rolling-out USDC on five new blockchain networks, including Optimism, by the end of 2022. With the expansion, Circle aims to “open the door for institutions, exchanges, developers and more to innovate and have easier access to a trusted and stable digital dollar”. Nevertheless, with a native access to the second largest stablecoin also Optimism blockchain has to benefit.

    1. Cosmos (ATOM)

    Cosmos is developing a network of blockchains that would facilitate the interoperability of multiple, otherwise incompatible blockchain applications and cryptocurrencies. Cosmos’ Inter-Blockchain Communication (IBC) protocol currently supports already 49 different blockchains. The Cosmos network consists of two layers – the Tendermint BFT (Byzantine Fault Tolerant), which combines the networking and consensus layers, and the application layer. In the application layer, developers can utilize the Cosmos Software Developer Kit (SDK) to translate the code from popular programming languages into one that is readable by the Cosmos protocol. The project’s success is best reflected by the rapid growth of the Cosmos network, which grew from a small ICO into a thriving ecosystem in less than three years.

    Buy/Sell ATOM

    Cosmos comes out with a revamped white paper; Delphi Labs stated they would focus on Cosmos development

    The Cosmos team has presented a new project white paper on Monday, September 26 at the Cosmoverse conference that took place in Medellin, Colombia. The conference attracted more than 1500 attendants making it the largest event of this kind in the project’s history.

    The proposed new white paper includes changes to Cosmos Hub and repurposes the ATOM token. For example, the new version of the Cosmos Hub will enable other Cosmos blockchains to utilize the Hub’s validator pool to secure their networks, rather than having to establish their own validator community.  The network will also transition to Interchain Security, which will make Cosmos “legally and defensibly decentralized” as well as allow “third parties to utilize the Hub’s essential infrastructure to build commercial applications”. ATOM tokens will see changes in the tokenomics, as they transition to becoming the interchain reserve cryptocurrency. 1,000,000 ATOM will be issued in the first month of the transition phase and the issuance will decrease until a steady state is reached 36 months later. In the steady phase, only 300,000 ATOM tokens will be entering circulation every month. While the changes presented in the new white paper are technically still proposals, they are expected to be implemented on-chain on October 3.

    In addition, a few weeks ago Delphi Labs, Delphi Digital’s research and development unit, announced it would put its focus on Cosmos development. They have put considerable effort in exploring various blochchians and identified Cosmos as the one with the highest potential. However, they also identified a few weak points of the ecosystem, such as relatively low TVL, which may be due to the “lack of hype, funding, and memeability” that could originate from the “lack of a schelling point L1 token to rally around”. Nevertheless, more and more projects are onboarding Cosmos because of the wide reach of its Inter-Blockchain protocol. Perhaps one of the most prominent projects that is coming to Cosmos is Circle’s USD Coin (USDC), which we already wrote about in the Optimism section. The only difference is that USDC will be deployed to Cosmos a bit later than to other networks as the launch is estimated to take place in the beginning of 2023 (and not by the end of 2022 as for other 4 newly-supported blockchains). To conclude, Cosmos is a unique interoperability-focused project that has many use-cases and very likely a bright future.

  • Celphish Finance, Tezos, and Aave: The DeFi Projects That Will Revert the Effects of The Bear Market

    Celphish Finance, Tezos, and Aave: The DeFi Projects That Will Revert the Effects of The Bear Market

    CoinCheckup data, which many investors closely follow, shows that there has been a decrease in transaction volumes with the recent contractions. In this process which the investors carefully follow, it is stated that the investors who act away from the panicked atmosphere and evaluate the buying windows will profit greatly. Analysts say this crypto crash is more than a bad situation; it is a profitable buying opportunity.

    Celphish Finance (CELP): The Best Opportunity for New Investors in the Market

    It is possible to see that many new investors are included in the market during this period. Crypto learning academies emphasize that new investors should act consciously. In this period, when market trends are highly volatile, most investors continue to include new projects in their portfolios. Although Celphish Finance (CELP) is one of the newest players in the DeFi space, it is cited as one of the most popular projects of this trend.

    Celphish Finance aims to bring innovations in NFT and swap protocol. The ecosystem plans an NFT market using the AMM algorithm within the ecosystem it will create. In this market which will focus on ease of use, it is mentioned that assets can be easily managed even through any smartphone. Likewise, the NFT market is said to be safer than its peers.

    Celphish Finance (CELP) is also working on a token exchange focused on user experience. With the help of this application which will allow the transfer with multi-chain technology in a decentralized manner, it is aimed to offer instant transaction speeds to the investors. Since theCelphish Finance ecosystem is a project focused, especially on new investors, it is predicted to achieve rapid market growth.

    Buy Celphish Now

    Tezos (XTZ): A Contender to the Giant Carbon-Emitters of the Market

    Blockchain technology consumes a lot of energy to generate massive amounts of carbon emissions. According to Digiconomist estimates, Ethereum, an existing leading-tier blockchain, has the same carbon footprint as Singapore. This is mainly due to Ethereum’s consensus design.

    Tezos (XTZ) is a decentralized blockchain that governs itself by establishing a true digital commonwealth. It does this by facilitating formal verification, a form of mathematical proof that allows for code to be verified by correctly implementing its specification. Tezos’s (XTZ) energy efficiency is one of its key selling points compared to other coins. Its Proof-of-Stake consensus algorithm allows network participants to earn rewards for validating blocks, without expending large amounts of energy. This makes Tezos (XTZ) an attractive option for eco-conscious investors, and helps ensure that its network remains secure and robust over time.

    Aave (AAVE): One of the Most Preferred and Robust Projects in the Market

    Crypto news about the Aave (AAVE) project shows that the project has lost approximately 70% of its value from the last peak reached. But the project with a large investor base does not have much difficulty finding investors in falling markets. The low price of the project, which is already a very serious investor, contributes to the collection of liquidity at this point.

    Aave (AAVE), an altcoin that increased its value 13 times after the decline it experienced in the previous periods, is among one of the most reliable projects in the market. The project, which gained a large community during its debut in a very short time, continues to expand its community daily. Developing as a sustainable model thanks to the improvements made by the users to the ecosystem, Aave (AAVE) is considered one of the most preferred projects of today.

    The crypto crash has affected many projects, but a few have weathered the storm and will come out stronger. Celphish Finance (CELP), Tezos (XTZ),and Aave (AAVE) are three of those projects that you should keep an eye on as they could potentially reverse the effects of the bear market.

    To find out more about Celphish Finance (CELP), visit the following links:

    Presale: https://cel.celphish.io 

    Website: http://celphish.io/

    Telegram: https://t.me/CelphishFinanceOfficial

  • Tether’s USDT is Expanding to Tezos Blockchain

    Tether’s USDT is Expanding to Tezos Blockchain

    Tezos (XTZ) cryptocurrency integrated circuit cover

    Key takeaways:

    • Tether Operations Limited (“Tether”) is launching its USDT stablecoin is on the Tezos blockchain
    • Tezos is a popular Proof-of-Stake smart contact platform launched in September 2018
    • With $83 billion in market cap, USDT is the world’s largest stablecoin, ahead of the second-palced USDC by roughly $30 billion

    The largest stablecoin in the industry is coming to Tezos

    Tether Operations Limited, the issuer and operator of the world’s largest stablecoin Tether (USDT), has announced the expansion of its flagship stable digital currency to Tezos, a rapidly growing Proof-of-Stake (PoS) blockchain. With the launch on Tezos (XTZ), USDT will provide liquidity on 13 crypto networks, including Ethereum, Avalanche, and Bitcoin’s Omni layer, to name a few.

    Tezos is a decentralized open-source smart contract platform that allows developers to build decentralized applications (dApps) using a modular approach, making the development process more efficient and faster. According to DeFi research platform DeFiLlama, Tezos’ TVL (total value locked) increased by 11% to $60.8 million in the last 7 days. Synthetic asset management protocol Youves (YOU) is the most popular app on Tezos, with a TVL of $22.3 million.

    Tether CTO Paolo Ardioni had this to say about USDT’s expansion to a new network:

    “We’re excited to launch USD₮ on Tezos, offering its growing and vibrant community access to the most liquid, stable, and trusted stablecoin in the digital token space. Tezos is coming fast onto the scene and we believe that this integration will be essential to its long-term growth.”

    The announcement of USDT launching on Tezos comes roughly two weeks after the stablecoin giant unveiled it is expanding to Polygon. Tether’s main fiat-based stablecoin competitor Circle quickly followed suit and added Polygon support for its USD Coin (USDC) earlier this week.

    USDT is the largest stablecoin in the space, boasting a market capitalization of more than $83 billion. For context, the second largest stable digital asset USDC boasts a market capitalization of over $53 billion.

  • Can Cashfi (CFI) Compete with Crypto Market Rulers Like Tezos (XTZ) and Aave (AAVE)

    Can Cashfi (CFI) Compete with Crypto Market Rulers Like Tezos (XTZ) and Aave (AAVE)

    With the revolution in the cryptocurrency market, many concepts have come to fruition to make the decentralized market more beneficial. Among those concepts, staking and lending caught the great attention of the masses. Rewards systems have been introduced to let investors earn more on the cryptocurrencies they are holding for a specified amount of time. 

    Borrowing and lending also rose to another level. Many crypto platforms offer borrowing and lending services, especially the cryptocurrency exchanges like Binance and others. Other than that, many crypto blockchains also offer stake and lending services. Tezos (XTZ) is a blockchain that provides its users to earn rewards by staking which means the amount of XTZ they are holding. On the other hand, Aave (AAVE) is a very well-known platform that offers borrowing and lending services in about 20 different cryptocurrencies to date. One of the flagship products of Aave (AAVE) is its flash loans which are termed the first uncollateralized loan option in the decentralized finance (DeFi) arena.

    Another such platform is in its making that will bring the liquid staking and lending concept to the next level. This crypto project is named CashFi (CFI) and is yet to launch officially. Let’s dive into this project at the perfect time to learn if it can topple popular existent projects like those mentioned above.

    CashFi (CFI) – A Next Generation DeFi Network

    CashFi (CFI) is a new generation decentralized network that will provide its investors with a wide range of asset classes through its distinctive fee-sharing approach. Some of these asset classes include liquid staking, NFTs, and synthetics. The mission is to provide the users with speedier, cost-effective, and more scalable services through the platform.

    Cooperation with different chains for off-chain interoperability will be a cornerstone of CashFi’s development.

    Market Landscape

    The developer’s team is determined to build the platform as an ideal ecosystem for providing top-tier services of liquid staking, NFTs, and synthetic assets. The team claims to have done deep research and assessment into the market before going for the first stride. Thus, they found that the interest of people is on the rise in Proof-of-Stake (PoS) cryptocurrencies and initiatives.

    A few market leaders in the PoS consensus system include Solana (SOL), Cardano (ADA), Algorand (ALGO), etc. Therefore, it’s pretty evident that the observation regarding people’s interest is up-to-the-mark as all these cryptocurrencies rank in the top 50s based on the market cap. The market cap represents the interest of people in these PoS-based cryptocurrencies. The PoS consensus system is better than the Proof-of-Work consensus system because it keeps the earth more energy-efficient and greener as compared to the latter one.

    The team tells that the liquid staking market is a market capitalization of $11.76 billion and has seen an almost 1100% increase in 2021 alone. Thus, CashFi (CFI) will also come up with its platform and development to enhance it even further by keeping the PoS consensus system in use and bringing such PoS-based cryptocurrencies into the DeFi ecosystem.

    CashFi’s (CFI) Ecosystem

    The core component of CashFi’s ecosystem will be the CFI staking to reduce illiquidity for staked commodities through the liquid staking phenomenon. Unlike the Proof-of-Work system, where the miners serve as the verifiers of transactions added to the blockchain, in the PoS system, the network participants stake (hold or lock up) their particular cryptocurrency and become validators of the network. These validators can now participate in the network’s consensus and verification process of transactions apart from earning rewards through staking.

    There’s another type of staking known as legacy staking but it has the following shortcomings:

    • Lesser yields
    • Asset inefficiency
    • Decreased security
    • No instant liquidity

    On the other hand, CashFi (CFI) staking will work on liquid staking phenomena to facilitate the PoS tokens in growing and thriving. Other than liquid staking, the team will also work on NFTs and their synthetic products named CFI Synths. CFI will be an ERC-20 token that will be used in governance, staking, bug bounty, holding, NFTs trading, etc.

    For more CashFi (CFI) information visit:

    Presale: https://enter.cashfi.finance/register

    Website: https://cashfi.finance/

    Telegram: https://t.me/CashFi_Token

  • Teszure Team Launches Plenty Bridge, a Decentralized Solution Connecting Ethereum and Tezos

    Teszure Team Launches Plenty Bridge, a Decentralized Solution Connecting Ethereum and Tezos

    Tezos (XTZ) blockchain cover

    Key takeaways:

    • Blockchain development team Teszure has launched the Plenty bridge connecting Ethereum and Tezos
    • The stability of the Plenty bridge is guaranteed by trusted and reputable members of the Tezos community
    • Bridges connecting Tezos with Avalanche, Polygon, and Binance Smart Chain are in the pipeline

    The Plenty bridge lets users transfer tokens between Ethereum and Tezos

    Teszure, a Web3 development studio focused on NFT and DeFi products and services, has launched the Plenty bridge – a decentralized token bridging solution connecting Ethereum and Tezos networks. Users of the Plenty bridge can send digital assets–including USDC, DAI, USDT, BUSD, WBTC, WETH, LINK, and MATIC–between the two popular blockchain platforms.

    Thanks to the improved finality of the Tezos blockchain introduced in the protocol’s last upgrade, the token transfer time has been cut down from roughly an hour to just 5 minutes.

    The new blockchain bridge is a part of the Plenty ecosystem, which features several decentralized finance (DeFi) use cases, including liquidity-providing options, token swaps, farming products, and PLENTY token staking.

    The so-called Signers Forum, a group of trusted Tezos community members, is tasked with providing stability and security of transactions on the Plenty bridge. At launch, the list of members includes Teszure, Integro Labs, Codecrafting Labs, MIDL.dev, Baking Bad, Madfish, and Tezos Ukraine.

    Tokens sent through the bridge are transformed into the following format: <bridged_asset>.<source_chain> (bridge tokens). The tokens can be used across the Tezos ecosystem as ERC20 representation of original tokens.

    Tezsure co-founders Bernd Oostrum and Om Malviya had this to say about the launch of the Plenty bridge:

    “The Ethereum bridge and the upcoming bridges from chains like Polygon, Avalanche, & BSC are key for the growth of the entire Tezos ecosystem. More bridges enable users from other chains to easily migrate their assets and try out all the innovation happening on Tezos.”

    According to the Teszure team, blockchain bridges for Avalanche, Polygon, and Binance Smart Chain are in the pipeline.

  • Tezos Hits 1000 TPS

    Tezos Hits 1000 TPS

    C:\Users\user\Desktop\Coin Codex\4th Week April\tezos-9e4cUWAnV78-unsplash.jpg

    Key Highlights: 

    • Improving Storage I/O Performance 
    • Optimized Merkle Proofs 
    • Improving Space Usage 
    • Interoperability Updates 

    The Tezos team has shared details on the latest network upgrade, which is set to further strengthen Tezos’ position as one of the top high-performance blockchain platforms. With the activation of Octez v13, Tezos can now process up to 1000 transactions per second (TPS). 

    In a detailed blog post on its main platform, Agora, the Tezos team explained how Irmin 3 and Octez v13 will effectively address current impediments to network performance. The coming upgrades are also set to improve the experience of Tezos developers. 

    Improving Storage I/O Performance 

    The Tezos team has been working hard on Irmin, the storage component of Octez. The team has introduced the structured keys feature, which makes it possible for the keys to retrieve data without accessing Irmin’s Index library every time. 

    To achieve its goals, the team has provided two indexing strategies, namely the minimal indexing strategy and the always indexing strategy. While the first strategy reduces the number of I/O calls required for blockchain operations, the second strategy reorganizes the initial indexing format for optimum performance. 

    With the works done in Octez v13, Tezos has reached one of its major goals of supporting up to 1000 transactions per second in the storage area. Compared to Octez 10, this is a massive 6x improvement. There is also a notable improvement in stability. The new update provides an impressive 12x improvement in the mean latency of operations. 

    Optimized Merkle Proofs 

    Tezos engineers are also working on optimizing Merkle Proofs, which is an excellent security and scalability mechanism. Used for encoding blockchain data and authenticating partial transaction states, Merkle proofs are being optimized to help save bandwidth when requesting and transmitting data. 

    Merkle Proofs are bound to be added to the Tezos codebase real soon. The team also informs the entire community that the Merkle proof API is used in The Rollups project. It is also expected to be part of the Jakarta protocol proposal. The API is already fixed with information from proof verifiers. 

    Improving Space Usage 

    There’s been a sustained effort to make the use of the Tezos blockchain more resource-efficient. From the detailed post published by the team, the effort has yielded impressive results. 

    The team has introduced a layered store feature, which basically means that it now organizes its infrastructure or Tezos node in two layers: 

    • Read-write layer – this layer contains the newest cycles of the blockchain, which are not final because they can be reorganized  
    • Read-only layer – this layer stores the older (frozen) data, which are final and cannot be reorganized  

    To optimize the function of the layered store feature, it is embedded with GC operation. This simply means that older cycles are periodically discarded to keep only recently used data on disk. The team worked hard on the feature in March, fixing bugs to ensure that it operates optimally, with minimal impact on the Tezos node. 

    Interoperability Update  

    This is the one that will impress Tezos developers the more – the platform is set for improved interoperability. In addition to C binding, Tezos has released Python and Rust bindings, and users can start experimenting with them right away. 

    With the recent upgrade, Irmin will work seamlessly with protocols that use Python and Rust. Of course, this is bound to attract a whole new audience of developers to Tezos and its products. It is also going to boost interoperability, which is really needed in the blockchain universe.  

    Buy/Sell Tezos
  • Major Game Publisher Ubisoft is Implementing NFTs into its Games, Starting with Tom Clancy’s Franchise

    Major Game Publisher Ubisoft is Implementing NFTs into its Games, Starting with Tom Clancy’s Franchise

    Key takeaways:

    • French game publisher Ubisoft, most well known for its Assassin’ Creed, Fary Cry, and Tom Clancy’s game franchises, is launching in-game NFTs on December 9
    • Ubisoft will become the first major gaming company to implement NFTs directly into one of its flagship games
    • Ubisoft Quartz NFTs will run on the Tezos blockchain for maximum energy efficiency

    Earlier in the year, French video game giant Ubisoft unveiled its plans to deepen its commitment to blockchain gaming during its Q2 earnings call. Ubisoft acted on its plans very quickly – the gaming company will launch a beta version of Ubisoft Quartz, a desktop NFT marketplace, on December 9.

    Ubisoft Quartz will let gamers earn, buy and sell in-game NFTs that run on Tezos blockchain

    The non-fungible token (NFT) marketplace Ubisfot Quartz will require gamers to be at least 18 years of age and have a Tezos wallet. The first game to sport in-game blockchain-powered digital collectibles will be Tom Clancy’s Ghost Recon Breakpoint, an online military first-person shooter set in an open world.

    Per the company’s press release, the NFT feature will first be available to players who have reached at least level 5 in the game and are from one of the following regions: Australia, Belgium, Brazil, Canada, France, Germany, Italy, Spain, and the United States.

    Eligible players can look forward to NFT drops called “Digits”, which will feature numerous in-game items, such as weapon skins, unique gaming model outfits, and various unique loadout options. The promotion for early adopters will feature several free drops, slated for December 9, 12, and 15. Additional promotions are planned for 2022.

    Nicolas Pouard, VP of Ubisoft’s Strategic Innovation Lab, spoke about the company’s blockchain ambitions:

    “Ubisoft Quartz is the first building block in our ambitious vision for developing a true metaverse. And it can’t come to life without overcoming blockchain’s early-form limitations for gaming, including scalability and energy consumption.”

    Players will have full control of their “Digits”, meaning they can choose to acquire and sell in-game cosmetic items on third-party NFT marketplaces, outside of the Ubisoft gaming ecosystem.

    Ubisoft is no stranger to blockchain gaming and NFTs. The company made significant investments in the space over the past year, such as Animoca Brands, and has participated in the process of founding the Blockchain Game Alliance, which is a global “organization that is committed to promoting blockchain within the game industry.” 

    Ubisoft’s venture into blockchain gaming couldn’t have come at a better time. In general, the crypto gaming sector has experienced exponential growth this year due to new monetization mechanics and metaverse hype, with certain gaming tokens reaching market capitalizations larger than their more established non-blockchain counterparts.

    The Ubisoft Quartz announcement trailer underscored the importance of the energy efficiency of the Tezos network and summarized the main benefits of the NFT-powered features.

    Following yesterday’s Ubisoft NFT announcement, the price of Tezos exploded. The value of XTZ jumped by nearly 25% in the last 24 hours and hit a five-week high of $5.81.

    Buy/Sell XTZ