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The blockchain di Tezos completa l’aggiornamento Paris ed introduce il Data Availability Layer (DAL)

Tezos celebrated “Paris”, the sixteenth update of its blockchain, introducing a Data Availability Layer (DAL) and simultaneously achieving an increase in scalability, with better performance in terms of L2 transaction execution and block times.

All this allows for the exploitation of new functionalities and use cases in the on-chain world, such as in the gaming sector, in digital ticketing, and generally in all those services that require high throughput.

The crypto XTZ seems to have responded well to the news, recording a +3.18% in the last 24 hours.

Let’s see everything in detail below.

Tezos Upgrade: the blockchain increases L2 throughput and unlocks new use cases

The cryptographic network of Tezos officially completed the “Paris” upgrade on June 4 at 21:29:25 UTC, with the validatori of the infrastructure downloading the latest version of the software, adding very interesting new features.

This is the sixteenth upgrade of the Tezos blockchain, and one of the most important because it significantly improves the scalability factor, aligning the historic network with the changing needs of the cryptographic world.

The update “Paris” introduces an essential element in the new on-chain architecture of the network, namely the Data-Availability Layer (DAL).

We talk about a data availability infrastructure, which allows storing information from L1 and L2 (and vice versa), promotes a decentralized, open, and reliable network, and at the same time with better participation in terms of hardware requirements and bandwidth.

By activating the DAL, the Tezos blockchain manages to significantly increase the throughput of the Smart Rollup supported on it, such as Etherlink, allowing for the handling of a much larger volume of transactions and reducing the waiting times for block validation.

In particular, according to what was reported by the project team, the “block time” will be reduced from the initial 15 seconds to 10 seconds, adding better latency and finality, ensuring a smoother user experience, without compromising the reliability and security of the network (always referring to L1 Tezos).

This advantage allows Tezos to open up to new use cases, exploring the sector of gaming, cryptographic ticketing, and all those services that require a high volume of transactions.

In all this, the data of the rollup remain accessible and verifiable, supporting a wide range of decentralized applications (dApp).

Overall, the increase in scalability makes the blockchain more appealing both for developers and for users, opening up to new stimuli in the web3 world and approaching the performance of other competing networks such as Solana.

Source: https://tezos.gitlab.io/shell/dal_overview.html

Another advantage brought with Paris is the introduction of the so-called “Adaptive issuance” within the Proof-of-Stake, with the aim of better aligning with the needs of DeFi and improving the security of the chain.

The adaptive issuance proposes that the number of XTZ coins issued by the POS is not fixed, but variable based on the needs of the protocol, implementing static and dynamic rates.

This process reduces the need for centralized exchanges to engage as validators of the chain, in addition to allowing greater compatibility with the external real world, avoiding administrative complications and potential regulatory impacts.

Furthermore, the new staking mechanism increases the amount of funds locked in Tezos’ Proof-of-Stake, making the network more secure.

Analysis and forecasts of the crypto XTZ

Despite the excellent progress made by the Tezos team to bring the latest improvements in the rollup and DA field within their blockchain, the crypto XTZ does not seem to show particularly encouraging performance in the market.

The main token of the Tezos ecosystem, in the bull market of 2021 grew by about 500% calculating the price variation from March 2020 to the peak of October 2021, but during the current bull run it does not seem to have woken up yet.

XTZ still marks an 88% drawdown from the highs, despite having grown by approximately 45% from the October 2023 low.

The prices remain below the EMA 50, highlighting a lack of interest from investors who are betting on new projects, leaving aside the old workhorses.

Despite all this, it is possible that XTZ will register a positive performance in the coming months, especially if the Tezos team continues to update to keep up with innovations in the blockchain world.

In a similar scenario, even excluding the surpassing of old historical highs, we can at least imagine a recovery of the 4 dollar threshold and the achievement of a moment of popularity for the project within the broad cryptographic landscape.

In support of the bullish theses, it is worth noting the presence of a bullish divergence on the RSI, between the lows of December 2022 and those of September 2023.

tezos xtz price chart
Weekly chart of Tezos price (XTZ/USD), Bitfinex market

XTZ is positioned at the 91st place within the CoinMarketCap ranking, with a capitalization of 937 million dollars and a volume in the last 24 hours of 26 million dollars.

Alessandro Adami
Alessandro Adami
Graduated in "Information, Media and Advertising", for over 4 years interested in the cryptocurrency and blockchain space. Co-Founder of Tokenparty, community active in spreading crypto-enthusiasm. Co-founder of Legal Hackers Civitanova marche. Information technology consultant. Ethereum Fan Boy and supporter of Chainlink oracles, strongly believes that smart contracts will be central in the development of society.