Tezos Quebec Upgrade: Faster Transactions, Enhanced Security, and Increased Staking Rewards
Tezos Quebec Upgrade: A Significant Leap Forward
The Tezos blockchain has significantly enhanced its speed and long-term sustainability with the successful activation of its 17th protocol upgrade, Quebec. This upgrade, a collaborative effort by Nomadic Labs, Trilitech, and Functori, introduces several key improvements, aligning with the Tezos X roadmap for a unified and robust network.
Key Improvements from the Quebec Upgrade:
- Faster Transaction Finality: Block time reduced from 10 seconds to 8 seconds, resulting in transaction finality within 16 seconds.
- Enhanced Network Security: Bakers (validators) can now accept up to 9x their own stake in external funds, strengthening the network's security.
- Increased Staking Rewards: Staking rewards are now 3x higher than delegation rewards (previously 2x), incentivizing participation and network security.
- Optimized Inflation: Staking rewards are meticulously managed through the Adaptive Issuance mechanism to minimize inflation and ensure long-term network health.
These advancements make Tezos an even more attractive platform for payments, gaming, and other applications requiring fast and secure transactions. Importantly, these performance gains haven't increased the hardware requirements for bakers, preserving the network's decentralized and inclusive nature.
Yann Régis-Gianas, Head of Engineering at Nomadic Labs, stated, "Quebec makes Tezos faster, economically stronger, and more attractive for staking—all without sacrificing decentralization. It's a testament to the protocol developers' dedication and a crucial step toward Tezos X."
Improved Staking Mechanics and Tokenomics:
The Quebec upgrade refines the Adaptive Issuance mechanism, further minimizing inflation while maintaining sufficient incentives for securing the network. The increased limit on external stake accepted by bakers promotes broader participation and strengthens security against centralization.
Tezos X and Ecosystem Growth:
The successful implementation of Quebec is a major step toward realizing the Tezos X vision. This upgrade showcases Tezos' commitment to continuous improvement and innovation. This announcement follows the recent launch of the uranium.io marketplace on Etherlink, highlighting the growing Tezos ecosystem and its focus on real-world asset tokenization.
About Tezos
Tezos is an open-source, energy-efficient blockchain designed for secure and scalable decentralized applications. Known for its strong governance, long-term upgradability, and smart contract capabilities, Tezos is a robust and adaptable platform for institutions and developers.
Codeum: Your Partner in Blockchain Security
Codeum provides comprehensive blockchain security and development services, including smart contract audits, KYC verification, custom smart contract and DApp development, tokenomics and security consulting, and partnerships with launchpads and crypto agencies. We help ensure the security and success of your blockchain projects.