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- The Mumbai proposal disables Transaction Optimistic Rollups (TORUs) on Mainnet.
Tezos is a free and open-source blockchain platform that makes it easier to develop and maintain decentralized software and smart contracts. It employs an original system of governance called “On-Chain Governance” that gives token holders the ability to vote on protocol updates and modifications. This makes it possible for protocol development to take a more decentralized and community-driven approach.
The latest Tezos protocol proposal from Nomadic Labs, a well-known blockchain developer within the Tezos community, is known as “Mumbai,” and it is currently prepared for implementation.
The key feature of the proposed protocol change, according to the post, would enable smart rollups and allow anyone to develop decentralized Web Assembly applications. Additionally, it offers a strong scalability solution, giving customers access to dedicated networking and processing resources.
Additionally, block propagation durations have been slashed, bringing the block time down to 15 seconds. Additionally, a new facility that permits the transfer of tickets across user accounts in Mumbai has been enabled.
Tezos co-founder Arthur Breitman hailed the most recent upgrade to the well-liked proof-of-stake blockchain as one of the most revolutionary. He claimed that this upgrade is the largest so far in a tweet.
By introducing smart rollups, which are backed by the core protocol and enable completely configurable app chains, he argues it delivers unprecedented scalability. To further solidify Tezos’ technical leadership in the sector, a number of other advancements have also been made.
The Mumbai plan also disables Transaction Optimistic Rollups (TORUs) on Mainnet. The very first optimistic rollup implementation and a critical initial stage of the scalability strategy were TORUs, which were enabled on Mainnet as of Jakarta in mid-2022.
Transaction rollups were designed to be a temporary solution when they were first introduced. Considering that Smart Rollups offer the same functionality as transaction rollups, sticking with transaction rollups makes little sense now that they have been introduced on the Tezos Mainnet.
In accordance with a post, upgrading to Octez version 16.0 or higher will be necessary to take part in the consensus if “Mumbai “is chosen by the community. The test network for the protocol, Mumbainet, is about to become live, and an Octez v16.0 release candidate will be accessible soon.
With the adoption of Nomadic Labs “Mumbai “proposal, the Tezos protocol is about to make a significant advancement. This idea is projected to make the Tezos protocol one of the most potent and effective blockchain protocols available. The decentralized ecosystem has made significant progress, which is wonderful news for the Tezos community.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
