Research Summary
This report discusses a conversation between Arthur Breitman, Co-Founder of the Tezos blockchain, and Nicolas Steschinsky, Head of DeFi at TriliTech, about Tezos’ scalability approach. The discussion focused on Tezos’ unique enshrined roll-ups and their newly developed data availability solution. The report also highlights Tezos’ roadmap, emphasizing its commitment to enhancing developer experience, throughput, and latency.
Key Takeaways
Tezos’ Unique Approach to Scalability
- Enshrined Rollups: Unlike Ethereum and other Alternative Layer-1s, Tezos has chosen to enshrine roll-ups into their layer-1 protocol. This means they are part of the core protocol itself, not deployed as smart contracts on the layer-1 blockchain. This approach offers several benefits, including native code execution, self-amending protocol, diverse language support, and strong governance.
- Data Availability: Tezos prioritizes data availability, referring to the ability of all network participants to access and verify the data stored on the blockchain. Their new data availability solution, currently operating on testnet, consists of Data Availability Committees (DACs) and a Data Availability Layer (DAL). This solution is primarily based on data sharding, which spreads bandwidth across the entire network, contributing to network throughput.
Tezos’ Roadmap
- Enhancing Developer Experience: Tezos aims to make it easy for developers to build on their platform by supporting mainstream programming languages and improving language interoperability. This will allow developers to use familiar tools and combine different languages in their smart contracts.
- Increasing Throughput: Tezos has demonstrated the capability of processing 1 million transactions per second and aims to achieve higher throughput through vertical scaling. This will enable Tezos to handle a large volume of transactions without compromising performance or scalability.
- Reducing Latency: Tezos is working to improve its platform’s latency so that transactions can be finalized in as little as 100 to 200 milliseconds. This will make Tezos more attractive for applications requiring fast transaction speeds.
Actionable Insights
- Investigate the Potential of Tezos’ Scalability Approach: Tezos’ unique approach to scalability, particularly its use of enshrined roll-ups and its focus on data availability, could offer significant advantages in terms of security, performance, and flexibility. Stakeholders should consider these factors when evaluating blockchain platforms.
- Consider the Implications of Tezos’ Roadmap: Tezos’ commitment to enhancing developer experience, increasing throughput, and reducing latency could make it a more attractive platform for developers and businesses. Stakeholders should consider how these improvements could impact their operations and strategic planning.
