10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Proposed Consensus Algorithm Tenderbake Is Launched On Tezos Testnet

The proposed consensus algorithm ‘Tenderbake’, which will likely feature in an amendment upgrade proposal in the near future has been launched on testnet.


Tenderbake, a proposed consensus algorithm change that is expected to feature in an upcoming Tezos amendment upgrade  in the future has been launched on Tezos testnet.

As this will be a very large change to the Tezos blockchain, effectively changing and optimizing the existing Emmy+ consensus algorithm, it is likely that the testnet will be running for a fairly long time to make sure it is robust.

Tenderbake has been created with the involvement of many highly skilled research teams, including: French Government entity CEA List, who are part of the CEA, otherwise known as the French Alternative Energies And Atomic Energy Commission.

Other teams include Nomadic Labs and members of Université Paris-Saclay amongst others. The French Alternative Energies And Atomic Energy Commission have an annual budget of 5 billion and have over 20,000 employees.

It will change the Tezos consensus algorithm from a Nakamoto style algorithm (Emmy +), to  a BFT-style algorithm (Tenderbake).

Some Tezos developers are already running the Tenderbake testnet as seen here:

Tenderbake Benefits

Tenderbake will enable Tezos to have near-instant finality when it comes to confirming transactions. This will be similar to how Tendermint performs on Cosmos, which is what Tenderbake is based on.

Users can be sure their transactions are finalized as soon as a block is created (which is not the case in Proof-of-Work blockchains like Bitcoin and Ethereum).

Nomadic Labs gave estimates on the improvements in terms of finality and speed here:

Tenderbake is also fast, in the sense that it has a small (quick) time to finality: under typical good network conditions, and making a standard assumption of an attacker (“byzantine”) stake of at most 33% — meaning that at most 1/3 of the network is trying to undermine correct behaviour:

in Tenderbake, one would expect to wait less than 1 minute for a block to be considered final, whereas
in Emmy+, one would expect to wait at least 6 minutes.

Another benefit of Tenderbake will be increased TPS (Transactions Per Second). It’s hard to know exactly how much Tenderbake will increase the TPS on Tezos, however there have been some ‘guestimates’ published online:

Both these benefits will enable Tezos to become more scalable in the future, making transactions multitudes faster.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.

Other News

View More
Acurast And Tezos
18 October 2023

Acurast Announces the Launch of Tezos Native Integration, Expanding Beyond Ghost-Net

Acurast, a platform that helps developers build zero-trust apps, announces the launch of its Tezos native integration.

Read More
12 October 2023

Deloitte Luxembourg becomes Corporate Baker on Tezos

Deloitte Luxembourg announces that it will become a Tezos Corporate Baker. As a Corporate Baker, Deloitte Luxembourg will be responsible for validating, securing and adding transactions (blocks) to the Tezos blockchain. This new position allows Deloitte Luxembourg and Tezos to explore synergies in Web3-related topics, alongside other ecosystem stakeholders.

Read More
29 September 2023

Van Gogh Digital Collectibles Mark a New Partnership Between The Tezos Foundation and Musée d’Orsay

This partnership signals an innovative foray into the realm of digital art collectibles, anchored by a forthcoming exhibition on Vincent van Gogh. Scheduled to commence on October 3, 2023, the highly anticipated exhibition is titled “Van Gogh in Auvers-sur-Oise: The Final Months”.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.