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...
The Tarides team has 60+ people performing groundbreaking innovation, feature development and crucial maintenance of OCaml-based projects.
In January 2022, it was announced that OCaml Labs, an organization founded at the University of Cambridge by Prof. Anil Madhavapeddy in 2012 would be joining forces with Tarides ‘to bring OCaml – one of the most advanced programming languages in the world – into mainstream use’.
Some of the organizations they do work for include Jane Street, The Tezos Foundation and Hyper.
Jane Street, a well-known quantitative global trading firm adopted OCaml as its main programming language early on because ‘the language’s functional programming style and clear expressiveness made it possible for code reviews to be performed by traders who were not programmers, to verify that high-performance code would do what it was intended to do.’
In an announcement that was posted to the Tezos Agora discussion platform on April 21st, Thomas Gazagnaire (CTO of Tarides) said:
“Our work on improving the Irmin performance resulted in Tezos reaching 1000 TPS! With the release of Irmin 3 and Octez v13, transactions have become 5x faster than they were with Octez v12 (6x compared to Octez v10).
Additionally, we’ve further stabilised the storage layer and reduced the memory required by 80%. This is a great improvement for all the Tezos users (and especially bakers), as it will make the network more stable and the baking rewards much more predictable.”
Image shows: Comparison of the Transactions Per Second (TPS) performance between Octez 10, 11, 12, and 13 while replaying the 150k first blocks of the Hangzhou Protocol on Tezos Mainnet. Octez 13 reaches 1043 TPS on average which is a 6x improvement over Octez 10.
Irmin: a distributed database following the same principles as Git. It is described as an ‘OCaml library for building mergeable, branchable distributed data stores’.
One of the the great features of Irmin is that it is storage agnostic and it therefore can be used on top of your own storage layers.
Octez is the Tezos node implementation that uses Irmin to store the blockchain state, so Irmin is a core component of Octez that’s responsible for virtually all the filesystem operations.
At its core the Irmin system stores the Tezos blockchain ledger in the Octez node implementation. The Octez V13 version will enable Tezos to support over 1000 transactions per second (TPS) in the storage layer.
The upcoming Jakarta upgrade will be using the Merkle Proofs feature of Irmin in the transaction rollup project.
“This is a 6x improvement over Octez 10. Even better, this release also makes the storage layer orders of magnitude more stable with a 12x improvement in the mean latency of operations. At the same time, we reduced the memory usage by 80%. Now Octez requires a mere 400 MB of RAM to bootstrap nodes! “
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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”.
Fireblocks has announced the launch of its comprehensive support for Tezos. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.