Following the successful activation of the Nairobi protocol on June 24, seven teams — Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori — have collaboratively unveiled the latest protocol proposal for Tezos, named ‘Oxford’.
Following the successful activation of the Nairobi protocol on June 24, seven teams — Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori — have collaboratively unveiled the latest protocol proposal for Tezos, named ‘Oxford’.
Named after the world’s second-oldest university, this proposal comes with a myriad of changes aimed at refining the staking economics and other functional areas of the Tezos blockchain.
The proposal ensures that major changes, such as the Adaptive Issuance and the new Staking mechanism, will not be immediately activated if adopted. Instead, bakers will have the opportunity to express their position through a separate vote.
While the protocol proposal introduces numerous changes, it emphasizes that their implementation is subject to community consensus. If the Oxford proposal garners approval, the community will have a continuous signaling vote to decide on activating specific features.
This approach ensures that the Tezos community can assess and discuss the adoption of each feature independently, without affecting the overall protocol amendment process. To guarantee a significant consensus, the activation of these guarded features requires an 80% approval rate from the community.
With the introduction of the Oxford proposal, Tezos demonstrates its continuous commitment to evolve and adapt according to the needs of its community and the broader blockchain landscape. For those willing to participate in consensus after this upgrade, it will be essential to upgrade to Octez v18.0 or later.
The release candidate for Octez v18.0 is slated for publication soon, followed by the launch of a dedicated protocol test network, Oxfordnet, to allow community testing.
Tweets Highlighted:
Nomadic Labs tweeted their enthusiasm for the 15th protocol upgrade proposal, acknowledging the collaborative efforts of seven prominent teams.
Nomadic Labs also shared an overview of other notable changes in the Oxford proposal, emphasizing refinements to PoS penalties and rewards, the reintroduction of safer Timelocks, and further improvements to Smart Rollups.
Splint Invest, a cutting-edge alternative investment platform crafted in Switzerland, has integrated with the Tezos blockchain, further cementing its commitment to providing decentralized finance (DeFi) opportunities to its users.
Following the successful activation of the Nairobi protocol on June 24, seven teams — Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori — have collaboratively unveiled the latest protocol proposal for Tezos, named ‘Oxford’.
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The Tezos blockchain has marked a significant milestone with the successful activation of its 14th protocol upgrade, Nairobi, which went live at block #3,760,129 on June 24, 2023, at 00:07:10 UTC.
Simultaneously, the Tezos ecosystem is expanding with the launch of the Tezos Ecosystem DAO.
Seven separate Tezos teams from four different countries have introduced the 13th Tezos protocol upgrade proposal: Mumbai.
Features include: Smart Rollups on mainnet, a zk-rollup solution on testnet, and validation pipelining to reduce block times to 15 seconds.
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Lower latency and faster finality with 10s block times without compromising decentralization or security.
The activation of the Data Availability Layer (the DAL) on Mainnet, boosting throughput and scalability of Smart Rollups with the capacity to support millions of transactions.
Tezos, a leading blockchain platform renowned for its self-amending capabilities and community-driven governance, has successfully activated Oxford 2, its fifteenth core protocol upgrade. The Oxford 2 upgrade includes enhancements to Smart Rollups and chain security and ensures Tezos remains at the forefront of blockchain innovation.
Tezos has witnessed spirited discussions regarding two prominent upgrade proposals: Oslo and Oxford. Both proposals introduce ‘Adaptive Issuance’ (AI) – a fresh take on staking concepts.