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Tezos Protocol Evolution: The Paris A and B Upgrade Proposals
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.
By: XTZ News
1 April 2024
Disclaimer
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
If adopted, the Paris proposals will bring the following major updates and improvements to the Tezos protocol:
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.
The Paris B upgrade proposal introduces a major overhaul of Proof-of-Stake (PoS) fundamentals, with Adaptive Issuance, Staking and Adaptive Slashing.
Adaptive Issuance ties token issuance to an on-chain market for staked funds. Staking enables a new staker role compatible with the pre-existing Liquid PoS mechanism.
Adaptive Slashing refines the slashing mechanism to differentiate between sporadic incidents arising from involuntary errors, from malicious, sustained attacks.
All these features put together mean that Tezos pioneers a more efficient and dynamic approach to PoS consensus.
By comparison, Paris A does not include these features. Instead, it offers bakers the possibility to vote for activating them later, via a dedicated on-chain signalling mechanism.
A Closer Look At The Paris Upgrade Proposals
Nomadic Labs, in collaboration with Marigold, TriliTech, and Functori, has announced the completion of the Tezos Paris A and Paris B protocol upgrade proposals. These proposals, distinguished by their hash identifiers: PtParisA6ruu136piHaBC7cQLDP87JEqtczJWP2pLa5QCELGBH5 and PtParisBQscdCm6Cfow6ndeU6wKJyA3aV1j4D3gQBQMsTQyJCrz respectively, offer significant advancements to the Tezos ecosystem.
We are happy to announce that two protocol upgrade proposals for #Tezos, Paris A and Paris B, are ready!
Both Paris A and Paris B aim to enhance the efficiency and functionality of the Tezos blockchain. Key features of these proposals include:
Reduced Latency and Faster Finality: The implementation of 10-second block times promises lower latency and quicker finality without compromising the network’s decentralization or security.
Data Availability Layer (DAL): This critical addition to the Mainnet boosts the scalability of Smart Rollups, such as Etherlink, by providing increased throughput and data bandwidth. Tezos Layer 1 now has the capability to attest the publication of data residing outside of Layer 1 blocks, significantly enhancing overall performance.
Refinements to Tezos Proof-of-Stake (PoS): Both proposals introduce improvements to the PoS mechanism, streamlining the process of acquiring and updating baking rights. These refinements aim to enhance network efficiency and security.
Paris B goes further with the inclusion of Adaptive Issuance, Staking, and Adaptive Slashing. These features represent a substantial overhaul of Tezos PoS fundamentals, introducing mechanisms for dynamically adjusting token issuance, enhancing stakeholder participation, and refining slashing penalties to differentiate between inadvertent errors and malicious behavior.
Paris A, on the other hand, offers bakers the opportunity to vote for the activation of these features at a later stage via a dedicated on-chain signaling mechanism. This approach allows for ongoing deliberation within the community regarding the adoption of these advanced features.
Both proposals provide detailed technical insights and further information is available on the Nomadic Labs blog post. Additionally, representatives from Tezos ecosystem adoption teams are available for inquiries and discussions.
The implementation of these protocol upgrades underscores Tezos’ commitment to continuous improvement and innovation. With Paris A and Paris B, Tezos pioneers a more efficient and dynamic approach to blockchain consensus and scalability, setting the stage for a brighter future in decentralized finance and beyond.
Today, Tezos X has been unveiled, presenting a forward-looking vision for Tezos that marks a significant evolution from its original design. According to the official blog, this vision addresses some of the most fundamental issues in the blockchain space, aiming to enhance usability and utility while maintaining the core properties of blockchain technology.
On June 19th, the Tezos community took a significant step forward with the activation of Adaptive Issuance and a new staking mechanism on the Tezos mainnet. This enhancement, introduced with the Paris protocol upgrade, aims to improve network security and provide more incentives for users to participate in staking. Now, a week into its implementation, the Tezos community is beginning to experience the benefits and changes brought by this update.
Tezos protocol’s sixteenth upgrade, Paris, was activated on Mainnet on June 4th, 2024. Tezos is a pioneering blockchain known for its self-amending capabilities and community-driven, on-chain governance system. The upgrade makes the Tezos blockchain faster, more scalable, more robust, and continues its tradition of community-driven development and innovation.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
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Today, Tezos X has been unveiled, presenting a forward-looking vision for Tezos that marks a significant evolution from its original design. According to the official blog, this vision addresses some of the most fundamental issues in the blockchain space, aiming to enhance usability and utility while maintaining the core properties of blockchain technology.
On June 19th, the Tezos community took a significant step forward with the activation of Adaptive Issuance and a new staking mechanism on the Tezos mainnet. This enhancement, introduced with the Paris protocol upgrade, aims to improve network security and provide more incentives for users to participate in staking. Now, a week into its implementation, the Tezos community is beginning to experience the benefits and changes brought by this update.
Tezos protocol’s sixteenth upgrade, Paris, was activated on Mainnet on June 4th, 2024. Tezos is a pioneering blockchain known for its self-amending capabilities and community-driven, on-chain governance system. The upgrade makes the Tezos blockchain faster, more scalable, more robust, and continues its tradition of community-driven development and innovation.
