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In a recent video released by Tezos, the concept of smart rollups is explained in detail. These rollups offer a powerful Layer 2 scaling solution on Tezos, dramatically increasing transaction capacity while maintaining security. The video highlights the key features and advantages of this technology, starting with the basics.
By: XTZ News
6 September 2024
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Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
The video was transcribed using the whisper-1 model via OpenAI API.
In a recent video released by Tezos, the concept of smart rollups is explained in detail. These rollups offer a powerful Layer 2 scaling solution on Tezos, dramatically increasing transaction capacity while maintaining security. The video highlights the key features and advantages of this technology, starting with the basics.
“Smart rollups are a layer 2 scaling solution on Tezos. They greatly increase transaction capacity by moving computation from layer 1 to a dedicated infrastructure. Tezos smart rollups are optimistic and they are enshrined in the protocol. They can also be either public or private. Smart rollups can be written in any language that compiles to WASM.”
Rollups provide a significant boost to blockchain scalability, allowing off-chain computation while committing results to the Layer 1 blockchain periodically. As the video explains:
“Rollups are a layer 2 solution to scale computation that inherits security guarantees of the main blockchain. Computations are executed off-chain and a summary of the results is committed periodically to the layer 1 blockchain. Rollups enable a massive increase in transaction throughput. For example, teams working on Tezos achieve 1 million transactions per second using rollup technology.”
Tezos smart rollups operate under an optimistic model, where users are responsible for verifying transactions. The video elaborates:
“Tezos smart rollups are optimistic. In optimistic rollups, anyone can post a commitment to the result of a computation to the layer 1 blockchain. These commitments are considered valid if they are not refuted within a set period, around 2 weeks on Tezos. It’s up to users to verify if commitments are valid and to challenge them if they are not by providing fraud proofs. If fraud is confirmed, the challenger receives a reward and the fraudulent party loses their staked tokens.”
This approach ensures that:
“In a nutshell, all transactions are valid unless proven otherwise. Only one honest node is needed to ensure the validity of the state of an optimistic rollup.”
A distinctive feature of Tezos smart rollups is their enshrinement in the protocol, making them integral to the blockchain’s architecture:
“Smart rollups are enshrined on Tezos. That means that they are first class citizens and that the rollup validation logic is built into the protocol. That also means that the layer 1 protocol can provide common, open infrastructure to all rollups, like the message inbox and the logic for refutation games.”
This built-in infrastructure provides developers with ease of deployment:
“This allows developers to deploy and run smart rollups right out of the box. It’s much easier and more secure than recreating the entire infrastructure every time with smart contracts.”
Additionally, the open-source nature of Tezos makes rollup management transparent:
“Anybody can check the logic behind rollup management because the Tezos protocol itself is open source. Any changes to the rollup management logic also need to go through the Tezos governance process and be voted on by the community.”
Tezos offers flexibility with smart rollups, supporting both public and private variants:
“Tezos supports both public and private smart rollups. Public rollups are permissionless, meaning anyone can be an operator and help verify the security of the rollup state. Private rollups, on the other hand, are permissioned. This means that the rollup originator can limit the set of operators who can verify the state and contribute to the rollup security. This feature is useful in cases where the state of the rollup needs to be protected.”
Furthermore, the rollup originator has the option to control access:
“When you originate a smart rollup on Tezos, you can specify if it will be public or private. It’s possible to later make a private rollup public, but not the other way around.”
To dive deeper into the technical aspects and features of Tezos smart rollups, the video concludes by encouraging viewers to explore further:
“To learn more about all things Tezos, please subscribe to this channel and check the links in the description.”
In a recent video released by Tezos, the concept of smart rollups is explained in detail. These rollups offer a powerful Layer 2 scaling solution on Tezos, dramatically increasing transaction capacity while maintaining security. The video highlights the key features and advantages of this technology, starting with the basics.
In a significant stride toward enhancing the Tezos ecosystem, the Tezos Foundation has extended its support to Blockscout, a reputable open-source block explorer. This backing aims to fortify Etherlink, a prominent EVM-compatible Layer-2 blockchain built on Tezos, by providing a dedicated mainnet and testnet block explorer. Concurrently, RedStone Oracles has integrated into the Etherlink ecosystem, heralding a new era of DeFi expansion.
Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.
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.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
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In a significant stride toward enhancing the Tezos ecosystem, the Tezos Foundation has extended its support to Blockscout, a reputable open-source block explorer. This backing aims to fortify Etherlink, a prominent EVM-compatible Layer-2 blockchain built on Tezos, by providing a dedicated mainnet and testnet block explorer. Concurrently, RedStone Oracles has integrated into the Etherlink ecosystem, heralding a new era of DeFi expansion.
Etherlink, the Tezos blockchain’s latest Layer 2 solution, is set to redefine the landscape of decentralized applications (DApps) with its upcoming mainnet launch in March 2024. This EVM-compatible, optimistic rollup distinguishes itself from other external Layer 2 platforms like Arbitrum, Optimism, and Polygon, due to its unique enshrinement within the Tezos blockchain.
