Tezos Successfully Deploys 17th Protocol Upgrade, Quebec
Tezos has achieved a significant milestone with the successful implementation of its 17th protocol upgrade, Quebec. This upgrade introduces several key improvements, including faster transaction speeds, enhanced staking mechanics, and refinements to token issuance. The primary goal of these upgrades is to enhance the blockchain’s functionality and sustainability.
Key Upgrades and Improvements
The Quebec upgrade was developed by teams at Nomadic Labs, Trilitech, and Functori, and was approved through Tezos’ on-chain governance system. One of the key changes in this upgrade is the reduction of block time from 10 seconds to 8 seconds. This allows transactions to reach finality in just 16 seconds, making Tezos a strong candidate for applications where speed is essential, such as payments and gaming.
Importantly, these performance improvements do not increase hardware requirements, allowing validators, known as bakers, to continue participating in the network using affordable infrastructure.
Enhanced Staking Mechanics
The upgrade also brings changes to Tezos’ staking system. Staking, which allows users to lock up tokens to secure the network and earn rewards, has been made more accessible. With the Quebec upgrade, bakers can now accept external stakes up to nine times their own stakeβan increase from the previous limit of five. This adjustment strengthens network security by making staking more attractive to participants.
Additionally, Quebec refines Tezos’ Adaptive Issuance mechanism, which was introduced in a prior update. The improved system better balances staking rewards with inflation control. Active participants in staking now earn three times the yield compared to delegators, up from the previous ratio of two times.
Tips for Tezos Staking Participants
Here are some key takeaways for Tezos staking participants:
- Increased external stake limit: Bakers can now accept external stakes up to nine times their own stake.
- Improved staking rewards: Active participants in staking now earn three times the yield compared to delegators.
- No increased hardware requirements: Validators can continue participating in the network using affordable infrastructure.
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As the cryptocurrency landscape continues to evolve, it’s essential to stay informed about the latest developments and upgrades in the space.