“Tezos X,” a collection of technology enhancements that the Tezos blockchain development teams released, is expected to result in a “huge boost in performance, composability and interoperability.” A distinct “canonical rollup” for transaction execution is proposed in the roadmap, which lays out a development schedule for the following two years. This rollup is intended to facilitate “atomic transactions across smart contracts written in different programming languages.” The consensus and settlement base layer would be the main Tezos blockchain.
Developer teams from Nomadic Labs, TriliTech, and Functori collaborated on this post. The husband-and-wife partnership of Arthur and Kathleen Breitman launched Tezos, which at one point was regarded as one of the most promising smart-contract blockchain projects to challenge Ethereum. In 2017, the company raised an unprecedented $232 million in an ICO. However, despite having a token market value of $749 million—roughly the 80th largest project according to latest data—the project has failed to remain in the top ranks. 92% of the native XTZ token has dropped from its peak. A blog post claims that developers began pushing for the Tezos network to be scaled up in 2022.
As stated in the essay, “fundamental to this approach are Smart Rollups, a scaling technology where transactions are executed by an optimised and dedicated second layer, with layer-1 blockchain ensuring consensus and settlement.” An additional crucial component of Tezos is a specific data-availability layer on the primary network.
With transaction execution delegated to auxiliary layer-2 networks, Ethereum’s scaling efforts over the last few years are reminiscent of the new plan. To fulfil tasks not addressed by the main Ethereum chain, including effectively storing massive amounts of data, new “modular” components have appeared.
“In order to scale and maintain decentralisation, Tezos has evolved from a monolithic to a modular design, where interconnected groups of nodes take on different roles – all the while maintaining an integrated experience for builders and users,” the post states.
Unlike Ethereum, which uses numerous layer-2 networks to conduct transaction execution, Tezos’ design may handle it with a single rollup. “In theory, one rollup is all that’s needed to meet the requirements of all but the most extreme use cases,” the article begins. “That’s what Tezos X envisions: the creation of a single canonical rollup able to handle – and massively expand – all activity on the Tezos network.” This approach anticipates the canonical rollup in 2026.