Private smart rollup introduced in Oxford 2
The Oxford 2 upgrade introduces the concept of private smart rollups, allowing developers of layer 2 solutions to choose an additional layer of privacy when deploying rollups on-chain. This innovation comes from collaboration with financial institutions with specific privacy requirements, allowing smart rollup developers to define a whitelist of authorized operators with data visibility. Use cases for private smart rollups include auditable payments for a consortium of banks and beta rollup deployments for a group of developers, both of which scenarios benefit from Layer 2 data protection. Masu.
Staking UX and time lock improvements
Oxford 2 has tweaked the proof-of-stake mechanism to improve the staking user experience and improve slash penalties. Additionally, this upgrade reinstates the use of timelocks in Tezos smart contracts. The automated staking mechanism introduced for bakeries streamlines the management of staked funds and provides a smoother process.
Consistent innovation at Tezos
Tezos has been a consistent pioneer in blockchain innovation, and the Oxford 2 upgrade further strengthens the platform’s strengths. This sets the stage for the launch of Etherlink, his EVM-compatible Layer 2 built on Tezos and powered by Smart Rollups, scheduled for later this year.
Collaborative governance and community recognition
The Oxford 2 upgrade complies with Tezos blockchain governance rules and has been verified and approved by the community. Key contributors to this upgrade include experts from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori.
Tezos is committed to fostering an open and collaborative environment and continues to set the standard for decentralized innovation. Developers, businesses, and enthusiasts are encouraged to explore the new possibilities unlocked by the Oxford 2 upgrade. This latest advancement demonstrates Tezos’ dedication to providing a versatile and efficient blockchain network and further strengthens its position in the ever-evolving blockchain landscape.