- Private smart rollups expand possibilities for Tezos Layer 2 developers
- Upgraded version of Timelocks makes your applications more secure
Tezos, a leading blockchain platform known for its self-correcting capabilities and community-driven governance, has been successfully activated oxford 2, its 15th core protocol upgrade. Oxford 2 upgrades include smart rollups and chain security enhancements, ensuring Tezos remains at the forefront of blockchain innovation.
Oxford 2 upgrade introduces private smart rollups to Tezos. In other words, developers of layer 2 solutions: Additional privacy level When deploying rollups on-chain. smart roll up Launched in 2023 as a layer 2 scaling solution for Tezos. Oxford 2 also includes adjustments to the Proof-of-Stake mechanism, improving the staking UX and making significant penalty adjustments, and re-enables the use of his Timelocks in Tezos smart contracts. .
Tezos has consistently been at the forefront of blockchain innovation, and the Oxford 2 upgrade builds on the platform’s strengths, as our community developer team gears up for release this year. It paves the way for more versatile and efficient blockchain networks. ether linkEVM-compatible Layer 2 built on Tezos and powered by Smart Rollups.
Key features of the Oxford 2 upgrade include:
Private smart rollups help developer flexibility at layer 2
idea of private smart rollup This was born out of our work with financial institutions that had specific privacy requirements. These companies often have strict compliance requirements when sharing customer data. So the developer proposed a small change to the protocol that would allow Smart He Rollup developers to visualize data and optionally define a whitelist of allowed operators.
Use cases for private smart rollups could include a consortium of banks working on auditable payments or a group of developers deploying a beta rollup. In both cases, whitelisting protects data on layer 2 to selected operators.
A smoother staking UX for Tezos bakers
The Oxford 2 upgrade introduces an automated staking mechanism for bakeries, allowing them to better manage their staked funds.
Timelock has been re-enabled
time lockThe new design and implementation addresses security concerns that were temporarily disabled in previous protocol upgrades. Timelocks can be used in Tezos smart contracts to reduce the risk of Maximal Extractable Value (MEV) or other forms of so-called front-running attacks. For example, timelocks are valuable when building a decentralized exchange on top of Tezos.
Slash penalties for double-signed blocks are now proportional to the validator’s stake
Developers, businesses, and enthusiasts alike can explore the possibilities unlocked by Oxford 2 Upgrade. Tezos is committed to fostering an open and collaborative environment and continues to set the standard for decentralized innovation.
According to Tezos Blockchain Governance Rules, Oxford 2 upgrade is verified and approved By the community. Experts from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori contributed to this upgrade.
For more information about Tezos and Oxford 2 upgrades, please visit: www.tezos.com
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