Tezos Implements Tallinn Upgrade, Reducing Block Time to 6 Seconds
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
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Source: Coinmarketcap
- Protocol Upgrade: Tezos implemented its 20th protocol upgrade, Tallinn, on Saturday, reducing base layer block times to 6 seconds, which not only enhances network finality speed but also lowers storage costs and latency, improving overall network performance.
- Validation Mechanism Optimization: The upgrade allows all network validators, known as “bakers,” to attest to every block rather than a subset, achieved through BLS cryptographic signatures, significantly lightening the load on nodes and enabling further reductions in block time.
- Storage Efficiency Improvement: The newly introduced address indexing mechanism removes redundant address data, improving storage efficiency for applications running on Tezos by a factor of 100, optimizing resource utilization and supporting a wider range of applications.
- Enhanced Market Competitiveness: By increasing transaction processing speeds and reducing settlement times, Tezos' latest upgrade showcases its competitiveness in the rapidly growing blockchain market, capable of meeting the rising demand for transactions and diverse use cases.
Analyst Views on ETH
Wall Street analysts forecast ETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
