TechFlow news, according to CoinDesk, the proof-of-stake blockchain Tezos development team has unveiled a series of technical upgrades named "Tezos X," aiming to significantly enhance performance, composability, and interoperability. According to the roadmap, within the next two years, Tezos will offload transaction execution to a separate "canonical rollup" that supports atomic transactions for smart contracts written in multiple programming languages. The mainchain will serve as the base layer for consensus and settlement.
Founded by Arthur and Kathleen Breitman, Tezos raised a record $232 million through an initial coin offering (ICO) in 2017. However, despite once being regarded as one of the promising smart contract blockchain projects poised to challenge Ethereum, Tezos has seen its market position decline in recent years. It currently has a market capitalization of approximately $749 million, ranking around 80th. Its native token XTZ has dropped 92% from its all-time high.
