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Tezos activates the Ithica 2 upgrade
Hassan Maishera - Cryptowisser
2022-04-04 11:44
The Tezos team announced via Twitter on Friday that it has activated its ninth upgrade called Ithica 2. Tezos added that Ithaca 2 replaces the consensus algorithm of Tezos with Tenderbake, lowering block times and improving finality. The team added that Ithaca 2 also introduces pre-checking, a lightweight validation scheme for the mempool which will increase overall throughput and reduce the requirement to become a network validator ("baker") by 25% from 8,000 XTZ to 6,000 XTZ, strengthening the decentralized nature of Tezos.
Tezos is a blockchain platform that supports smart contracts and dapps based on the idea of a digital commonwealth, in which governance is democratized in an efficient and sustainable manner to avoid costly hard-fork scenarios.
XTZ is down by 3.39% in the last 24 hours and is currently trading at $3.892 per coin.
Source: Twitter
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