• Tezos has released its scaling solution, the Mumbai Upgrade, which enables it to process up to 1 million transactions per second.
• The upgrade introduces Tezos to the world of optimistic rollups and features WebAssembly execution environment for developers.
• Other protocols like Polygon (MATIC) and Cardano (ADA) are also investing in research to scale their own networks.
Tezos Implements ‚Mumbai‘ Upgrade
Tezos has released its proprietary scaling solution through the Mumbai Upgrade, allowing over 1 million transactions per second. This move joins the likes of Polygon and Cardano who have also invested in scaling their protocols. The thirteenth core protocol upgrade of Tezos is prioritizing scaling solutions with Smart Rollup technology, ensuring decentralization potential is not sacrificed.
WebAssembly Execution Environment For Developers
The Mumbai Upgrade provides a WebAssembly execution environment for developers to deploy applications written in general-purpose languages as well as EVM-compatible codes. This allows decentralized applications (dApps) to benefit from dedicated hardware resources while maintaining security and network integrity via Layer 1 on Tezos main chain.
Scaling Solutions From Other Protocols
Other major protocols such as Polygon (MATIC) and Cardano (ADA) are also working towards scalability solutions in order to match mainstream payment outfits like Visa and Mastercard. Polygon has launched its own scaling protocol called “Polygon Network” for more efficient transaction processing speed with cheaper gas fees than Ethereum’s layer-1 blockchain network. Cardano is also implementing an ambitious project called “Ouroboros Hydra” that will improve scalability by utilizing sharding technology on its blockchain network.
Blockchain Scaling Bottleneck
The subject of scaling a blockchain protocol remains one of the major bottlenecks most protocols are battling today, despite innovative features offered by blockchain technology which still fall behind mainstream payment options like Visa and Mastercard. To accommodate this need for change, many protocols have invested in research to scale up their networks accordingly.
Conclusion
Tezos‘ Mumbai upgrade serves as a great milestone towards better scalability solutions without sacrificing decentralization potential or security/network integrity. With other protocols such as Polygon (MATIC), and Cardano (ADA) stepping up their game when it comes to research into scalability solutions, we may see even higher numbers soon enough!