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Tezos blockchain activates Babylon 2.0 update

Today, on the Tezos platform, the Babylon 2.0 protocol update proposed by Cryptium Labs and Nomadic Labs will be activated, The Block reports. According to the founder of Cryptium Labs, 80.1% of network participants voted on the proposal (more than the required quorum of 74.7%), 86.27% voted in favor. The third update of the Tezos blockchain protocol will change the network consensus algorithm, the functionality of smart contracts and the control mechanism. One […]

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Today, on the Tezos platform, the Babylon 2.0 protocol update proposed by Cryptium Labs and Nomadic Labs will be activated, The Block reports.

According to the founder of Cryptium Labs, 80.1% of network participants voted on the proposal (more than the required quorum of 74.7%), 86.27% voted in favor.

The third update of the Tezos blockchain protocol will change the network consensus algorithm, the functionality of smart contracts and the control mechanism.

One of the changes is intended to simplify the development of smart contracts, making the code simpler and cleaner.

The reward system for bakers (network validators) will change, encouraging them to maximize participation in block approval.

In addition, it will become easier to delegate XTZ coins to bakers to bake new ones. Previously, users created special KT1 addresses for this. After the update, it will be possible to delegate funds from the main address.

Recall that in September XTZ was added to the listing by the largest cryptocurrency exchange Binance.

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DeFi

El Fundador de Ethereum Critica el Modelo DeFi en Terra

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El Fundador de Ethereum Critica el Modelo DeFi en Terra

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La Vieja Guardia del Foro Económico Mundial Advierte a las Empresas de Criptomonedas

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Ronin Network Planea Reabrir Tras Dos Meses del Hackeo de 600 Millones de Dólares

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Ronin Network Planea Reabrir Tras Dos Meses de Hackeo de 600 Millones de Dólares

La Ronin Network de Sky Mavis pone al día a su comunidad sobre los planes de reapertura de la red tras la brecha de seguridad que sufrió en marzo y que provocó la pérdida de activos por valor de unos 600 millones de dólares. 

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