Tezos Foundation, the non-profit organization promoting the Tezos Protocol development, has announced the successful upgrade of its network.
According to the announcement today, the recent upgrade from Carthage to Delphi that occurred at block 1,212,417 would enhance the network’s Michelson interpreter and gas model’s performance.
Delphi would help reduce storage cost by a factor of four and facilitate applications on Tezos in areas like decentralized finance (DeFi), gaming, and collectibles.
The recent upgrade was launched after members of the Tezos community requested an interim upgrade of the network to usher in gas improvement to support smart contract developers. The move would enable developers to create more smart contracts. Other minor bugs fixes were also added to the upgrade.
The Delphi upgrade is developed to serve as an interim improvement of the network, as Tezos plans to inject another upgrade proposal later this year.
The anticipated proposal, which will follow suit by early December, will support features on the Dalphanet test network such as baking accounts, sapling, etc.
Since Tezos was launched in 2018, this is the fourth time the network has evolved, as Delphi follows other upgrades such as Athens, Babylon, and Carthage.
Tezos’ efforts in releasing useful updates since its launch have not gone unnoticed, as the project keeps recording notable milestones.
In August, the Tezos blockchain saw an improvement in a ranking conducted by China’s Center for Information and Industry Development (CCID) to evaluate existing blockchain projects.
In the report, the Tezos protocol moved from its previous 35th position to 23rd, showing that the network keeps adding significant updates where necessary to remain relevant in the industry.
In September, the French government, through the developers of its experimental Central Bank Digital Currency (CBDC) program, said the Tezos blockchain would power the project.