Stephanie Douse 
Tezos, a proof-of-stake blockchain, has launched its ninth upgrade, which alters the protocol’s consensus process. The proof-of-stake blockchain’s consensus algorithm has been modified to improve block times and performance.
The proof-of-stake blockchain has launched its ninth upgrade, which alters the protocol’s consensus process.
The upgrade, code-named Ithaca 2, replaces the current consensus method, known as Emmy, with Tenderbake, which enables speedier transactions and smoother-running applications, according to a press release.
Ithaca 2 prepares the Tezos blockchain for scalability efforts, such as rollups for WebAssembly and Ethereum Virtual Machine (EVM) compatibility, as well as pre-checking, a validation scheme that boosts throughput, in addition to Tenderbake.
According to the press release, the Ithaca 2 upgrade would cut the cost of becoming a network validator by 25%, from 8,000 tez to 6,000 tez, further increasing the network’s decentralization.
The proof-of-stake blockchain smart contract calls have jumped from 100,000 per month in January 2021 to over 6.2 million in January 2022.
According to a report, the price of Tezos’ XTZ currency has grown 4.6 percent to $3.92 in the previous 24 hours, while other cryptocurrencies have gained modestly.