Tezos wants to overshadow Ethereum – The famous French blockchain Tezos has just released its update called « Edo ». In addition to a few minor bug fixes, it aims to integrate a number of privacy-friendly features on the network.
Looking for anonymity?
Development of the Edo update began in December 2020, just weeks after the previous Delphi update was deployed.
As usual, the Tezos team likes to remind every update that the Tezos network is one of the blockchain networks with the most updates.
« The Tezos blockchain currently allows for protocol updates every several months, and we intend to take advantage of all of these opportunities in the near future by quickly integrating the best technology available within Tezos. »
Improvements at all levels
In fact, the Edo update contains minor bug fixes and various optimizations regarding gas costs. In addition, more advanced functions are added to the catalogue of new features.
For starters, there is the « adoption period », a period of time before a protocol evolution is deployed. Until now, changes have been applied immediately after they have been voted, which has occasionally led to temporary upgrade problems on the network.
In addition, the Edo update introduces « Sapling », a feature related to smart contracts, which will apply to various applications, such as voting or supporting asset transactions with selective disclosures, i.e. anonymous transactions.
Finally, Edo introduces « Tickets », which is currently only available in beta version. This is a mechanism allowing smart contracts to grant authorizations to other smart contracts or to issue tokens.
A long-term fight
In addition to these on-chain protocol improvements, the second layer solutions developed on Tezos are also evolving towards more privacy-by-design.
For example, Bolt Labs has just unveiled a solution implementing zkChannels (Zero-knowledge channel) that will allow anonymous transfers. This feature will be directly available with the USDtz stablecoin, as well as all StableTez assets, namely tokenized versions of the BTC, ETH, and soon the euro and gold.
While Ethereum struggles with its transaction costs, Tezos continues to develop ever more innovative solutions to hope to surpass the queen of smart contract blockchains.
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