Tezos, a blockchain platform, has set a new record of 1000 Transactions Per Second (TPS). This milestone is said to be related to the future Octez v13 release. Octez v13 is a Tezos platform implementation.
Tarides, a multinational software business, completed the 1000 TPS project in detail. Tarides made advancements in storage I/O performance that will be included in Octez v13. Tezos is also preparing for 1000 TPS as a result of the company’s work on the Irmin database. Following the announcement of the release of Octez v13 and Irmin 3, Tezos transactions have increased by 5x compared to Octez v12.
Tarides have stabilised the storage layer and decreased memory requirements by 80%. This is a huge benefit for all Tezos users since it will make the network more reliable and will aid in the earning of rewards.
Tezos Agora highlighted in detail in a blog post that the firm engineers created Octez v13 and that major adjustments were made to the network’s memory logistics in March 2022. This involves reducing the amount of calls necessary for blockchain activities as well as reorganising the data sequencing approach. The Tezos blockchain ecosystem’s overall performance has improved as a result of these new enhancements.
Aside from the five-fold boost in TPS, engineers also observed a 12x improvement and an 80% reduction in memory consumption. Furthermore, these improvements have already been introduced and will be included in the upcoming Octez v13 update.
Tezos is a proof-of-stake (PoS) blockchain that is self-upgradable and energy-efficient. It’s an open-source platform backed by validators, academics, and builders that overcomes significant hurdles to blockchain adoption for assets and applications. The blockchain platform is built to provide the security and code integrity necessary for high-value assets and other applications.