Etherlink has deployed its third protocol improve, Calypso, on mainnet to carry an enormous efficiency enhance to the Tezos layer 2 community.
The Ethereum Digital Machine-compatible layer 2 answer constructed on Tezos (XTZ) introduced the Calypso improve was dwell on the mainnet on March 12, coming just a few weeks after the EVM-compatible L2 deployed on testnet.
The highway to mainnet included a governance vote by Tezos bakers, key ecosystem elements that work alongside Tezos nodes.
Following approval for the mainnet launch, Calypso has efficiently deployed to carry enhancements similar to enhanced community pace, resilience, and effectivity to builders of decentralized purposes. Deployment additionally means quicker XTZ withdrawals from Etherlink to Tezos.
Learn extra: Tezos’ Etherlink L2 booms with 184% surge in contract deployments, Messari This autumn 2024 report reveals
Etherlink’s non-custodial platform, powered by the Tezos sensible rollup know-how, permits for frictionless integration of dApps and helps Ethereum ecosystem instruments similar to wallets and indexers. With its newest improve going dwell on mainnet, its efficiency may see as much as a 30x enhance — important numbers on the planet of decentralized finance and exchanges.
Calypso additionally means improved sensible contract storage and governance updates. It lays the muse for enhancements to non-custodial and trustless token bridging.
Because it stands, customers can bridge the native Tezos token tez from the layer 1 chain to Etherlink and again. Bridging XTZ from Etherlink to Tezos L1 is known as withdrawing, whereas bridging XTZ from the layer 1 chain to the Etherlink community is known as depositing. In each circumstances, XTZ is the native token on each chains.
“Shifting tez from Etherlink to Tezos L1 presently can really feel like ready in site visitors. Calypso introduces a brand new precompiled contract entrypoint, which lays the groundwork for a lot quicker withdrawals,” Tezos stated in February forward of this mainnet rollout.
Etherlink launched its alpha testnet in 2023 and beta in early 2024, with key roadmap milestones together with the combination of oracle value feeds, the LayerZero bridge, and a decentralized sequencer.
In the meantime, Tezos not too long ago deployed its seventeenth improve with the activation of Quebec, which launched quicker transactions, rolled out improved staking mechanics and bolstered token issuance.
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