After the successful activation of the Oxford 2 protocol on February 9, the Tezos Blockchain community is buzzing again.
This time it’s about the Paris Protocol proposals – Paris A and Paris B – each promising significant improvements over the Tezos Protocol.
These proposals, identified by their hash keys, aim to introduce lower latency, faster finality and critical updates to the Proof-of-Stake (PoS) mechanism.
Let’s delve into the complexity of these proposals and their significance for the future of Tezos.
Updates and major improvements to the Tezos blockchain
Both Paris A and Paris B offer substantial improvements to the Tezos protocol, including:
- Lower latency and higher speed: By reducing block times to just 10 seconds, both proposals aim to improve transaction speed and network efficiency without compromising decentralization or security.
- Activating the Data Availability Layer (DAL): The introduction of DAL to Mainnet will revolutionize scalability, with Smart Rollups such as Etherlink particularly benefiting, significantly increasing throughput and bandwidth.
- Refinement of Tezos PoS: Both proposals include improvements to Tezos PoS, with the aim of simplifying the acquisition and updating of baking permissions while simplifying the calculation.
Paris B introduces Adaptive Issuance, Staking and Adaptive Slashing immediately after protocol activation. These features represent a significant overhaul of the Tezos PoS mechanism, adapting it for real-world use and improving the security of the chain.
Paris A, on the other hand, offers bakers the opportunity to vote for the activation of these functions at a later time via a signaling mechanism in the chain. This mechanism allows for a more gradual adoption process, allowing bakers to assess the impact of these features before implementing them.
Most important features
- Adaptive release: This mechanism regulates the protocol’s issuance of tez based on the ratio of tez staked to total supply, incentivizing participants to stake funds to maintain a target ratio defined by the protocol.
- Episode: The proposals from Paris introduce a new role – the striker – allowing participants to contribute to a baker’s deposit without giving up custody of their money. The deposited money may be reduced in case of misconduct.
- Adaptive cutting: this feature improves the slash mechanism to distinguish between innocent mistakes and intentional attacks, ensuring fair punishments based on the judge’s total effort.
Paris A offers a more deliberative approach, allowing the feature to be activated via a voting mechanism. Paris B, on the other hand, activates Adaptive Issuance, Staking and Adaptive Slashing immediately after activating the protocol, providing a faster implementation path.
Both proposals from Paris include further improvements to Tezos PoS, independent of Adaptive Issuance, Staking and Adaptive Slashing.
These changes simplify the calculation of batch rights and reduce various delays and grace periods, optimizing network efficiency.
Conclusions
The Paris Protocol proposals mark an exciting chapter in the evolution of the Tezos blockchain. With innovations aimed at improving speed, scalability and security, Tezos continues to consolidate its position as a leading blockchain platform.
Whether it is the gradual adoption offered by Paris A or the immediate implementation of Paris B, the future looks promising for Tezos and its vibrant community.
While we eagerly await the outcome of these proposals, we will continue to work together and build a better future for Tezos together.
Join the conversation on Tezos Discord and stay tuned for further updates in the #baking-announcements channel. The journey ahead is full of possibilities and together we can shape the next phase of Tezos’ journey.