Tezos Considers One Of Its Biggest Upgrade Proposals Yet, Jakarta

Named after Indonesia’s capital city, the Jakarta upgrade proposal introduces transaction optimistic rollups as scalability solutions, develops a safer Sapling integration, introduces toggle voting for liquidity baking subsidies, and the tracking of ‘tickets’ on the Tezos protocol.

According to a Nomadic Labs post, the Jakarta proposal will launch its testnet, Jakartanet, in the coming days with bakers, developers, indexers, and other users welcomed to use the platform before voting.

Tezos blockchain’s 10th major upgrade proposal

Over the past few years, Tezos has welcomed constant upgrades and updates at the protocol level in a bid to expand the Tezos’ DApp ecosystem.

The previous nine major upgrades have decreased the transaction times and reduced the gas costs, giving builders more opportunities to develop atop the Tezos blockchain. This has led to increased user adoption and value growth in its ecosystem, with the decentralized finance (DeFi) and non-fungible token (NFT) markets on Tezos doubling in value over the past year.

The Jakarta upgrade proposes the introduction of Transaction Optimistic Rollups (TORUs), which are a layer 2 scalability solution.

These rollups enable higher transaction throughput (TPS) by moving the validation of transactions away from the main blockchain to a ‘Layer 2’ hence lightening the mempool on the main chain.

The TORUs will be an experimental feature that will allow the fast exchange of tokens and added efficiency in other functionalities.

To optimize the notion of ownership on the Tezos protocol, the Jakarta upgrade introduces ‘ticket hardening’, a mechanism for explicitly tracking ownership of tickets.

Tickets are a way for smart contracts to authenticate data with respect to a Tezos address. Now, users can explicitly track ownership of their tickets on the platform with the new upgrades.

This will boost the security of tickets, providing extra protection against forging them and facilitating layer 2 solutions that use tickets to represent assets on the main chain such as TORUs.