Tezos Announces Record 1,000,000 TPS Upgrade at Their TezDev Event

Tezos the provably green “Proof of Stake” protocol has become a hub for some of the most innovative and groundbreaking new dApps. To celebrate the diversity of projects and teams, tezos tezos - [email protected] Blockchain Network just held a networking event in Paris, France called TezDev. This was a chance for teams and developers working on the Tezos protocol to get together, to share ideas and hear the latest news about the protocol.

The event saw 400 registrants participating in the three day event, which featured talks about the future of Tezos. Some of Tezos core developers introduced news of the WASM and EVM optimistic rollups, which would help the protocol to reach 1,000,000 transactions per second by the middle of next year. 

Tezos Speeding up Transactions

This is a milestone for the protocol and generally for the blockchain as it represents an exceedingly fast rate of processing. The news was unveiled during a talk entitled “Scaling Tezos with Rollups” by software engineers yann regisgianas yann regisgianas Yann Regis-Gianas Developer/Programmer , nomadic labs nomadic labs - Tech & Design (Software) , and hans hoglund hans hoglund Hans Hoglund Other , trilitech trilitech - Tech & Design (Software)Consultation Services . This will be achieved with a combination of a data availability layer and optimistic rollups in next year’s protocol upgrades.  The path of these upgrades is all agreed and voted on by Tezos token holders. This milestone was also mentioned by Tezos co-founder Arthur Breitman Arthur Breitman Arthur Breitman is a French-born well-known influencer in blockchain networks. In 2014, he co-founded Tezos (XTZ) along with his wife, Kathleen Breitman. It is a self-amending decentralized blockchain platform. Quick Facts Full name Arthur Breitman Birth 1985 in France Nationality French Education Ph.D. in computer science from New York University Marital Status Married to Kaitlin Breitman Net Worth $400 million (refer here) Before founding Tezos, he worked at Morgan Stanley and Goldman Sachs as a quantitative analyst. Further, he worked as a research engineer for Google X and Waymo. Arthur created Tezos as a governance-centered blockchain that enables on-chain advancements without the need for forks. His works in smart contracts, blockchain governance, and decentralized finance (DeFi) have established him as a significant innovator in Web3 projects. He also collaborated with various experts for the growth of blockchain innovations. Arthur Breitman - Career Timeline & Events 2010 – Worked as a quantitative analyst at Goldman Sachs, focusing on financial modeling. 2013 – Joined Morgan Stanley as a research engineer, working on financial and blockchain technologies. 2014 – Published the Tezos whitepaper, introducing a self-amending blockchain concept. 2017 – Launched the Tezos ICO, raising over $232 million, one of the biggest blockchain fundraisers. 2018 – Tezos mainnet went live, bringing on-chain governance and smart contracts to the market. 2020 – Tezos expanded DeFi and NFT capabilities, attracting developers and enterprises. 2021 – Led Tezos upgrades, enhancing scalability, security, and transaction speed. 2022 – Tezos became a major platform for eco-friendly NFTs, used by top brands. 2023 – Advocated for blockchain adoption in enterprise solutions and tokenized assets. 2024 – Continues to drive Tezos ecosystem growth, focusing on Web3 innovations. Useful Links to Connect With Arthur Breitman Platform Link X (formerly Twitter) Arthur B. 🌮 (@ArthurB) / X LinkedIn Tezos | LinkedIn Github Tezos · GitHub Medium profile Arthur Breitman – Medium Entrepreneur in his keynote speech entitled “Why Build on Tezos?”

A big week for Tezos, as in addition to the popular event, the protocol listed USDT for the first time. It also saw its native token listed on the Bittrex exchange. A list of all Tezos projects can be found here.