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Tezos Announces Hangzhou — The Newest Upgrade Proposal

Published 09/21/2021, 09:33 AM
Updated 09/21/2021, 10:00 AM
Tezos Announces Hangzhou — The Newest Upgrade Proposal
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  • Tezos announced the newest upgrade proposal named Hangzhou
  • The upgrade will enable new technical tools, patches, and extend liquidity baking
  • The Hangzhou upgrade will prepare the stage for the upcoming Tenderbake update

Tezos recently announced a new upgrade proposal. They named it after Hangzhou — a location in China’s Zhejiang province that’s known to be a major global tech and innovation hub. The upgrade proposal includes major improvements to Tezos.

Tezos is one of the earliest Proof-of-Stake blockchains. It’s also one of the networks that have on-chain governance that lets the network upgrade without performing a hard fork.

While platforms like Cardano are still starting to implement smart contracts, Tezos consistently improves its decentralized network with major updates. The Hangzhou proposal is a predecessor to the upcoming Tenderbake consensus upgrade and will present new technical tools and patches.

The upgrade prop...

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