Source/LongHash
The newly upgraded "Delphi" on Tezos has greatly improved its blockchain's attractiveness for DeFi applications.
summary
summary
Tezos blockchain successfully implements "Delphi" upgrade;
After the upgrade, Gas consumption is reduced by about 75%;
Developers can deploy more complex smart contracts and applications, such as DeFi.
On November 12th, the Tezos blockchain successfully implemented a new upgrade called "Delphi". According to the announcement, the upgrade is designed to make the network attractive for more application development — including decentralized finance (DeFi) — by drastically reducing the gas costs required to operate.
Through a series of improvements to the blockchain Michelson language interpreter, the Delphi upgrade will reduce Gas consumption by about 75%. In addition, storage costs are reduced by a factor of 4.
Hugo Renaudin, co-founder of LGO Group and founder of Bender Labs, pointed out: “Combine the gas reduction achieved by this upgrade with the normalization of the upgrade, and the Tezos DeFi development environment is mature.”
Like on Ethereum, Tezos’ gas fees reflect the computational complexity required to perform any given operation. The more complex the operation, the more Gas it consumes. Unlike Ethereum, Gas on Tezos is not used for direct payment of fees - it is free and is mainly used as a limit to prevent applications from consuming too much computing power. However, the fee is still paid separately, based on the Gas required for an operation.
At the same time, Tezos will limit the maximum Gas value of a single operation, and each block will also have a total Gas limit. Therefore, by reducing Gas consumption, the Delphi upgrade can make it easier to deploy more complex smart contracts in advanced applications such as DeFi.
Marigold is one of Delphi's core development teams, and its chief developer Gabriel Alfour emphasized the importance of low Gas costs for DeFi applications.
Alfour told Decrypt: "With the implementation of the Delphi upgrade, the gas cost has been greatly reduced, and the Tezos protocol has greatly increased its attractiveness for DeFi applications and experiments with complex smart contracts."
He added that this new, more frequent cadence of protocol upgrades "will keep Tezos firmly on the cutting edge of improving performance, incorporating new technologies, and encouraging new use cases."
This article was first published in English by Decrypt on November 12, and Decrypt authorized LongHash to translate and publish the Chinese version.
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