Tezos Gears up with 1000 TPS as Octez v13 is Ready to Launch

The blockchain platform Tezos has hit the headline with a record of 1000 Transactions Per Second (TPS). This milestone is reported to be in connection with the upcoming Octez v13 release. Octez v13 is an implementation of the Tezos platform.

In detail, the 1000 TPS project was carried out by Tarides, an international software company. Tarides made developments in the storage I/O performance that will be present in the Octez v13. Additionally, the company’s work on the Irmin database also resulted in Tezos gearing up for 1000 TPS. Following the announcement of the release of Octez v13 and Irmin 3, Tezos transactions have reached 5x faster than with the Octez v12.

To note, Tarides has stabilized the storage layer and reduced the memory required by 80%. This is a significant improvement for all the Tezos users because it will make the network more stable and help earn rewards.

In a detailed blog post by Tezos Agora, it was explained that the company engineers developed Octez v13 and that significant changes were made to the network’s memory logistics in March 2022. This includes a reduction in the number of calls required for blockchain operations and reorganization of the data sequencing strategy. These new upgrades have increased the overall performance of the Tezos blockchain ecosystem.

However, besides the five-fold increase in TPS, engineers reported a 12x improvement and an 80% reduction in memory usage. Moreso, these features have already been introduced and will be available in the forthcoming Octez v13 upgrade.

Tezos is a self-upgradable and energy-efficient proof-of-stake (PoS) blockchain. It is an open-source platform that addresses key barriers facing blockchain adoption for assets and applications backed by validators, researchers, and builders. The blockchain platform is designed to provide the safety and code correctness required for assets and other high-value use cases.