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Tezos blockchain upgrade significantly drops operating costs creating new opportunities for Decentralized Finance applications.
Tezos Blockchain "Delphi" Upgrade Significantly Enhances the Attractiveness of Decentralized Finance Applications
The Tezos blockchain recently completed an important upgrade called "Delphi", which significantly reduced the operational costs of the network, creating favorable conditions for developers to deploy complex applications, especially in the decentralized finance ( DeFi ) field.
After the upgrade, the Gas consumption of the Tezos network has decreased by about 75%, and storage costs have also dropped by 4 times. This means that developers can deploy more complex smart contracts and applications on Tezos without worrying about high operational costs.
An industry expert pointed out that this upgrade, combined with the regular upgrade characteristics of Tezos, has made Tezos a mature Decentralized Finance development environment. In fact, the significant decrease in Gas fees is crucial for the development of DeFi applications.
Similar to other blockchains, the Gas fees on Tezos reflect the computational complexity required to execute operations. The difference is that Gas on Tezos is free in itself and is mainly used as a mechanism to limit excessive consumption of computing power by applications. However, users still need to pay corresponding fees based on the amount of Gas required for the operations.
By reducing gas consumption, the "Delphi" upgrade makes it easier and more economical to deploy complex Decentralized Finance smart contracts on Tezos. The head of one of the core development teams behind this upgrade emphasized that the significant decrease in gas costs greatly enhances Tezos's attractiveness for DeFi applications.
He also added that the new and more frequent protocol upgrade cadence adopted by Tezos will keep it at the forefront in terms of performance improvements, integration of new technologies, and development of new use cases.
As early as the beginning of October this year, Tezos began testing in the Decentralized Finance space, being considered one of the strong competitors among mainstream blockchain platforms. It now appears that this upgrade has further strengthened Tezos's competitiveness in the Decentralized Finance sector.
Overall, the "Delphi" upgrade not only significantly reduced the operational costs of Tezos but also paved the way for attracting more DeFi application developers to the network, potentially driving further development and prosperity of the Tezos ecosystem.