Etherlink has launched its third protocol upgrade, Calypso, on the mainnet, bringing a significant performance boost to the Tezos layer 2 network.
Path to Mainnet Deployment
The Calypso protocol went live on mainnet on March 12 after a successful governance vote by key ecosystem components known as 'bakers'.
Benefits of Calypso Upgrade
Calypso introduces improvements like enhanced network speed, resilience, and efficiency for decentralized application developers. It also enables faster XTZ withdrawals from Etherlink to Tezos. Other updates include improved smart contract storage and governance mechanisms.
Future Developments for Etherlink
Etherlink introduced its alpha testnet in 2023 and beta in early 2024, with key milestones including oracle price feed integration, the LayerZero bridge, and a decentralized sequencer.
Recent upgrades to Etherlink and Tezos strengthen their market position, offering more opportunities for developers and users of decentralized applications.
