Etherlink Launches Calypso Upgrade for Enhanced Tezos Layer 2 Performance
Etherlink has rolled out its third protocol upgrade, calypso, on the mainnet. This upgrade significantly boosts the performance of the Tezos layer 2 network. The Ethereum Virtual Machine-compatible solution, built on Tezos (XTZ), went live on March 12. It follows a triumphant testnet deployment a few weeks earlier.
The journey to mainnet involved a governance vote by Tezos bakers, crucial ecosystem players.After approval, Calypso was deployed, bringing enhanced speed, resilience, and efficiency for developers of decentralized applications. It also means faster XTZ withdrawals from Etherlink to Tezos.
Etherlink’s non-custodial platform, powered by Tezos smart rollup technology, supports seamless dApp integration and Ethereum ecosystem tools.The latest upgrade could boost performance by up to 30x, a significant leap for decentralized finance and exchanges.
Calypso improves smart contract storage and governance. It sets the stage for better non-custodial and trustless token bridging.Users can now bridge XTZ between Tezos L1 and Etherlink more efficiently. “Calypso introduces a new precompiled contract entrypoint, paving the way for much faster withdrawals,” Tezos noted.
Etherlink introduced its alpha testnet in 2023 and beta in early 2024. Future plans include integrating oracle price feeds and a decentralized sequencer. Simultaneously occurring, Tezos recently activated its 17th upgrade, Quebec, enhancing transactions, staking, and token issuance.
