Tezos network successfully launches its seventh network upgrade known as Granada.
The upgrade intends to cut block times by half, decrease smart contract gas consumption by 3-6 times, and introduce liquidity banking.
Tezos has completed its seventh network upgrade dubbed “Granada.” The update cuts block times by half and reduces smart contract gas consumption by 3-6 times. It also introduces a new feature of liquidity banking.
Notably, Granada, named so after a Spanish city, is the third successful upgrade to occur on the Tezos blockchain this year. All upgrades on the network have been forkless, and disruption-free due to the time-tested on-chain governance. This unique feature has brought in substantial growth for Tezos, with network activity increasing by 1,200 percent.
In May, the self-upgradeable blockchain adopted its sixth network upgrade named Florence. In the same month, contract calls surpassed the 1 million per month line. By July, the figures had hit over 2.5 million
