The Tezos network completes the "Delphi" upgrade, significantly drops Gas costs

Recently, the Tezos blockchain network successfully implemented an important upgrade called "Delphi". The main goal of this upgrade is to attract more application developers, especially in the decentralized finance space, by significantly dropping the Gas costs required for operations.

According to the latest data, after the Delphi upgrade, the Gas consumption of the Tezos network has dropped by about 75%. This improvement is primarily due to a series of optimizations to the blockchain Michelson language interpreter. At the same time, storage costs have also dropped by as much as 4 times.

Industry experts indicate that the significant drop in Gas costs, combined with the regularization of the Tezos network upgrade, has led to a mature DeFi development environment. Similar to Ethereum, the Gas fees on Tezos reflect the computational complexity required to perform specific operations. The difference is that Gas on Tezos is free itself and mainly serves as a mechanism to limit the excessive consumption of computational power by applications. However, users still need to pay the corresponding fees based on the amount of Gas required for operations.

In addition, Tezos has limits on the maximum Gas value per operation and the total Gas per block. Therefore, by dropping Gas consumption, the Delphi upgrade makes it easier and more economical to deploy more complex smart contracts in advanced applications such as DeFi.

One of the core teams involved in the development of the Delphi upgrade emphasized the importance of low Gas costs for DeFi applications. They believe that with the implementation of the Delphi upgrade, the appeal of the Tezos protocol in DeFi applications and complex smart contract experiments has significantly increased.

Experts also point out that the more frequent protocol upgrade rhythm adopted by Tezos will help it maintain a leading position in improving performance, integrating new technologies, and encouraging new use cases. As early as the beginning of October, Tezos had already started testing for DeFi, being regarded as one of the main competitors to Ethereum. Now it seems that this upgrade has undoubtedly enhanced Tezos's competitiveness in this field.

With the continuous development of the DeFi ecosystem, major blockchain platforms are actively optimizing their performance to attract more developers and users. Tezos's recent Delphi upgrade is indeed timely, giving it a competitive edge in an increasingly fierce environment. In the future, we have reason to expect more remarkable performances from Tezos in the DeFi space.