Tezos incorporates Seoul update, introducing protocol-native multisignatures and swifter finality.
The Tezos network has recently activated its 19th upgrade, named Seoul. This significant update, developed collaboratively by the teams at Nomadic Labs, Trilitech, and Functori, aims to improve operational efficiency and serve as an important on-ramp for institutions.
Yann Régis-Gianas, Head of Engineering at Nomadic Labs, stated that protocol-native multisigs offer a real leap forward in usability, security, and affordability. With Seoul, Tezos positions itself as a Proof-of-Stake (PoS) chain with native, auditable multisig controls, making it more attractive for institutions.
One of the key features of Seoul is aggregated attestations. This innovation reduces bandwidth and storage requirements for a key validation task by up to 63 times, slashing requirements from roughly 900 MB per day to about 14 MB per day. Aggregated attestations also open the door to lower latency and faster finality on the Tezos network.
Seoul's automation of the finalization step in unstaking operations allows funds to become available automatically after the waiting period, enabling one-click unstaking from the user perspective. This efficiency gain reduces operating costs for node operators and bakers.
The multisig functionality and aggregated attestations in Seoul utilize BLS signatures, a cryptographic scheme that combines multiple signatures without compromising security or verifiability. Offering multisigs at the protocol level allows more users to benefit from institutional-grade security.
Moreover, Seoul introduces protocol-native multisignature accounts, efficiency improvements for consensus operations, and a simpler staking flow. With protocol-native multisigs, accounts can be managed collectively without external workarounds.
As Tezos passes its seventh year of mainnet operation, Seoul is positioned as a practical boost to operational efficiency and an important on-ramp for institutions. Seoul reinforces Tezos' reputation for measured, community-led evolution, combining cryptographic innovation with governance to deliver concrete improvements for various stakeholders.
Tezos remains an open-source, energy-efficient blockchain designed for smart contracts and scalable dApp deployment. It continues to use modern cryptography to keep the chain compact, fast, and secure.
In conclusion, the Seoul upgrade of the Tezos network marks a significant step forward in the blockchain's journey, offering improved operational efficiency, enhanced security, and increased institutional readiness.
Read also:
- Detailed Assessment of Sony's RX100 VII Camera Model
- Sony Digital Camera RX100 VII Examination
- Ford Discontinues Popular Top-Seller in Staggering Shift, Labeled as a "Model T Event"
- 2025 Witnesses a 27% Surge in Worldwide Electric Vehicle Sales, Despite Opposition to Electrification Policies in the U.S.
