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Tezos completed the latest upgrade "Delphi", which can reduce Gas fees by 75%

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The upgrade is intended to attract decentralized finance (DeFi) development teams to build on top of its blockchain.

Rhythm Blockbeats news, on November 13, Tezos successfully completed the latest upgrade "Delphi", aiming to reduce smart contract Gas fees by 75%, in order to attract decentralized finance (DeFi) development teams Built on top of its blockchain.

According to the news jointly released by Delphi developers, this upgrade is "for DeFi, New applications in areas such as collectibles and games are critical.”

Tezos 's core value proposition is that it is a "self-amending blockchain" that formally utilizes on-chain mechanisms to propose, test and activate protocol upgrades without requiring the network to undergo a hard fork. This Delphi upgrade includes optimizations to Gas calculations, including reducing the base cost of manager operations from 10,000 gas units to 1,000, and implementing a new cost model for type checking and IOs.

Delphi will also Tezos Storage costs have been reduced by a factor of four, from 1 XTZ to 0.25 XTZ per kilobyte. It is expected that before the beginning of December, the team will make further upgrades to the new features of Delphi.