Tezos continues to be at the forefront of adaptability and innovation, and we take great pride in setting the standard of sustainability and security. As a liquid proof-of-stake blockchain, the low carbon footprint of Tezos means developers and users can prioritize innovation without compromising sustainability. Its low energy consumption and low gas fees are one of the many reasons why Tezos is quickly becoming recognized as the most responsible place to mint, host, and trade clean NFTs.
During the period that this report covers, the Tezos blockchain was successfully upgraded twice. Delphi, the first upgrade, significantly improved the performance of the Michelson interpreter and lowered gas fees significantly while Edo was adopted only a few months later and added continuous performance improvements and, with Sapling, a powerful tool that enables new types of applications, such as voting and asset transactions with selective disclosures. With Florence approaching on the horizon, it is clear that the Tezos upgrade process has reached a seamless regular cadence and so we say with a smile that for Tezos, other blockchains have become a testnet.