Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Tezos X Introduced: Unlocking Scalability and Interoperability in Blockchain

- Tezos X introduces a scalable, cloud-like blockchain with a unique “modu-lithic” design for enhanced performance and interoperability.
- Tezos X promotes seamless interaction among apps, integrates various programming environments, and supports efficient smart contract execution.
Tezos has made a huge stride forward in blockchain technology with the release of Tezos X, a scalable, cloud-like backend that can serve a variety of applications.
The greatest aspects of modular and monolithic blockchain architectures are combined in this ground-breaking platform to create a “modu-lithic” approach that offers enormous scalability, increased composability, and enhanced interoperability.
Introducing Tezos X — a blockchain with superpowers — a scalable, cloud-like backend for a wide range of apps.
Read on to find out what this means – and how we could get there.
#TezosX
(1/7) pic.twitter.com/NZQHCWUu3F
— Tezos (@tezos) June 27, 2024
Tezos X: The “Modu-lithic” Approach
Tezos X’s “modu-lithic” design combines the best features of modular and monolithic blockchain platforms. This special mix keeps the crucial feature of composability while enabling Tezos X to reach previously unheard-of scalability.
By doing so, it creates the foundation for smooth communication between different applications, much like Lego bricks assembling to create a stunning castle.
A major obstacle to the widespread use of blockchains has been scalability. Several development teams have been putting in a lot of effort to greatly expand the Tezos network to date. They work mostly in three areas: Smart Rollups improve network speed generally by being made to manage a lot of transactions well.
In order to speed up the processing of blocks and get Tezos closer to its “broadband moment,” faster blocks are being produced. Moreover, the still-under-development Data-Availability Layer seeks to guarantee that data is easily accessible, therefore improving network speed even more.
Composability: Building a Bigger Whole
Tezos X is notable for emphasizing composability, among other things. This idea guarantees that several applications can coexist without any problems, therefore producing a system that is more than the individual components.
Tezos X provides a single platform on which smart contracts in any language can easily communicate, making this possible. Fostering a highly interconnected ecology requires this “one rollup to rule them all” strategy.
An other essential feature of Tezos X is interoperability. Through its integration with other blockchains and non-blockchain systems, as well as its opening up to new development environments, Tezos X facilitates platform connection and interaction.
The fast-changing blockchain environment will allow Tezos to expand and adapt, thanks to this plug-and-play feature.
Enhanced Layer 1 Performance
Tezos X claims to significantly enhance layer 1 performance by reducing latency and processing times. Crucially, bakers will continue to manage network security with low-end hardware, preserving decentralization. With its speed and security combination, Tezos X is positioned as a top competitor in the blockchain market.

Meanwhile, according to CoinMarketCap, the Tezos native token price, XTZ, is currently trading around $0.7766, down 0.23% in the previous 24 hours. It also reflects a bearish position of 2.99% during the last 7 days.
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