4.3 L2 Solutions

Tezos is pretty slow in comparison to many 3rd generation public

Blockchains, and hence it is in a process of trying its hands on the

L2 technologies for improvement. Recently, the Cornwall University

submitted a paper for using sharding technologies for improving

scalability; similarly another organization called Marigold too is

working on Plasma technologies for improving the Tezos throughput,

scalability, and finality.

4.4 Scalability and Performance

At 40 transactions per second, Tezos might seem better than Bitcoin

or Ethereum; however, it has much space to improve.

4.5 Development

The Tezos protocol was originally coded with OCaml which is a 1996

born object oriented language. Tezos support to write its smart

contract using Python.

Tezos development portal https://tezos.com/developer-portal/ has

good documentation for smart contracts, access to Oracle services,

sandbox environment, and deployment of public node on AWS.

4.6 Live Projects

There are more than 100 projects implemented on Tezos which are

mostly on decentralized finance and DApps. The following are a few

examples:

Societe General: As per news in September 2020, France’s central

bank Banque de France

Societe Generale – FORGE has selected the Tezos Blockchain for

Central Bank Digital Currency (CBDC) experiments.

StableTZ: Platform for Stablecoins on Tezos.

Kalamint: Non fungible tokens on Tezos

4.7 Summary