Important: we, the community members behind Tezos Spotlight would like to hear your opinion on this amendment. Please answer this survey!

Discussion around the first Tezos Amendment is ongoing and everyone should engage with quality feedback and argumentation.

As we’ve outlined in our recent article, there are two proposals on the table. What we want to do today is analyse what’s being discussed in each of them.

Amendment Proposal #1: Increase the current gas limit

This first proposal is proving to be less contentious as there are fewer contributors discussing it. As it is just a parameter change, there aren’t any technical concerns raised — it is an incredibly simple change.

The goal of this proposal is to increase the gas limit for running Michelson smart contracts.

There’s a general agreement that this is an easy proposal to implement. Its main purpose lies in testing the willingness of the community to participate in the governance process and also in making sure that the on-chain voting mechanism works.

Some participants are pointing out that bigger block size allows for more transactions per second and that it will benefit smart contracts, but none back up their assertations with detailed explanations and reasoning.

It’s clear that at this stage community members really don’t know what’s the benefit of this proposal other than testing the network. We would therefore welcome Nomadic Labs to feed this discussion with more information.

2. Amendment Proposal #2: Increase the current gas limit AND Reduce the roll size required to become a Baker.

The goal of this proposal is to move forward with a reduction in roll size required to become a baker. And in this particular discussion we are seeing lots of controversies.

On the favorable side, members are arguing that reducing the roll size will attract new investors and allow more people to start baking. Apart from encouraging more people to learn about the inner workings of the network and the protocol, it is believed to also accelerate adoption and further decentralisation.

On the unfavorable side the main argument is that this proposal risks creating controversy in Tezos before the community is ready, partly because people worry that some bakers will try to oppose the entry of inexperienced bakers. In addition there’s concern that these new bakers might cause networks delays, longer block times and a lower return on investment for the whole network like we saw in late 2018.

On which side of the discussion are you? Will you be participating in the on-chain vote? Do you have a unique opinion that we haven’t covered here? If so please participate in this poll. Results will be published in three days.

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Disclaimer

Tezos Spotlight is a community sourced publication. We are not affiliated with Tezos development team nor the foundation. We are holders of $XTZ.