Welcome to 'Granada'! The next protocol proposal for Tezos has been released and is now under voting. This is the 7th protocol upgrade proposal for Tezos with significant features including: Emmy*: The current Tezos consensus algorithm is Emmy+ and we propose to replace it with Emmy*. If Granada is adopted, Emmy* will generally halve the time between blocks, from 60 seconds to 30 seconds, and allow transactions to achieve significantly faster finality than under the current consensus algorithm. (We expect several significant further improvements to our consensus algorithm and reductions in block times in coming proposals.) Liquidity Baking: The availability of low-slippage exchange of tez into other currencies and vice-versa is key to allow the widespread use of Tezos. Liquidity Baking addresses this directly by piggybacking off the liquidity and global availability of Bitcoin, and incentivizing large amounts of decentralized liquidity provision between tez and wrapped bitcoins. Gas improvements: A number of substantial improvements to performance have been made, which in turn result in dramatic reductions in gas consumption. We have generally observed a decrease of a factor of three to six in the gas consumed in the execution of already deployed contracts. For some contracts, the improvement has been almost a factor of eight.