Tezos Unveils Nairobi Upgrade, Transforming Transaction Speeds and User Experience

A well-known blockchain technology called Tezos just revealed its fourteenth update, which it has named “Nairobi.” Through a large increase in transaction speeds and the implementation of a new fee system, this most recent update seeks to improve the effectiveness and scalability of the Tezos network. We examine the main aspects of the Nairobi update and its possible effects on the Tezos ecosystem in this post.

Boosted Transaction Speeds and Enhanced Scalability

Users of Tezos may anticipate much faster transaction speeds when the Nairobi update is implemented. Following the “Mumbai” update earlier this year, the blockchain has already shown that it is capable of processing up to 1 million transactions per second (tps). With the Nairobi improvement, transaction speeds might possibly increase by up to eight times. The entire user experience will surely be enhanced by this increase in transaction speeds, which will also increase Tezos‘ appeal to corporations and developers.

The addition of a new charge system is one prominent feature of the Nairobi renovation. The new system charges users depending on their network utilization, in contrast to earlier iterations of the blockchain which used a flat price structure. By ensuring that customers are charged in accordance with their actual use, this dynamic fee model promotes a just and effective cost structure. This modification is in line with Tezos’ dedication to offering a customizable and user-focused blockchain experience.

Seamless Upgrades with Smart Rollups

The Nairobi update’s ability to smoothly upgrade Tezos’ Smart Rollups is another noteworthy improvement. By shifting certain transactions to a secondary chain, smart rollups are a scaling mechanism that allows for speedier network utilization. As future deployments of newer versions of Tezos take place, Smart Rollups may now be continually and automatically upgraded thanks to the Nairobi upgrade. This guarantees that the scaling solution is always current, provides top performance, and meets the expanding requirements of the Tezos community.

Although the Nairobi upgrade makes a number of enhancements to the Tezos blockchain, it is important to note that utilization of the network is still rather low when compared to that of other well-known blockchains. Tezos only executed 68,000 transactions in the last day, a considerable decrease from the quantities seen on Ethereum, BNB Chain, and Bitcoin. Tezos is positioned to draw more users and boost its network activity thanks to the Nairobi upgrade’s adoption and the ensuing improvements in transaction speeds and scalability.