Boldly leading the blockchain revolution, the Nairobi upgrade – a harmonious collaboration between Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori – unveils a plethora of significant enhancements to Tezos’ mainnet. Highlighting these advancements is the remarkable increase in transaction throughput, propelling a swift transaction process while reducing the burden of transaction fees.
A Surge in Throughput: The Nairobi Upgrade Impact
Following the inauguration of the Nairobi upgrade, Tezos’ throughput will witness an exponential escalation – a whopping eight-fold increase, which extends to a broad array of operations. This acceleration is confined to the regular transactions and seeps into smart contract calls, along with the meticulous maintenance of Smart Rollup operations.
Leveraging the Nairobi update, Tezos will proudly support Smart Rollup features, a strategic leap in blockchain technology. With the advent of these fresh attributes and the integration of internal Layer-2 messages within the blockchain framework, Tezos achieves a seamless synchronization of rollup kernels with future protocol enhancements.
The Nairobi upgrade heralds an era of improved communication and comprehension, thanks to Tezos’ refined terminology. It is further enhanced by the additional focus on quicker consensus, a crucial development observed mainly in the swift pre-attestation propagation.
The Tezos Ecosystem DAO: Redefining Treasury Management
Significantly, the Nairobi upgrade coincides with the launch of the Tezos Ecosystem DAO. The DAO aims to bolster on-chain funds deployment, honing treasury management for vital initiatives within the Tezos ecosystem. This Decentralized Autonomous Organization empowers community members to propose funding for projects related to Tezos, facilitating a comprehensive review, democratic voting, and eventual awarding of the native cryptocurrency, XTZ.
Initiating governance of the DAO is a three-out-of-five multi-sig setup. Renowned organizations such as the Tezos Foundation, the Tezos India Foundation, and Trilitech hold the keys, ensuring robust and secure control.
The Nairobi upgrade underscores a transformative shift in Tezos’ blockchain technology. With its advanced throughput, Smart Rollup support, and the introduction of the Tezos Ecosystem DAO, it successfully augments the efficiency, understanding, and democratic governance within the Tezos community, setting a new standard in the ever-evolving blockchain industry.
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.