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Tezos

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<p><strong>Tezos, a blockchain platform, has implemented its fourteenth upgrade called “Nairobi,” which brings several improvements to the network.</strong></p> 
<h2 style="text-align: center;" id="tezos-current-usage-and-activation-of-nairobi">Tezos’ Current Usage and Activation of ‘Nairobi’</h2> 
<p>One notable enhancement is the significant increase in transaction speed, now up to eight times faster. The <a href="https://research-development.nomadic-labs.com/Nairobi-is-live.html" target="_blank" rel="noopener">upgrade</a> also introduces a new fee mechanism that charges users based on network usage, making it fairer and more efficient. Additionally, Nairobi allows for continuous and automatic upgrades to Tezos’ scaling tool called Smart Rollups, ensuring even faster network performance in the future.<br> Currently, Tezos has a relatively low network usage compared to other popular blockchains. However, with the activation of the Nairobi upgrade, Tezos aims to attract more users by offering faster transaction processing and improved scalability.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">Celebrate <a href="https://twitter.com/hashtag/Nairobi?src=hash&amp;ref_src=twsrc%5Etfw">#Nairobi</a> with Felipe Vargas and claim your upgrade collectible! Head over to <a href="https://t.co/Tn68IljXjF">https://t.co/Tn68IljXjF</a> and claim yours for 2 tez:<a href="https://t.co/duNXkDnj6b">https://t.co/duNXkDnj6b</a> (1/3)</p> 
 <p>— Tezos Foundation (@TezosFoundation) <a href="https://twitter.com/TezosFoundation/status/1672567675791327232?ref_src=twsrc%5Etfw">June 24, 2023</a></p>
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<h2 style="text-align: center;" id="enhancements-of-the-nairobi-upgrade">Enhancements of the Nairobi Upgrade</h2> 
<p>The Nairobi upgrade brings several improvements to the Tezos protocol. One of these enhancements is the optimization of Smart Rollups, a scaling solution unique to Tezos. Smart Rollups can now be upgraded in sync with the protocol itself, using Tezos’ innovative on-chain governance. This ensures that Smart Rollups remain reliable, secure, and decentralized. Moreover, the upgrade significantly increases the number of transactions that can be completed per second, while decreasing the cost per transaction.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">🔥 Hot out of the Oven: ‘The Baking Sheet’ – Issue #156</p> 
 <p>This week we’re covering <a href="https://twitter.com/hashtag/Tezos?src=hash&amp;ref_src=twsrc%5Etfw">#Tezos</a>‘ 14th upgrade ‘Nairobi’, Tez/Dev in Paris, big updates from the Plenty team, and a new feature from fx(hash), + more!</p> 
 <p>Read the full newsletter: <a href="https://t.co/hBT3VZ64cQ">https://t.co/hBT3VZ64cQ</a></p> 
 <p>— Tezos Commons (@TezosCommons) <a href="https://twitter.com/TezosCommons/status/1672267521540648960?ref_src=twsrc%5Etfw">June 23, 2023</a></p>
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<h2 style="text-align: center;" id="benefits-of-the-nairobi-upgrade">Benefits of the Nairobi Upgrade</h2> 
<p>The Nairobi upgrade offers various benefits to the Tezos network and its users. Firstly, the upgrade enables faster consensus by fine-tuning the consensus mechanism, resulting in lower latencies and reliable operations. It also helps maintain low hardware requirements for participants in the consensus process, promoting decentralization. Additionally, the upgrade enhances the capabilities of Smart Rollups, providing a seamless experience and making Tezos an efficient, reliable, and decentralized solution for Layer 2 scaling.</p> 
<h2 style="text-align: center;" id="collaboration-and-community-validation">Collaboration and Community Validation</h2> 
<p>The Nairobi upgrade is the result of collaborative efforts between developer teams and the broader Tezos community. Teams such as Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori have contributed to this update. The upgrade signifies the strength of the Tezos community and its commitment to scalability and innovation.</p> 
<h2 style="text-align: center;" id="introduction-of-tezos-ecosystem-dao">Introduction of Tezos Ecosystem DAO</h2> 
<p>In conjunction with the Nairobi upgrade, Tezos has launched the Tezos Ecosystem DAO. This decentralized autonomous organization aims to streamline on-chain funds deployment and treasury management within the Tezos ecosystem. Community members can submit funding requests for Tezos-related initiatives, which undergo curation, voting, and XTZ distribution. The DAO ensures transparency and accountability, with all activities publicly visible.</p> 
<h2 style="text-align: center;" id="xtz-price-and-future-outlook">XTZ Price and Future Outlook</h2> 
<p>Despite the significant advancements brought by the Nairobi upgrade, the price of XTZ, Tezos’ native token, has not seen a notable impact. Currently trading at $0.80, XTZ remains under pressure due to the overall bearish trend in the cryptocurrency market. However, the Nairobi upgrade sets a positive trajectory for Tezos, highlighting its commitment to continuous improvement and innovation.</p> 
<h2 style="text-align: center;" id="conclusion">Conclusion</h2> 
<p>With the activation of the Nairobi upgrade, Tezos enhances its network performance and user experience. The upgrade introduces faster transaction processing, improved scalability, and a fairer fee mechanism. Tezos’ unique features, such as Smart Rollups and on-chain governance, contribute to its reliability and decentralization. Despite the current XTZ price trends, the Nairobi upgrade marks a significant <a href="https://walletinvestor.com/magazine/stably-launches-usd-as-the-first-brc20-stablecoin-on-the-bitcoin-network" target="_blank" rel="noopener">milestone</a> for Tezos, paving the way for a promising future.</p>

Tezos Upgrades Network with ‘Nairobi’

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