TL;DR: Tezos, the pioneering blockchain platform, has successfully implemented the Nairobi upgrade, enhancing speed and scalability for running applications on the Tezos blockchain. The upgrade brings improvements to Smart Rollups, increases transactions per second, and integrates seamlessly with the Tezos layer 1 protocol. With community validation and contributions from various developer teams, Tezos solidifies its position as a leader in scaling technology, offering a more reliable, secure, and cost-effective solution for developers and users in the blockchain industry.
Tezos’ Nairobi upgrade enhances TPS by eightfold, improving transaction capacity
Tezos, a leading blockchain platform renowned for its Proof-of-Stake consensus and on-chain governance, has successfully activated its fourteenth core protocol upgrade named Nairobi. This significant upgrade brings a range of improvements and updates to the Tezos protocol, with the aim of enhancing the speed, scalability, and efficiency of running applications on the Tezos blockchain. The Nairobi upgrade not only showcases the strength of the Tezos community but also solidifies Tezos’ position as a leader in scaling technology within the blockchain industry.
One of the notable advancements introduced by the Nairobi upgrade is the enhancement of Smart Rollups, which serve as Tezos’ pioneering scaling solution. With the new upgrade, Smart Rollups can now be upgraded in sync with the protocol using Tezos’ innovative on-chain governance. This provides developers with a more reliable, secure, and decentralized scaling solution compared to alternative blockchain platforms. Furthermore, the upgrade has resulted in an impressive eightfold increase in transactions per second (TPS), while simultaneously reducing the cost per transaction, making Tezos a more cost-effective and efficient choice for developers and users.
Arthur Breitman, co-founder of Tezos, expressed his satisfaction with the Nairobi upgrade, emphasizing the strength of the Tezos community and the platform’s leading position in scaling technology.
Breitman highlighted Tezos’ resiliency, adaptability, and substance, setting it apart from industry standards.
The Nairobi upgrade brings notable improvements to transaction processing on the Tezos blockchain. By introducing an enhanced gas model, Tezos enables up to eight times more operations to be completed per second. This increase in TPS is accompanied by a fairer cost distribution for signature verification, aligning authentication costs more accurately with the computational resources required. This improvement not only enhances the performance of Tezos applications but also provides a more equitable and efficient user experience.
In addition to transaction processing, the Nairobi upgrade focuses on optimizing the consensus mechanism of the Tezos blockchain. By fine-tuning this mechanism, the upgrade facilitates faster and more reliable consensus, resulting in lower latencies and improved operational efficiency. The upgrade also maintains low hardware requirements for participating in consensus, promoting decentralization and offering increased consensus rewards for Tezos “bakers” who contribute to the blockchain’s security and integrity.
Another significant aspect of the Nairobi upgrade is the seamless integration of Smart Rollups with the Tezos layer 1 protocol. This integration allows Smart Rollups to evolve in sync with future protocol upgrades, enabling them to quickly adapt and take advantage of new capabilities. Unlike other Layer 2 solutions deployed as smart contracts, Smart Rollups on Tezos are embedded in Layer 1, making them more efficient, reliable, and decentralized. This integration opens up new possibilities for developers and users, paving the way for exciting and innovative applications on the Tezos blockchain.
The activation of the Nairobi upgrade is a testament to the collaborative efforts and strong community involvement within the Tezos ecosystem. Through Tezos’ unique on-chain governance process, the Nairobi upgrade has been thoroughly validated and approved by the community. The successful implementation of the upgrade represents a significant milestone and highlights the ability of the Tezos community to drive innovation and progress.
Numerous developer teams from organizations such as Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori have played a pivotal role in contributing to the Nairobi upgrade. Their collective efforts have paved the way for a new era of scalability on the Tezos blockchain, empowering developers to build and deploy a diverse range of applications that can benefit from the enhanced speed, efficiency, and decentralized nature of the Tezos platform.
The Nairobi upgrade positions Tezos as a formidable player in the blockchain industry, reinforcing its commitment to advancing the technology and serving the evolving needs of its user base.