Tezos (XTZ) has launched its Nairobi upgrade that makes blockchain transactions eight times faster.
Crypto projects continue to develop these days when the market is on the rise and attracting great interest. New announcements keep coming from many projects that will revive the community. One of these projects, Tezos, announced its Nairobi upgrade as part of its blockchain developments. This upgrade will allow the project to process eight times faster.
Tezos Launches Nairobi Upgrade
Tezos (XTZ) launched the Mumbai update last March. With this update, the Tezos network could handle up to 1 million transactions. Tezos aims to create eight times more efficient blockchain with a new upgrade.
Tezos developers stated that the Nairobi update will also introduce a new fee mechanism to users. According to this fee mechanism, users’ network usage status will be taken into account, rather than a one-size-fits-all flat fee.
Nairobi will also reveal a faster network usage of Tezos. In this way, future upgrades will take the blockchain structure to the next level.
However, this development has not been very beneficial for XTZ. XTZ, which was at $ 0.85 on June 25, is currently moving around $ 0.80.
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