Tezos Activates ‘Nairobi’ Upgrade With 8X Increase In Transactions Per Second
Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated its fourteenth core protocol upgrade: Nairobi. The Nairobi upgrade will make it faster and easier to run applications on the Tezos blockchain by introducing several updates and improvements to the Tezos protocol.
These include enhancements to Smart Rollups, Tezos’ industry leading scaling solution. Smart Rollups can now be upgraded in sync with the protocol, using Tezos’ pioneering on-chain governance. Smart Rollups give developers a more reliable, secure, and decentralized scaling solution than any other blockchain solution. In addition, the upgrade resulted in an eightfold increase in transactions per second (TPS) while decreasing the cost per transaction.
“The Nairobi upgrade demonstrates once again the strength of the Tezos community, and further establishes Tezos’ lead in scaling,” said Arthur Breitman, co-founder of Tezos. “Serious applications require serious technology, and Tezos’ resiliency, adaptability, and substance stands in contrast to loose industry standards.”
8X TPS increase with enhanced gas model
Powering even more transactions with tailored costs for different cryptographic curves
The Nairobi upgrade will enable up to 8x more operations to be completed per second while decreasing the cost per transaction for most operations. In contrast to the previous flat-rate, one-size-fits-all model for gas costs for signature verification, the new model is fairer to the users, making authentication costs fit better with computational resources required.
Reach consensus quicker
Swift pre-attestation propagation
The Nairobi upgrade speeds up the whole chain by fine tuning the consensus mechanism, allowing for reliable operations at lower latencies. The upgrade also contributes to keeping hardware requirements low for participating in consensus, which benefits decentralization while simultaneously increasing consensus rewards for Tezos “bakers”.
Upgrade to Smart Rollups
Seamless Layer 2 experience
Nairobi enables Smart Rollups to evolve in sync with the Tezos layer 1 protocol. This allows Rollups to prepare for and instantly take advantage of the capabilities provided by future protocol upgrades. Smart Rollups on Tezos are enshrined in Layer 1 rather than deployed as smart contracts, making them more efficient, reliable, and decentralized than other Layer 2 solutions such as Arbitrum or Optimism.
Evolution driven by the community
As with every Tezos upgrade, Nairobi has been validated and approved by the community through the Tezos blockchain's on-chain governance process. The activation of Nairobi marks the culmination of a months-long collaboration between developer teams and the broader Tezos community.
Developers from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori have contributed to this update, which unveils a new era of scalability and opens the door for exciting new applications to be deployed on the Tezos blockchain.
About TEZOS
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com.
About the TEZOS FOUNDATION
The Tezos Foundation is a Swiss non-profit foundation that supports the development and long-term success of the Tezos protocol, an energy-efficient blockchain with the ability to evolve by upgrading itself. For more information, please visit www.tezos.foundation.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230626426619/en/
Contact information
Randall Woods
tezos@sbscomms.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
For the First Time, Researchers Successfully Demonstrate Over euNetworks’ Fibre Infrastructure That Quantum Communication Is Possible Between the United Kingdom and Ireland3.10.2023 10:00:00 EEST | Press release
Researchers from The University of York in collaboration with the Quantum Communications Hub and euNetworks Fiber UK Limited (“euNetworks”) have for the first time successfully demonstrated that quantum communication is possible over the long geographical distance that separates England from Ireland. The team, led by Professor Marco Lucamarini from the University of York, ran a series of experiments using bandwidth infrastructure provider euNetworks’ subsea cable, named Rockabill. This network is one of the newest commercial optical fibre systems in operation and connects Ireland to England in the United Kingdom, running 224 kilometres between Portrane and Southport cable landing stations. Until now, no quantum link has ever been established between the two countries, nor on a span stretching this length on a subsea fibre optic cable. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003629118/en/ Paula Cogan, CEO of euNetwo
Mavenir Awarded Two 5G Consortium Projects in UK Government’s Open Networks Ecosystem Competition3.10.2023 10:00:00 EEST | Press release
Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, has been awarded two 5G Open RAN projects, which are world firsts, as part of the UK government’s Open Networks Ecosystem Competition, targeted at the adoption of open and interoperable network technology. The projects have secured government funding through the Department for Science, Innovation & Technology (DSIT) and will focus on demonstrating innovative approaches to optimising Open RAN network performance in High Demand Density (HDD) environments. HDD sites – including cities, airports, sports stadiums, and major public events – present the most challenging conditions for the technical performance of mobile networks. BG Kumar, President, Access Networks, Platforms and MDE at Mavenir, said, “We are excited to have been awarded funding by DSIT through the two consortia for two ground-breaking projects designed to demonstrate the adaptability and impact of Open R
Clarity AI Introduces its First SFDR-aligned Sustainable Investment Index Methodology3.10.2023 10:00:00 EEST | Press release
Clarity AI, the leading sustainability technology platform, has launched a groundbreaking Sustainable Investment index and ETF methodology, which aligns with the Sustainable Finance Disclosure Regulation (SFDR). The methodology marks a significant step forward for index and ETF providers to build, define and/or market products that fall within the European Union's definition of Sustainable Investment, outlined in Article 2(17) of the SFDR. Clarity AI's methodology is being used in indices that target companies at the forefront of key innovative industries -- such as electric vehicles and sustainable infrastructure -- and ETFs based on those indices. It can also be applied to broader market indices and funds where investors want to integrate sustainable objectives. It provides a transparent, clear, comprehensive, and robust framework for classifying organizations, funds, and indices as sustainable investments, ensuring greater confidence for investors who seek to align their portfolios
Ganymed Robotics Announces Appointment of Seasoned Leadership Team to Bring to Market Its Next Generation Surgical Technology3.10.2023 09:30:00 EEST | Press release
Ganymed Robotics, a developer of computer vision software and robotics technologies for orthopedic surgeons, is happy to announce a series of senior leadership appointments to drive the company’s growth as it prepares for industrialization and commercial launch. The firm has appointed 5 seasoned executives to lead strategic and operational developments across all key functions, ranging from product development to regulatory and market access, finance, human resources and legal. Former companies include ZimmerBiomet, Alphatec, EOS Imaging, Corwave, Beckton Dickinson, Robocath, Médecins Sans Frontières. The composition of the new Executive Committee exhibits strong expertise in both launching innovative medical devices and scaling medtech companies, as well as gender parity. It is composed of 8 members : Sophie Cahen, CEO and co-founder, Silvère Lucquin, Chief Operating Officer, and Michel Vernizeau, VP R&D, and 5 seasoned new members: Lukas Vancura as VP Product Marketing, Clémentine Li
Green Street Launches European Market Forecast Scenarios to Provide Insight on Future Investment Performance3.10.2023 09:02:00 EEST | Press release
Green Street, the preeminent provider of commercial real estate intelligence, has launched a new set of European Market Forecasts to highlight potential risks, opportunities, and outcomes across 30 key Pan-European markets under various economic conditions. These Market Forecasts, which are part of Green Street’s broader Market Data & Deals solution, include five years of predictive analytics for four core sectors – Industrial, Office, Residential and Retail. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231002027776/en/ (Graphic: Business Wire) To assist market participants in conducting more thorough analyses of potential shifts in operating fundamentals and property valuations, Green Street provides Market Forecasts under four separate economic scenarios – Baseline, Moderate Upside, Moderate Downside and Severe Downside. These Market Forecasts encompass a comprehensive range of metrics, including: Market-RevPAM growth (G
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom