Tezos Nairobi Deployment Yet to Impact on XTZ Price Action

• On Monday, June 26, 2023, Tezos (XTZ) blockchain deployed a new upgrade, Nairobi.
• Tezos developers say Nairobi would significantly increase the network’s transaction speed.
• The impact of the Nairobi upgrade is yet to reflect on the price behavior of XTZ.

On Monday, June 26, 2023, Tezos (XTZ) blockchain deployed a new upgrade, Nairobi. The latest deployment marks the fourteenth upgrade since the creation of the network and the second in 2023. Before Nairobi, Mumbai, the thirteenth upgrade, deployed in March earlier this year.

According to Tezos developers, Nairobi would significantly increase the network’s transaction speed. It would make Tezos up to eight times faster, among other enhancements.

After the Mumbai upgrade, Tezos could process up to 1 million transactions per second (TPS). With Nairobi now activated, the Tezos network’s transaction speed is expected to reach 8 million (TPS).

According to Tezos developers, Nairobi introduced a new fee mechanism for network users. Instead of the original “one size fits all ” fee model, Tezos has moved to a “Pay as you go” fee system. Henceforth, Tezos users will pay fees based on how much data the…

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