Tezos (XTZ) price drops after ‘Nairobi’ upgrade: here’s why

Tezos (XTZ) price drops after ‘Nairobi’ upgrade: here’s why
фото показано с : invezz.com

2023-6-28 13:29

Tezos (XTZ) price had dropped after the ‘Nairobi’ Upgrade, which traders thought would add to the bullish momentum that the token enjoyed for the last seven days. Tezos has declined by about 2% today eating into its 11% gain over the past week.

But why is the price of Tezos dropping after the ‘Nairobi’ upgrade which also coincided with the launch of the Tezos Ecosystem DAO? Well, the most possible reason for the price drop is that the market is letting off some pressure after a week of constant climb.

Increasing Tezos transaction throughput

The Nairobi upgrade, which was jointly developed by several teams including Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori, brings about a number of mainnet enhancements. The increased transaction throughput, which enables quicker transaction processing and lower transaction fees, is a key feature of these improvements.

Tezos’ throughput has increased eight times since the upgrade, and this increase applies to a variety of operations, including transactions, smart contract calls, and Smart Rollup maintenance operations.

Notably, Tezos now supports Smart Rollup features thanks to the Nairobi update. As a result of new features and internal Layer-2 messages added to the blockchain platform, Tezos is now able to seamlessly synchronize rollup kernels with protocol upgrades in the future. Tezos has also improved its terminology to facilitate communication and understanding. Additionally, improvements for quicker consensus have been made, especially with the accelerated pre-attestation propagation.

Tezos Ecosystem DAO

The Nairobi Upgrade overlapped with the launch of the Tezos Ecosystem DAO, which aims to enhance on-chain funds deployment and treasury management for crucial initiatives within the Tezos ecosystem.

The decentralized autonomous organization (DAO) enables members of the community to submit funding requests for projects connected to Tezos, which are then reviewed, voted on, and awarded XTZ.

A three-out-of-five multi-sig setup will initially govern the DAO, with companies like the Tezos Foundation, the Tezos India Foundation, and Trilitech, holding the keys.

The post Tezos (XTZ) price drops after ‘Nairobi’ upgrade: here’s why appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Tezos (XTZ) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.0795
Капитализация $0 Rank 99999
Цена в час новости $ 0.7985 (-100%)

tezos xtz upgrade nairobi price declined seven

Источник: invezz.com

tezos xtz → Результатов: 126


Фото:

Should you buy Tezos (XTZ) after it hit its latest all-time high value?

Tezos XTZ/USD is a blockchain network based on smart contracts which aim to offer infrastructure on a higher level. It can evolve and improve over time without any dangers of a hard fork. The decentralized application space momentum as a catalyst for growth Tezos is a self-amending layer-2 proof-of-stake (PoS) blockchain that can upgrade itself […] The post Should you buy Tezos (XTZ) after it hit its latest all-time high value? appeared first on Invezz.

2021-10-4 20:32


Фото:

Should you buy Tezos (XTZ)? Banking on social impact

Tezos XTZ/USD takes advantage of what is known as liquid proof-of-stake (LPoS), and this is important to know when evaluating the value of its cryptocurrency. You see, LPoS is an algorithm that is used by the computers running the Tezos software and is used to secure the network, validate the transactions and distribute newly minted […] The post Should you buy Tezos (XTZ)? Banking on social impact appeared first on Invezz.

2021-6-15 18:52


Альткоин Tezos с октября 2019 года взлетел более чем на 300%

С октября 2019 года цифровая валюта Tezos (XTZ) подскочила в цене примерно на 313%. Если осенью она держалась в районе $0,846, то уже в середине апреля XTZ находился на уровне $2,47. На протяжении последних нескольких месяцев Tezos стабильно движется вверх по отношению к биткоину.

2020-4-24 18:09


В Tezos создали призовой фонд для борьбы с коронавирусом

Сообщество криптовалюты Tezos объединилось и учредило приз в криптовалюте XTZ за помощь в борьбе с коронавирусом. 2 марта разработчик Tezos Иоганн Танзер опубликовал статью на Medium, в которой призвал пользователей Tezos использовать вычислительные мощности для поощрения исследований в области коронавируса взамен на потенциальное вознаграждение в XTZ.

2020-3-4 10:47


Tezos Price Analysis XTZ / USD: Breaking Resistances

Tezos now has a bullish short-term and medium-term trading bias The four-hour time frame shows that large inverted head and shoulders pattern has formed The daily time frame highlights and an even larger bullish pattern Tezos has made major strides this week, with the cryptocurrency rallying to its highest trading level mid-August and gaining well-over […] The post Tezos Price Analysis XTZ / USD: Breaking Resistances appeared first on Crypto Briefing.

2019-11-8 18:05


Фото:

Инвестиции в криптовалюту: Tezos (XTZ)

Представляя первый в мире саморазвивающийся блокчейн, можно смело утверждать, что Tezos (XTZ) — это умная контрактная платформа, похожая на Ethereum. По мере развития инноваций крипта прогнозирует, что их блокчейн останется на переднем крае.

2019-4-23 17:18


Tezos (XTZ) Price Prediction 2019 – Are The Turbulent Times Behind XTZ?

Tezos is a novel blockchain, another “Ethereum killer” that was first proposed in a paper released in Aug. 2014 with more specifics announced in a whitepaper released in Sept. 2014. The Tezos blockchain is designed with a focus on on-chain governance, allowing token holders to vote for proposed changes to functionality in order to avoid […] The post Tezos (XTZ) Price Prediction 2019 – Are The Turbulent Times Behind XTZ? appeared first on CaptainAltcoin.

2019-3-18 20:11


Инвесторы Tezos избавляются от токенов проекта после листинга на бирже

Инвесторы Tezos ждали почти год, чтобы получить свои токены. И сразу же избавились от своих XTZ, как только их получили. Об этом пишет Coindesk. По крайней мере, об этом говорят рыночные данные, показывающие волну продаж, которая прошла после запуска беты платформы Tezos в начале недели. Согласно да...

2018-7-7 12:27


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru