Nomadic Labs, one of the leading developers of Tezos (XTZ), announced that Mumbai, the next major upgrade for the network, is ready.
Nomadic Labsimportant to the Tezos network Mumbai introduced the upgrade. Among the main features announced by Nomadic Labs Enabling “Smart Rollups”, reducing the block time to 15 seconds, refresh of the core protocol and fully customizable application infrastructures took place.
Tezos co-founder Arthur Breitmanshared a post about the update. in the shipment He said it was one of the most “transformative” updates ever.
This is the biggest upgrade ever and one of the most transformative for Tezos. Intelligent rollups will provide unmatched scalability powered by core protocol and fully customizable application engines.
According to developer comments, all these upgrades greatly increasing scalability It is expected to provide users on the Tezos network with a more efficient usage area with lower transaction fees. Reduced block time feature between user accounts comprehensive and inexpensive transfer It is also seen as a very important factor in terms of guaranteeing fast transactions with its support.
CoinGecko According to the data of XTZ price in the last week 25% increased and at the time of writing at $1.04 is being traded.