Tezos: Assessing the state of XTZ post Mumbai Protocol activation

ambcrypto.com:

Tezos [XTZ] registered a massive boost in its social engagement on 2 April 2023 as the metric exceeded the 26 million mark. The primary reason fueling this surge can be Tezos’ latest Mumbai Protocol upgrade, which got activated a few days ago. 

Realistic or not, here’s XTZ market cap in BTC ‘s terms

Tezos, in its latest edition of The Baking Sheet, revealed interesting information about the Mumbai protocol. As per the newsletter, the Mumbai era is one of the most significant upgrades for Tezos, which introduced cutting edge features that firmly place the Tezos blockchain far ahead of its competition.

Designed to Evolve. Built to Empower.#Tezos #BlockchainEvolved pic.twitter.com/gAPQqPYfKq

— Tezos (@tezos) March 29, 2023

Additionally, because of the development effort and Bakers’ updating their node to Octez v16.1, Tezos had one of the smoothest transitions.

This was a major release as it corrected an implementation flaw in the new Mumbai baker binary that could occasionally cause bakers to incorrectly endorse blocks and deteriorate network liveness. 

Tezos ‘ Mumbai Protocol upgrade was validated and approved by the community through its on-chain governance process. With the activation of the Mumbai Protocol, Smart Rollups got introduced, which is a layer 2 scaling solution built directly into the protocol. dApps can utilize specialized hardware resources for handling a large volume of transactions, thanks to smart rollups.

Moreover, the block duration on Tezos’ Layer 1 has been decreased from 30 to 15 seconds as a result of pipelined validation in Mumbai. Existing features like Tickets, which enable direct transactions between