Tezos recently implemented the Paris upgrade, enhancing its layer-2 (L2) scaling solutions to potentially achieve millions of transactions per second (TPS). The upgrade, Tezos' 16th protocol update, went live on mainnet on June 5, focusing on improving network speed and scalability. With a key objective of maintaining low transaction fees on the EVM-compatible L2 network Etherlink, the upgrade has made Etherlink more cost-effective than Arbitrum and Optimism, offering a better user experience. Tezos co-founder Arthur Breitman highlighted Etherlink's 500 millisecond transaction finality time, significantly faster than Optimism and Arbitrum. The introduction of the Data Availability Layer (DAL) in the upgrade aims to enhance network decentralization and scalability, enabling Tezos' Smart Rollups to potentially process millions of TPS. The upgrade also reduced block times to 10 seconds, improving transaction finality and user experience for decentralized applications on Tezos. Read more AI-generated news on: https://app.chaingpt.org/news