Algorand upgrade boosts speed, adds trustless cross-chain communication
Algorand has increased its transaction speed, processing capacity and cross-chain functionality with a major upgrade. Pure proof-of-stake (PPoS) blockchain Algorand has introduced cross-chain communication and transaction speed improvements with the latest upgrade to its protocol.The layer-1 blockchain network announced the implementation of State Proofs to its mainnet, which introduces trustless communication between different blockchain protocols. The upgrade also increased Algorand’s processing speed from 1,200 to 6,000 transactions per second.The upgrade also includes the provision of....
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Algorand has undergone an upgrade which places its Layer 1 protocol as one of the fastest in crypto. Proof of stake network Algorand’s upgrade involved making changes in the network’s mainnet transaction capacity. After the upgrade, the transaction capacity has shot up to 6,000 transactions per second (tps). The blockchain has also introduced cross-chain communication […]
Algorand (ALGO) has always been lauded for its imagination and innovation. Algorand’s mainnet update can process as much as 6,000 TPS ALGO beats BTC and ETH when it comes to speedy transactions ALGO price is now up by 6.88% following the announcement of mainnet update And it’s now stepping up the game. Recently, Algorand has wowed the community once again with a major upgrade done to its system. With this new update, Algorand is described to be quantum-secure and can now process as many as 6,000 transactions per second. This is nothing new though for ALGO as it has always been considered....
pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has officially partnered up with Algorand, the pure proof-of-stake blockchain focused on the convergence between decentralized and traditional finance, to launch cross-chain bridges for the Algorand ecosystem. pNetwork has received a grant from the Algorand Foundation for creating a pNetwork-powered bridge for Algorand to be connected with external assets and ecosystems. As the cryptocurrencies industry continues to evolve, the development of alternative....
After receiving a grant from the Algorand Foundation, pNetwork and Algorand have consolidated their partnership. The cooperation will build cross-chain bridge power by pNetwork to connect Algorand to external networks and increase assets and token liquidity in its ecosystem. pNetwork, a system composed of multiple validators to achieve cross-chain composability, will allow assets to be […]
Algorand and pNetwork have announced a partnership that will bring more connectivity to the Algorand ecosystem with an external network. The partners will launch a cross-chain bridge with major platforms across the crypto industry. To achieve their objective, the Algorand Foundation gave pNetwork a grant to create a bridge powered by its platform. Thus, Algorand […]