Algorand, a prominent pure proof-of-stake Layer-1 blockchain network, has unveiled its latest protocol upgrade aimed at powering real-world applications with advanced technology. The recently implemented upgrade to Algorand’s Mainnet has drastically decreased block time to 3.3 seconds, making transactions 10% faster while ensuring their completion as soon as they are sent. Combining these features with the security and decentralization that blockchain technology provides, Algorand-based applications can offer users a similar experience to traditional web applications but at much higher speeds. This is an important event for Algorand as it marks the four-year anniversary of its Mainnet, which is set to
The Algorand Foundation has announced a strategic collaboration with Wormhole through a collaboration with Folks Finance. The Algorand Foundation is the community organization dedicated to support rapid growth of Algorand blockchain ecosystem. Wormhole is a major cross-chain protocol, facilitating secure transfer of assets and data across blockchains. On the other…
The Algorand Foundation has announced the launch of its new roadmap 2025+, outlining a bold strategy to accelerate the adoption of blockchain on a global scale. With over six years of uninterrupted operation, a capacity to handle more than 10,000 transactions per second and instant finality of operations, Algorand positions…