Algorand (ALGO), the next-generation blockchain platform, has announced a major protocol upgrade that unleashes key new features for streamlining application development.
The protocol upgrade, now live on Mainnet, reduces block time to roughly 3.3 seconds while maintaining instant transaction finality. This represents a more than 10 percent increase in speed and reinforces Algorand’s position as a leading blockchain platform.
Algorand’s Latest Protocol Upgrade Sets New Standards
Algorand’s ability to instantly finalize transactions and other performance enhancements empowers Algorand-based applications to deliver a user experience comparable to traditional Web2 applications while leveraging the security and decentralization inherent in blockchain technology.
The latest technical release incorporates valuable feedback from the developer community to ensure application development is faster, more accessible, and more cost-efficient.
Some of the latest products and enhancements
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