Algorand (ALGO) is making an interesting play to be a more functional blockchain. According to John Alan Woods Algorand CTO, four new Algorand updates are coming to the protocol in 2024 as part of its roadmap.
Important Algorand Updates Coming on Chain
In terms of Transaction Per Speed (TPS), John Woods said Algorand has now become approximately 10% faster. With such dynamic round times, the protocol is bound to experience increased network performance. Consequently, this would translate to higher throughput and lower block times to make the protocol generally optimized.
This upgrade will cause block times to average less than three seconds. In the long run, developers and builders will enjoy the flexibility that comes with the efficiency and scalability of the Algorand network. Similarly, end users will benefit from the upgrade as confirmations will be as fast as point-of-sales.
Then there is AlgoKit 2.0, a comprehensive toolkit with the integration of one of the world’s most po
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