Algorand Upgrades Cross-Chain Crypto Communication for Improved Usability | Crypto

Algorand Upgrades Cross-Chain Crypto Communication for Improved Usability

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– Algorand has undergone an upgrade which places its Layer 1 protocol as one of the fastest in crypto.
– The upgrade involved making changes in the networks 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 and transaction speed improvements with this latest upgrade to its protocol.
– This upgrade mainly introduces State Proofs into the mainnet of the crypto and that meant the introduction of trustless communication between different blockchain protocols.
– The current processing speed of the cryptocurrency was at 1,200 and now it has gone up to 6,000 transactions per second.
– Along with these major changes, this upgrade also brings in the provision of many new tools for developers.
– They include on-chain randomness capabilities for decentralized applications (DApps) running on Algorand.
– Introduction Of State Proofs
– Algorands upgrade has added the State Proofs to the network and made trustless cross-chain communication possible by providing security to multiple blockchains without the need of a third party.
– In order to understand what State Proof is, it is a new technology in which the market will solve the issue of reliance on blockchain networks on bridges and centralized validator networks.
– This feature will eliminate the exploits and attacks that have become commonplace with bridges.
– The upgrade has also enhanced the Algorand ecosystem by bringing new tools to make the network better entirely and is now better suited for decentralised applications in different sectors.

algorand heres why crypto lovers are so bullish on this ethereum killer Algorand Upgrades Cross-Chain Crypto Communication for Improved Usability

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