Algorand Upgrades Cross-Chain Crypto Communication for Improved Usability

– 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.