Blockchain network Algorand has completed a protocol upgrade, which reduces block time and increases speed by over 10%. The network has also experienced zero downtime since its launch in 2019 and aims to deliver faster, more accessible, and cost-efficient app development capabilities. The network has hit speeds of 10,000 TPS and is known for its high-performing Layer-1 blockchain and quantum-secure interoperability through State Proofs. Algorand continues to transform economic models and industries and claims to be the technology of choice for over 2,000 global organizations. The Algorand ecosystem powers more participation, transparency, and efficiency in the next generation of financial products and protocols.
AI Sentiment: Positive
