Algorand Added Trustless Cross-Chain Crypto Communication And Other Enhancements After A New Upgrade

Algorand has undergone an upgrade which places its Layer 1 protocol as one of the fastest in crypto. Proof of stake network Algorand's upgrade involved making changes in the network's mainnet transaction capacity.

Timeline of Algorand

Algorand's [ALGO] mission to leave other blockchain networks behind while processing decentralized and traditional transactions faster has reached another level. In its latest release which a large part of its community considered impressive, Algorand announced that there has been a major upgrade to its mainnet.

The Algorand blockchain has released a significant upgrade to the network with improved performance and security to enable faster transactions.  According to the announcement, the new upgrade dubbed Algorand 3.9 features state proofs designed to facilitate trustless interoperability between blockchains, making it easy for developers to build cross-chain products, including direct bridges, thereby reducing the workload for existing bridging protocols.

The latest release of the Algorand (ALGO) protocol (Algorand 3.9) comes with several improvements that offer users and developers increased speed and performance. The team claims Algorand 3.9.

Algorand (ALGO), a pure proof-of-stake (PoS) blockchain has tremendously improved its network performance and introduced more cross-chain functionality following a significant upgrade.

Algorand has announced a new upgrade that could boost its transactions per second (TPS) and cross-chain communication security via state proofs. The post Algorand upgrade could increase speed and cross-chain transaction capability appeared first on The Block.

Cryptocurrency investors are searching high and low for the tokens that could generate significant gains in 2022. Unwise investors are drawn to meme token volatility, while shrewd investors are searching for coins with real-world applications that will ultimately be accepted internationally.

Proof of stake network Algorand (ALGO) has upgraded its network's mainnet transaction capacity to 6,000 transactions per second (tps), according to a press release shared with CryptoSlate. The post Algorand mainnet performance to increase 5x after new upgrade appeared first on CryptoSlate.

FIFA is set to launch FIFA+ Collect, a digital platform that enables all football fans to collect and own football-themed digital non-fungible tokens, later this month on the Algorand blockchain. FIFA+ Collect will be accessible through the FIFA+ web and mobile application, which already streams live football games, news, and event.

The international soccer governing body, FIFA, has announced the upcoming launch of an NFT platform for fans of the sport across the globe. FIFA+ Collect will offer digital collectibles perpetuating the greatest game moments of FIFA's world cups, the organization promised.

The eyes of the football (or soccer depending on where you're from) world turn to Qatar for the 2022 World Cup later this year. The event will be played in November and December and will feature a new platform with NFTs related to the event held once every four years.