Algorand developers upgraded the network. According to the statement, the update increased the bandwidth of the blockchain from 1200 to 6000. TPS.

1/ Master Protocol Upgrade: Now live #algorand MainNet provides Proofs of State for release, reliable cross-chain communication and 5X faster performance 👉 https://t.co/nN6hw5MPxp pic.twitter.com/wH2tW2fi2O

— Algorand (@Algorand) 7 September 2022

The update includes the Proof-of-Stake solution. This tool is a standard for interoperability of blockchains with the outside world without intermediaries.

“Decentralization should not come at the expense of performance or security. Silvio Micali, founder of Algorand, said that interaction between blockchains is the future and State Proofs is a critical security feature for communication between networks.

The team recalled that the performance of the Visa network is 1500-2000 TPS, the Bitcoin blockchain can process about five transactions per second, and Ethereum – up to ten.

“This update marks an important milestone in the Algorand roadmap. “From State Proofs, a revolutionary security feature for blockchain interoperability, to increased TPS, we provide the tools Web3 applications need to realize their enormous potential,” said Paul Rigle, Algorand product director.

The developers stated that Algorand has experienced no downtime since its launch. It has become the basis of “thousands” of projects in the fields of Blockchain, DeFi, NFT, payment solutions, regulated digital assets and others.

Recall that an update to the Algorand protocol in August simplifies the creation of DeFi applications on it.

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