Algorand Successfully Improve Network Performance, 10 Percent Faster

Algorand got a significant increase. (Photo; Doc. BTC-echo)

JAKARTA - Algorand's leading blockchain platform, has managed to improve its performance after making improvements to key protocols. The changes include a consensus, block size, and block time mechanism, which has an impact on increasing transaction speed and reducing costs.

This increase makes the Algorand network 10 percent faster than before, allowing more transactions per second. With this change, transaction throughput will significantly increase, so that users can easily deliver and receive funds through the platform.

In addition, the Algorand block time has been successfully reduced from 3.8 seconds to 3.3 seconds. This means the new block can be added to the blockchain more often, which ultimately increases transaction speed. With this change, the Algorand network becomes more competitive in blockchain space.

Paul Riegle, Chief Product Officer in Algorand, explained that this upgrade aims to provide the best technology for developers and end users. Through these new features, developers can more quickly bring high-quality dApps to the market with the help of customized datasets and more efficient testing.

In a wider ecosystem update, Algorand also presents other features such as simulators that allow testing and simulations before the code is uploaded to the mainnet, as well as a new job framework that allows anyone to build simple and customized data.

Algorand's original coin, ALGO, has also seen a price increase of more than 40% in the past two weeks. This increase in performance and price increase show the potential for Algorand growth and increased interest from market players in this blockchain platform.