Algorand added Trustless Cross-Chain Crypto Communication and other improvements after a recent upgrade
Algorand has undergone an upgrade that places the Layer 1 protocol as one of the fastest in crypto. Proof of stake network Algorand’s upgrade involved making changes to the network’s transaction capacity on the mainnet.
After the upgrade, the transaction capacity has shot up to 6,000 transactions per second (tps).
Blockchain has also introduced cross-chain communication and transaction speed improvements with this latest upgrade to the protocol.
This upgrade mainly introduces State Proofs into the mainnet of crypto and it meant the introduction of trustless communication between different blockchain protocols.
Current processing speed of the cryptocurrency was 1200 and now it has gone up to 6000 transactions per second.
Along with these major changes, this upgrade also brings in many new tools for developers.
They include on-chain randomness features for decentralized applications (DApps) running on Algorand.
On-chain randomness has been a key feature of the Algorand PPOs consensus, in this consensus the network validators are chosen randomly and not by the respective number of Algorand tokens staked.
Introduction of government certificates
Algorand’s upgrade has added State Proofs to the network and made reliable cross-chain communication possible by providing security to multiple blockchains without the need for a third party.
To understand what State Proof is, it is a new technology in which the market will solve the issue of dependence of blockchain networks on bridges and centralized validation networks.
This feature will eliminate the exploits and attacks that have become common with bridges.
Algorand’s founder Silvio Micali said:
Algorand proves once again that decentralization does not have to come at the expense of performance or security. Interoperability between blockchains is the future, and Algorand State Proofs are a critical security feature for communication between networks.
The upgrade has also improved the Algorand ecosystem by bringing new tools to make the network better and is now better suited for decentralized applications in different sectors.
In any case, Algorand has been named an already established high-performance Layer-1 blockchain and has a verifiable carbon negative status that has helped Algorand.
Better security guarantees after the upgrade
Transaction per second is usually a measure of speed and is not correlated to finality, which is when a transaction is considered to be processed and completed on the blockchain.
In relation to the finality, in terms of security guarantee, the transaction must not be reversed and must be considered during the assessment of TPS in blockchains.
Paul Reigle, Chief Product Officer, said of the upgrade that government proofs will be an important and innovative part when it comes to ensuring blockchain interoperability.
Founder, Silbio Micali was also of the same faith and said that the State’s evidence is important.
Despite what they have said, decentralization does not have to be insecure nor should it lack proper performance.
It is a “critical security feature for communication between networks.”
