Algorand announced a new upgrade launching state proofs, which could increase its cross-chain communication and security.
Algorand stated its TPS could increase from 1,200 to 6,000.
The launch of state proofs is geared toward building out secure, cross-chain transactions using the Algorand blockchain.
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Mike is a reporter on the crypto ecosystems team who specializes in zero-knowledge proofs and applications. Prior to joining The Block, Mike worked with Circle, Blocknative, and various DeFi protocols on growth and strategy.