Algorand upgrade could increase speed and cross-chain transaction capability

Quick Take

  • 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.

About Author

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.