* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Algorand Blockchain Poised For A Big Network Update; Will It Help?

Date:

Share post:

Algorand, the world’s first open-source pure POS (proof of stake) blockchain, has announced its next big technical update. The update that will make Algorand blockchain-based decentralized applications (Dapps) run efficiently on various low-power devices like a smartphone as well as on other blockchains.

Dapps are digital applications that run on a specific blockchain or a peer-to-peer network (P2P) instead of a single server or computer. 

What Has Changed For Algorand-Based Dapps?

There are several Dapps built on the Algorand blockchain and most of them work using their own smart contracts.

Until today, developers of Dapps in the Algorand blockchain had no option to automatically make a direct call to other developers. The only way a Dapp developer could call other developers was by manually storing the contract data in each smart contract’s local and global versions. To solve this time-consuming issue, Algorand has decided to implement an upgrade that will enable developers to call each other directly on the go, automatically.

What Does…

Read more…

Related articles

US Senators Press Crypto Bank Silvergate on Ties to FTX: Bloomberg

In a letter sent to Silvergate on Monday that was viewed by Bloomberg, the senators asked Silvergate about...

Ukrainian fintech helping startups with wartime finance raises $1 million

Fuelfinance, a Kyiv-based fintech that develops financial management and planning software for startups, has raised $1 million, mostly...

Powell Won’t Break S&P 500 Rally; Wage Growth Eases

If markets are right, tomorrow's Fed meeting policy statement will announce the next-to-last rate hike of the cycle,...