Algorand upgrade could increase speed and cross-chain transaction capability

Algorand, a proof of stake Layer 1, has announced a new upgrade to its protocol that could boost its transactions per second (TPS) and cross-chain communication security via state proofs.

Algorand’s state proofs are an interoperability standard that aims to securely connect Algorand to other blockchains and boost TPS. State proofs provide an interface any proof of stake blockchain can use for cross-chain communication and transactions. Algorand claims this upgrade increases the network TPS from 1,200 to 6,000.