{"id":501852,"date":"2022-09-10T12:50:42","date_gmt":"2022-09-10T12:50:42","guid":{"rendered":"https:\/\/wncen.com\/?p=501852"},"modified":"2022-09-10T11:10:44","modified_gmt":"2022-09-10T11:10:44","slug":"algorand-fast-upgrade-could-be-a-game-changer-heres-how","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/algorand-fast-upgrade-could-be-a-game-changer-heres-how\/","title":{"rendered":"Algorand Fast Upgrade Could Be A Game-Changer \u2013 Here\u2019s How"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">Algorand (ALGO) has always been lauded for its imagination and innovation.<\/span><\/em><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Algorand\u2019s mainnet update can process as much as 6,000 TPS<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">ALGO beats BTC and ETH when it comes to speedy transactions<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">ALGO price is now up by 6.88% following the announcement of mainnet update<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">And it\u2019s now stepping up the game. Recently, Algorand has wowed the community once again with a major upgrade done to its system.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With this new update, Algorand is described to be quantum-secure and can now process as many as 6,000 transactions per second. This is nothing new though for ALGO as it has always been considered one of the crypto networks with the fastest processing of transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, Algorand\u2019s mainnet can process a maximum of 1,000 transactions per second prior to this upgrade.<\/span><\/p>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/algorand-posts-price-drops-in-last-30-days\/\"> Algorand (ALGO) Posts Double-Digit Price Drops In Last 30 Days<\/a><\/div>\n<\/div>\n<h2><b>ALGO Beats BTC, ETH In Transaction Speed<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Nothing else comes close but CELO, XRP, and SOL that can somehow catch up to the speed of ALGO. It\u2019s in fact one blockchain network that can beat both Bitcoin and Ethereum when it comes to transaction speeds. <\/span>Albeit, this recent upgrade on ALGO\u2019s mainnet could mean that other crypto networks may literally eat dust.<\/p>\n<p><span style=\"font-weight: 400\">Besides having that fast and furious vibe, ALGO encompasses to have also filled the gaps when it comes to issues surrounding third-party interference. The upgrade on the mainnet comprises of a state-of-proof integration as well wherein users can seamlessly create cross-chain communications without involving any middleman which also helps prevent cyberattacks.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Rotem Hemo, one of the founders of ALGO, mentioned in his post on Medium that mainnet upgrade also includes a DApp update plus an extra layer of AM7 for seamless developer access.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Hemo, \u201cAVM 7 provides the ability to create randomness oracles that will enable every smart contract to get fresh randomness from a secure source when needed.\u201d<\/span><\/p>\n<h2><b>Algorand Price Up 6.8% Following Mainnet Update<\/b><\/h2>\n<p><span style=\"font-weight: 400\">With the mainnet update announcement, ALGO price seems to have also spiked favorably. According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/algorand\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400\">, Algorand price is up by 6.88% or trading at $0.3194 as of press time. But, despite the price increase, ALGO has still dropped by 91.63% from its ATH.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-501855 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/al.png?resize=519%2C193\" alt=\"\" width=\"519\" height=\"193\"><\/p>\n<pre style=\"text-align: center\">Chart: Santiment<\/pre>\n<p><span style=\"font-weight: 400\">On the other hand, ALGO\u2019s trading volume has slipped by 9.06% but its market cap has soared and climbed to a whopping $2.08 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the rally, Algorand seems to be showing a bearish correction happening in the next couple of days. In fact, today\u2019s trading session shows that the ALGO price has been slipping by a few percent.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, with the mainnet upgrade, most investors are optimistic that ALGO may hit the $3.56 zone again. ALGO\u2019s price has spiked by 4.8% following the latest news of its upgrade making Algorand five times faster and more efficient.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin-approaches-20000-level\/\">Bitcoin Bulls Aim Past $20,000 Level \u2013 How Hard Can They Charge Forward?<\/a><\/div>\n<div><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/9Rbt98Om\/\" width=\"1834\" height=\"875\"><\/div>\n<pre style=\"text-align: center\">ALGO total market cap at $2.2 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from CoinCentral, chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Algorand (ALGO) has always been lauded for its imagination and innovation. Algorand\u2019s mainnet update can process as much as 6,000 TPS ALGO beats BTC and ETH when it comes to speedy transactions ALGO price is now up by 6.88% following the announcement of mainnet update And it\u2019s now stepping up the game. Recently, Algorand has wowed the community once again with a major upgrade done to its system. With this new update, Algorand is described to be quantum-secure and can now process as many as 6,000 transactions per second. This is nothing new though for ALGO as it has always been considered one of the crypto networks with the fastest processing of transactions. In fact, Algorand\u2019s mainnet can process a maximum of 1,000 transactions per second prior to this upgrade. Related Reading: Algorand (ALGO) Posts Double-Digit Price Drops In Last 30 Days ALGO Beats BTC, ETH In Transaction Speed Nothing else comes close but CELO, XRP, and SOL that can somehow catch up to the speed of ALGO. It\u2019s in fact one blockchain network that can beat both Bitcoin and Ethereum when it comes to transaction speeds. Albeit, this recent upgrade on ALGO\u2019s mainnet could mean that other crypto networks may literally eat dust. Besides having that fast and furious vibe, ALGO encompasses to have also filled the gaps when it comes to issues surrounding third-party interference. The upgrade on the mainnet comprises of a state-of-proof integration as well wherein users can seamlessly create cross-chain communications without involving any middleman which also helps prevent cyberattacks. Rotem Hemo, one of the founders of ALGO, mentioned in his post on Medium that mainnet upgrade also includes a DApp update plus an extra layer of AM7 for seamless developer access. According to Hemo, \u201cAVM 7 provides the ability to create randomness oracles that will enable every smart contract to get fresh randomness from a secure source when needed.\u201d Algorand Price Up 6.8% Following Mainnet Update With the mainnet update announcement, ALGO price seems to have also spiked favorably. According to CoinMarketCap, Algorand price is up by 6.88% or trading at $0.3194 as of press time. But, despite the price increase, ALGO has still dropped by 91.63% from its ATH. Chart: Santiment On the other hand, ALGO\u2019s trading volume has slipped by 9.06% but its market cap has soared and climbed to a whopping $2.08 billion. Despite the rally, Algorand seems to be showing a bearish correction happening in the next couple of days. In fact, today\u2019s trading session shows that the ALGO price has been slipping by a few percent. However, with the mainnet upgrade, most investors are optimistic that ALGO may hit the $3.56 zone again. ALGO\u2019s price has spiked by 4.8% following the latest news of its upgrade making Algorand five times faster and more efficient. Related Reading: Bitcoin Bulls Aim Past $20,000 Level \u2013 How Hard Can They Charge Forward? ALGO total market cap at $2.2 billion on the daily chart | Source: TradingView.com Featured image from CoinCentral, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":501853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85658,3],"tags":[86821,85659,71759,1144,65296,8686],"class_list":["post-501852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algorand-algo","category-news","tag-algo-mainnet-update","tag-algo-price","tag-algorand","tag-btcusd","tag-ethbtc","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Algorand Fast Upgrade Could Be A Game-Changer \u2013 Here\u2019s How<\/title>\n<meta name=\"description\" content=\"Algorand (ALGO) has always been lauded for its imagination and innovation. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Algorand Fast Upgrade Could Be A Game-Changer \u2013 Here\u2019s How","url":"http:\/\/wncen.com\/news\/algorand-fast-upgrade-could-be-a-game-changer-heres-how\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/algorand-fast-upgrade-could-be-a-game-changer-heres-how\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Algorand.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Algorand.png?fit=842%2C470"},"articleSection":"Algorand","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["algo mainnet update","algo price","algorand","btcusd","ethbtc","ethusd"],"dateCreated":"2022-09-10T12:50:42Z","datePublished":"2022-09-10T12:50:42Z","dateModified":"2022-09-10T12:50:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Algorand Fast Upgrade Could Be A Game-Changer \\u2013 Here\\u2019s How\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/algorand-fast-upgrade-could-be-a-game-changer-heres-how\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/algorand-fast-upgrade-could-be-a-game-changer-heres-how\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Algorand.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Algorand.png?fit=842%2C470\"},\"articleSection\":\"Algorand\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"algo mainnet update\",\"algo price\",\"algorand\",\"btcusd\",\"ethbtc\",\"ethusd\"],\"dateCreated\":\"2022-09-10T12:50:42Z\",\"datePublished\":\"2022-09-10T12:50:42Z\",\"dateModified\":\"2022-09-10T12:50:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Algorand.png?fit=842%2C470","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/501852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=501852"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/501852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/501853"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=501852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=501852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=501852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}