Algorand (ALGO) Blockchain Activates Major Upgrade: What We Know

The upgrade reduced block finality time for end users by over 10%: This metric reached 3.3 seconds for the first time in the history of the blockchain.

Paul Riegle, chief product officer at Algorand, stressed the importance of the new developer tools for all Web3 engineers: Finally, developers received a clutch of powerful tech tools, including the likes of group resource sharing for application calls, devmode timestamp control for testing dApps and new Algod endpoints for transaction group state updates.The reduction of block finality time was the backbone element of the aforementioned upgrade. Simply put, it makes transactions faster for end users.

The launch of Simulate, a cutting-edge simulator of transactions, comes with two big enhancements. Developers can now work with an increased amount of logging allowed for smart contracts and an enlarged opcode budget allowed for smart contracts.

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