Algorand network update reduced block production time by 20%
The protocol update is called Dynamic Lambda or “dynamic round time.” It increased network capacity and performance.
The change “changes the finality of blocks depending on network load and other factors.” If previously the average block release time was 3.3 seconds, now the figure has dropped to 2.9. For comparison, in the Ethereum network, blocks are issued once every 12 seconds, and in the network of the first cryptocurrency - once every 10 minutes.
“Imagine that we are talking about a bus stop, where now transport does not run on a fixed schedule, but picks up people as they accumulate,” explained the developers from Algorand.
They also said that this year they plan to add the Python programming language, switch to using more non-archive relay nodes, update the consensus algorithm and switch the network type to peer-to-peer, like Bitcoin.
Late last year, the developers of AlgoExplorer, a block explorer for the Algorand blockchain ecosystem, announced the closure of the project due to lack of funding from the Algo Foundation.
