Algorand (ALGO) has delivered a protocol upgrade to cut block confirmation times to approximately 3.3 seconds, boosting network performance that reduces block confirmation times to approximately 3.3 seconds, significantly improving network performance.
Block time refers to the time miners or validators take to verify a transaction and produce a new block. This is a factor in network speed, measured in Transactions Per Second (TPS). Low block times/high TPS is a significant aspect of solving the scalability challenge.
For comparison with Algorand’s upgraded performance, the block times of other significant Proof-of-Stake (PoS) blockchains are:
Blockchain
Block Time
Ethereum
12 seconds
BNB Chain
3 seconds
Cardano
20 seconds
Polygon
2 seconds
(BNB Chain, previously Binance Smart Chain, is a Proof-of-Stake Authority (PoSA) chain, which incorporates designated validators operating the network, unlike a pure PoS chain with few barriers to joining the network.)
The upgrade also included add
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