- The average block interval duration has stayed around 2.9 seconds per block post upgrade.
- Dynamic Lambda was first approved for the network on January 10th.
An updated protocol has reduced the time it takes to create a block on the layer-1 blockchain Algorand by almost 20%, bringing the average block time down to less than three seconds. With the release of the Dynamic Lambda (dynamic round times) update, the Algorand Foundation boasted improved network speed and faster throughput in a post on Twitter on January 17th.
Since the change, the average block interval duration has stayed around 2.9 seconds per block, according to block time data from Grafana. The average time it takes for an Ethereum block to be created is around 12 seconds. The average time to generate a block was around 3.3 seconds before the upgrade.
More Improvements Underway
Moreover, Algorand said that Dynamic Lambda, which was first approved for the network on January 10th, is an algorithm that modifies the finality of blocks “based on network congestion and other factors.” Also, the system is said to be able to reduce average delays, improve scalability, and expedite confirmations.
Support for the Python programming language, an improvement to the consensus process, a move to a peer-to-peer gossip network akin to Bitcoin, and an increase in the number of non-archival relay nodes are all on the chess-themed roadmap for this year.
Furthermore, in the near future, millions of developers around the globe will be able to use a language they are already acquainted with to create decentralized apps on Algorand.
The original intention of launching Algorand was to disprove the “blockchain trilemma” argument, which states that a blockchain may only prioritize two of three features: security, scalability, or decentralization.
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