The proof-of-stake network Algorand upgraded its platform on Thursday. It has introduced various improvements to ensure cost-efficient and quicker app development. The latest network update will significantly reduce block time. The blockchain’s confirmed lowering block time from 3.8 seconds to 3.3 seconds, which represents the largest percentage reduction for Algorand. Algorand upgrades amid increased competition The post Algorand (ALGO) reduces block time with new protocol upgrade appeared first on Invezz .