The number of addresses on the Algorand network has increased by 6 million since the beginning of the year

This is 35% more than it was at the beginning of the year

10.03.2022 - 14:15

187

1 min

What’s new? Algorand’s blockchain has seen an increase of 6 million new users since the beginning of this year, according to AlgoExplorer. The total number of addresses on the altcoin network has increased by 35%. The Algorand token (ALGO) is the 29th largest cryptocurrency by capitalization ($4,8 billion) according to CoinGecko.

FinBold’s material

What is known about Algorand? Algorand is an open-source blockchain platform focused on smart contracts. The Algorand network has been undergoing major technical upgrades since early 2022, which will allow Algorand-based products to operate on other blockchains.

Who does Algorand partner with? In February 2022, Applied Blockchain received a grant from the Algorand Foundation to create the London Bridge blockchain bridge. This bridge will allow Algorand to integrate securely with other blockchain networks, particularly Ethereum.

Link to the Algorand Foundation

Author: