The Algorand 2.0 protocol has met the upgrade requirements and the new consensus version will take effect tomorrow

BlockBeats news, Algorand foundation announced today,Algorand 2.0& have spent Since the release of the agreement, the current upgrade situation has exceeded the 90% threshold required for the acceptance of the agreement upgrade, approaching 100%. All participants on the Algorand chain will need to upgrade their protocols to accept binary code in the next 10,000 blocks, with the 10,000th block expected to be generated at 4:30 am SGT on Wednesday, November 27.

As mentioned earlier, the upgrade process is including a threshold, the proposed statement they have 90% or more of the blocks for the next consensus version ready, once reached 90% threshold, all using the new binary version will need to switch to the new consensus, fully USES the new version of the agreement will be reached to 90% threshold after 10000 block.

The Algorand foundation announced the launch of the Algorand 2.0 protocol on November 21. The availability of next-generation protocol upgrades greatly expands the scope of decentralized applications (Dapps) and processes that can be built on the Algorand platform. For the first time, enterprise-scale Dapps can be built on the world's first pure PPoS blockchain without sacrificing performance.

Related reading:https://www.theblockbeats.com/news/4987

Original address:https://algorand.foundation/v2-upgrade-process

Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.

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