News

Curated news from the Algorand ecosystem

Protocol

ARC-055 finalized, standardizing on-chain multisig storage and transfers

ARC-055 has been finalized as an Algorand Request for Comments standard. It defines how smart contracts store transactions and signatures on-chain to simplify multisignature processes.

The standard was published on the Algorand Standards GitHub repository on 16 October 2023.

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xGov Protocol
xGov-31 adds arbitrary decimal precision to the Algorand Virtual Machine

A new xGov proposal seeks to expand the capabilities of the Algorand Virtual Machine (AVM) by adding opcodes for exponential, logarithmic, and power functions. The change would introduce decimal float types to allow for more complex mathematical and financial applications, such as smart treasuries, that require high-precision calculations.

Protocol
ARC-200 defines a base interface for smart contract tokens on Algorand

The ARC-200 specification provides a base interface for tokens that function as smart contracts. This is a living standard track in the Algorand Research and Core (ARC) documentation.

Protocol Release
Algorand reduces block time to 3.3 seconds and adds Simulate and Conduit in Mainnet upgrade

The latest Algorand Mainnet upgrade increases block speed by more than 10 percent, reducing block times to approximately 3.3 seconds while maintaining instant transaction finality. The update also introduces new developer tools, including Simulate for smart contract testing, Conduit for flexible data access, and several new technical capabilities for application development and resource sharing.