Algorand Blockchain Has Grown 35% In Q1 2022

The Algorand (ALGO) blockchain has added over 6 million new accounts to its network since the beginning of 2022. According to AlgoExplorer data, the total number of accounts on Algorand at the turn of the year was 17,373,299, while at press time (by March 10, 2022), this number was 23,548,065. This represents a 35% gain from the start of the year. Algorand Gains 6 Million Users One reason for the enormous increase in interest in ALGO could be the network’s major technical improvement, which would allow Algorand-based products to run on other blockchains and in low-power contexts like mobile phones and smartwatches. Algorand total accounts. Source: AlgoExplorer Algorand also anticipates the development of London Bridge, a trustless bridge that will connect the platform to Ethereum (ETH). Commenting on the upgrade, Paul Riegle, the Chief Product Officer at Algorand stated: The power and composability of Algorand’s smart contract platform has transformed in recent months. Developers are building versatile decentralized applications that have and will continue to disrupt a wide variety of industries. With this latest upgrade, Algorand continues its leadership position when it comes to ongoing delivery of highly sophisticated blockchain technology. It’s also worth noting that the Algorand Foundation hired a new CEO, none other than former JPMorgan executive Staci Warden, only a few days before the award announcement. Sh...