Onchain Algorand Staking Rewards Successfully Launched – 14:14, 23/01/25

The Algorand protocol has successfully rolled out its highly anticipated update, introducing onchain staking rewards to incentivize block proposing nodes on the network. The protocol uses transaction fees and circulating supply subsidies to fairly distribute rewards, enhancing the ecosystem's sustainability and incentivization structure.

This update represents a significant milestone in further decentralizing the Algorand network. Since its implementation, the network has seen an 89% increase in active nodes, with the United States, Germany, and Great Britain accounting for 58% of total node activity. By empowering more participants to contribute to the network's operations, this upgrade not only strengthens security but also reinforces Algorand's commitment to being a robust, decentralized, and inclusive blockchain.

To explore rewards distribution in detail,

Visit the Rewards Transaction URL: https://allo.info/account/Y76M3MSY6DKBRHBL7C3NNDXGS5IIMQVQVUAB6MP4XEMMGVF2QWNPL226CA/txns

For a comprehensive overview of the network and its nodes,

See the Node Network Dashboard: https://g.nodely.io/d/network/network

This evolution marks a crucial step in Algorand’s journey toward broader adoption and innovation within the blockchain ecosystem.