On November 21st, the Algorand Foundation officially released Algorand's next-generation protocol upgrade. Algorand v2.0 provides standardized asset creation, atomic transfer and smart contracts directly in Layer 1, allowing developers to better utilize the Algorand protocol. Scalability and security. Enterprise-scale Dapp will be able to build on this PPoS (Pure proof-of-stake) blockchain without sacrificing performance. After the upgrade, it became possible to develop real-world use cases for scalable blockchain local solutions. Three new features built directly in Layer 1 offer many benefits in terms of efficiency, scalability, and final validation.