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Algorand (ALGO)

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Algorand is a project that is building an upgraded version of the Proof-of-Stake (PoS) protocol . Intended to be a blockchain payments platform that is technically more sound, the project was founded in 2017 by Silvio Micali, an MIT professor and cryptographer. The token’s crowdsale in 2019 raised $60 million, selling out in 4 hours. 

Boldly calling itself “the future Proof of Stake Blockchain”, Algorand is working on solving three problems plaguing the cryptocurrency market: decentralization, scale and security. The aforementioned PoS protocol is at the heart of the team’s approach, which the team says finalizes blocks in seconds and offers transaction performance on the same level as large scale payment networks.

On the technological front, the main features of the Algorand platform are its cryptographic sortition, its network level security features and all of the benefits that come from its transaction. The cryptographic sortition chooses a different set of users for every round of block selection and to protect the network. Users are randomly selected for participation in the consensus protocol. Furthermore, when a block is proposed, and the block is certified if a majority users decide in favor of the proposal. 

The team also says that “an adversary is never able to convince two honest users to accept two different blocks for the same round.”  

Algorand’s consensus algorithm is still being developed and improved, and the team has several other features lined up for 2019 and going into 2020. Algorand’s Vault is a blockchain compression technology that lets users join the network without downloading a large amount of data. Another interesting feature is Pixel, a digital signature scheme that reduces space requirements for PoS systems. Atomic swaps and self-validating transactions are also on the agenda.  


Algorand State Proofs - an Acceleration toward Full Decentralization

6 hours ago 3 minute read 1 comment kev_nag

Rotem Hemo, Director of Product Management and a member of the founding team at Algorand, in a September 7, 2022 blog described Algorand State Proofs as follows: State Proofs are lightweight, cryptographically provable, portable proofs of Algorand s...

Blockchain State Proofs- the new, safer, decentralized way to bridge assets? Algorand creates new possible bluechip tech

24 Sep 2022 2 minute read 1 comment vanassen.eth

                    As we advance through this era of web3, it's necessary that we find proper and safe ways to transfer value through the net. That is, of course, the essential point of web3; the transfer of true value online, whatever that be denom...

WEEKLY PRICE DIGEST: BTC, XRP, XLM, CRO & ALGO

24 Sep 2022 1 minute read 0 comments SimpleLearn

This week we remember for another meeting on the Fed rate and its rise by 0.75 to 3.25%. At the time of the news release, there was a strong volatility in the instruments on the market, but as a result, the prices for the main instruments remain in t...

FIFA + NFTs just dropped

22 Sep 2022 1 minute read 0 comments 8bitb4rt

FIFA just minted some special edition World Cup moments you can collect as NFTs. The site is integrated with Algorand's Pera Wallet if you prefer to pay in USD-A. https://collect.fifa.com/drops/genesis-drop Thank you for reading my post, if you enjo...

Tellor Developer Call September 19th 2022 

19 Sep 2022 8 minute read 0 comments Tamsay

Links  Youtube link: https://www.youtube.com/watch?v=LRff9jMvPBs  Official links: https://linktr.ee/Tellor    Smary  Today's Topics include: Dev Update     Whole call    Nick: Alright hey everyone welcome to Tellor developer call September 19th so so...

Algofi: The Bank of Algorand

17 Sep 2022 1 minute read 0 comments TyreP

*THIS IS NOT FINANCIAL ADVICE! DO YOUR OWN RESEARCH!!!* Algofi is different from other crypto lending platforms. "Why is it different?" You might ask. Well that is because Algofi is on Algorand. Like other lending platforms, Algofi has a swap featur...

FIFA is launching an NFT project, powered by Algorand

14 Sep 2022 1 minute read 3 comments ZeroRequiem

FANS of FOOTBALL and NFTs REJOICE!   FIFA, the international governing body of football, has announced a new NFT project, that is quite similar to NBA Top Shot. The project will be called ''FIFA+Collect'' and will comprise a marketplace of tokenized...

Tellor Developer Call September 6th 2022 

12 Sep 2022 19 minute read 0 comments Tamsay

Links  Youtube link: https://www.youtube.com/watch?v=rUYNQ1NZICM  Official links: https://linktr.ee/Tellor    Summary    Tellor 360 Audit Update, EthOnline Hackathon, Tellor Deep Dive https://youtu.be/pxx9uc6qF68 , Code/Project Updates (are you a dev...

Algorand has an edge and soon we will see it!

12 Sep 2022 1 minute read 5 comments MikeZillo

In this week's news, two are of extreme importance: The further centralization of Binance and the increased transaction speed of Algorand!Happy reading! https://cointelegraph.com/news/ethereum-ready-for-the-merge-as-last-shadow-fork-completes-succe...

Algo AMM overview: Automated Prediction Market Maker on Algorand

2 Sep 2022 1 minute read 0 comments Pfed-prog

The application lets people trade on the outcomes of events, and follow the odds to garner accurate insights about the future. Users buy or sell Voting Shares, which can be redeemed for 1 unit of the stable asset if the outcome is resolved as correct...