The Sign-up Window for the 3rd Governance Period for Would-be Governors is Now Open
Singapore, April 1st, 2022 - We are excited to share the sign-up window for would-be Governors for the third period of Algorand Community Governance is now live and available.
Any Algo holder can now sign up to serve as a Governor by committing Algos to the program for three months and participating in voting during this time. Governors are rewarded for their service to the Algorand community at the end of the three-month period. Algorand Community Governance yields to Governors the decision-making power over the Algorand Ecosystem Resource Pool (AERP), a pool of Algos that currently has more than 3 Billion Algos.
Read more:https://algorand.foundation/news/3rd-governance-period
Topic: [ANN] [ALGO] Algorand - Decentralized Sustainable Green Network - page 2. (Read 1160 times)
Algorand (ALGO) Crypto: Does the Future Look Good for Investors?
https://www.gobankingrates.com/investing/crypto/algo-crypto/
Quote
Algorand is a permissionless blockchain platform that runs on a decentralized byzantine agreement protocol, which utilizes a pure proof-of-stake protocol. PPoS allows users to reach consensus and validate transactions based on the proportion of ALGO crypto coins they own. Capable of meeting large computational power demands, Algorand was developed to address several other challenges, too, including the likelihood of a 51% attack and any attempts at forking, which makes blocks and transactions that were once invalid, valid once again.
The platform’s digital coin ALGO began trading publicly in 2019 and was included in the list of all the top crypto exchanges. Between late January and mid-February 2022, the ALGO crypto price per share fluctuated between a high of $1.32 and a low of 83 cents. A little more than 7 billion ALGO coins are in circulation as of March 2022. The maximum supply of ALGO crypto coins stands at 10 billion.
As with other cryptocurrency platforms, users can conduct microfinance, copyright, and real estate transactions, for example, using Algoland. This platform was mainly designed, though, to enable developers to build new cryptocurrency-related applications.
Top Features of Algorand:
-Verifiable random functions: Pioneered by Algorand, VRF is a consensus algorithm that takes a secret key and a value and produces a pseudorandom output, providing proof that anyone can use to verify results. This is what leads to faster transaction speed and lower fees compared to other blockchains.
-Efficient transactions: ALGO crypto can be used for all transactions on the network, allowing purchases to occur quickly, easily, and cost-effectively.
-Scalable blockchain: Algorand’s blockchain protocol allows it to process thousands of transactions per second with low latency and cost. This allows for easy adoption by businesses and individuals.
-Reliable security: Cryptographic tools allow the network to achieve high levels of security while keeping data private. These tools enable users to remain anonymous and prevent tampering or revision of transactions on the blockchain.
-Turing complete: The Algorand blockchain is Turing-complete or universal, meaning that it runs any program. This allows for the easy creation of smart contracts and decentralized applications with minimal development work.
-Staking: While anyone who owns ALGO crypto can typically vote on new block creation, those with a higher stake — or who own more ALGO tokens — generally have a stronger say over validating transactions.
The platform’s digital coin ALGO began trading publicly in 2019 and was included in the list of all the top crypto exchanges. Between late January and mid-February 2022, the ALGO crypto price per share fluctuated between a high of $1.32 and a low of 83 cents. A little more than 7 billion ALGO coins are in circulation as of March 2022. The maximum supply of ALGO crypto coins stands at 10 billion.
As with other cryptocurrency platforms, users can conduct microfinance, copyright, and real estate transactions, for example, using Algoland. This platform was mainly designed, though, to enable developers to build new cryptocurrency-related applications.
Top Features of Algorand:
-Verifiable random functions: Pioneered by Algorand, VRF is a consensus algorithm that takes a secret key and a value and produces a pseudorandom output, providing proof that anyone can use to verify results. This is what leads to faster transaction speed and lower fees compared to other blockchains.
-Efficient transactions: ALGO crypto can be used for all transactions on the network, allowing purchases to occur quickly, easily, and cost-effectively.
-Scalable blockchain: Algorand’s blockchain protocol allows it to process thousands of transactions per second with low latency and cost. This allows for easy adoption by businesses and individuals.
-Reliable security: Cryptographic tools allow the network to achieve high levels of security while keeping data private. These tools enable users to remain anonymous and prevent tampering or revision of transactions on the blockchain.
-Turing complete: The Algorand blockchain is Turing-complete or universal, meaning that it runs any program. This allows for the easy creation of smart contracts and decentralized applications with minimal development work.
-Staking: While anyone who owns ALGO crypto can typically vote on new block creation, those with a higher stake — or who own more ALGO tokens — generally have a stronger say over validating transactions.
https://www.gobankingrates.com/investing/crypto/algo-crypto/
Algorand Foundation partners with Professor Xiaotie Deng team at Peking University to support research on market theory, NFTs and governance algorithms on Algorand Network
March 24th, 2022 - The Algorand Foundation is delighted to announce the partnership with Frontiers of Blockchain Research Lab, Center of Frontiers of Computing Studies at Peking University for research collaboration on the Algorand Network.
“The goal of the research is not only to build market theories for digital assets on the Algorand network,” explains Professor Xiaotie Deng, principal investigator on the project, “but we also want to investigate the auction and pricing models for NFTs in the form of Algorand Standard Assets and assess the governance algorithms of DeFi and digital assets on the Algorand network.”
Read more: https://algorand.foundation/news/peking-university
March 24th, 2022 - The Algorand Foundation is delighted to announce the partnership with Frontiers of Blockchain Research Lab, Center of Frontiers of Computing Studies at Peking University for research collaboration on the Algorand Network.
“The goal of the research is not only to build market theories for digital assets on the Algorand network,” explains Professor Xiaotie Deng, principal investigator on the project, “but we also want to investigate the auction and pricing models for NFTs in the form of Algorand Standard Assets and assess the governance algorithms of DeFi and digital assets on the Algorand network.”
Read more: https://algorand.foundation/news/peking-university
Join today's Introduction to Algorand session which will provide an overview of the Algorand protocol, a technical intro to Algorand, and an open Q&A.
To find out more about this exciting partnership and to register for today's session go to https://algorand.foundation/news/princeton-blockchain-society
To find out more about this exciting partnership and to register for today's session go to https://algorand.foundation/news/princeton-blockchain-society
Algorand Network Upgrade Expands Smart Contract Functionality with Contract-to-Contract Calls, Releases Post-Quantum Secure Keys for Trustless Cross-Chain Interoperability
Quote
Algorand, the technology company powering the platform for next-generation blockchain-based applications, today announced another major technical release that empowers sophisticated apps and marks a major milestone for cross chain interoperability. Developers are now able to build complex apps for the Algorand ecosystem with smart contract-to-contract calling and network participants can take their first step towards trustless cross-chain interoperability with quantum-secure keys for the upcoming State Proof technology. These network upgrades come on the heels of a $20 million incentive program from the Algorand Foundation focused on developer tooling and EVM compatibility, putting Algorand at the forefront of blockchain interoperability and post-quantum security while providing features for even more advanced decentralized applications.
"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," said Paul Riegle, Chief Product Officer at Algorand. "With this latest upgrade, Algorand continues its leadership position when it comes to ongoing delivery of highly sophisticated blockchain technology. We have received overwhelmingly positive feedback from developers during the beta testing and are excited to roll out these enhancements to the broader blockchain developer ecosystem."
Core components of this release include:
Smart contract compatibility with contract to contract calls. This allows complex dApps to be built that can efficiently and trustlessly interact with other smart contract based dApps to extend functionality and usability. Additional details and background on this tech can be found here.
Post-quantum secure Falcon Keys, Algorand's first major milestone on its path towards trustless cross-chain interoperability. These keys will, in the near future, be used to generate State Proofs, a new blockchain infrastructure that will allow Algorand to be trustlessly accessed in low-power environments like mobile phones, smart watches, and on other blockchains. For more background on State Proofs, please see an overview here.
These features add to Algorand's already advanced tech, high performance and robust developer resources. Smart contracts on Algorand can be written in Python or Reach, making it accessible for developers of all skillsets.
Algorand has experienced zero downtime since launch, helping it become the blockchain of choice for hundreds of organizations launching DeFi protocols, NFTs, payment solutions, regulated digital assets, and more. The network supports applications that can scale to billions of participants, all on a high-speed, carbon-negative, secure and stable blockchain.
About Algorand
Algorand is transforming economic models and economies of all kinds. Founded by Turing Award–winning cryptographer Silvio Micali, Algorand's high–performing Layer-1 blockchain is unparalleled for bringing fast, frictionless, and inclusive technologies to everyone. Algorand is reshaping every industry–from TradFi and DeFi to new creator economies and beyond. With an extraordinary commitment to interoperability and consistent delivery, our sustainable technology powers more participation, transparency, and efficiency for all. As the technology of choice for 2000+ global organizations, the Algorand ecosystem is transforming the next generation of financial products, protocols and exchange of value.
https://finance.yahoo.com/news/algorand-network-upgrade-expands-smart-235100042.html "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," said Paul Riegle, Chief Product Officer at Algorand. "With this latest upgrade, Algorand continues its leadership position when it comes to ongoing delivery of highly sophisticated blockchain technology. We have received overwhelmingly positive feedback from developers during the beta testing and are excited to roll out these enhancements to the broader blockchain developer ecosystem."
Core components of this release include:
Smart contract compatibility with contract to contract calls. This allows complex dApps to be built that can efficiently and trustlessly interact with other smart contract based dApps to extend functionality and usability. Additional details and background on this tech can be found here.
Post-quantum secure Falcon Keys, Algorand's first major milestone on its path towards trustless cross-chain interoperability. These keys will, in the near future, be used to generate State Proofs, a new blockchain infrastructure that will allow Algorand to be trustlessly accessed in low-power environments like mobile phones, smart watches, and on other blockchains. For more background on State Proofs, please see an overview here.
These features add to Algorand's already advanced tech, high performance and robust developer resources. Smart contracts on Algorand can be written in Python or Reach, making it accessible for developers of all skillsets.
Algorand has experienced zero downtime since launch, helping it become the blockchain of choice for hundreds of organizations launching DeFi protocols, NFTs, payment solutions, regulated digital assets, and more. The network supports applications that can scale to billions of participants, all on a high-speed, carbon-negative, secure and stable blockchain.
About Algorand
Algorand is transforming economic models and economies of all kinds. Founded by Turing Award–winning cryptographer Silvio Micali, Algorand's high–performing Layer-1 blockchain is unparalleled for bringing fast, frictionless, and inclusive technologies to everyone. Algorand is reshaping every industry–from TradFi and DeFi to new creator economies and beyond. With an extraordinary commitment to interoperability and consistent delivery, our sustainable technology powers more participation, transparency, and efficiency for all. As the technology of choice for 2000+ global organizations, the Algorand ecosystem is transforming the next generation of financial products, protocols and exchange of value.
February 19, 2022, 09:59:34 AM
It is reported that Algorand allocates $20 million to accelerate the development of its ecosystem, such an announcement was made by the CEO of the Algorand Foundation Staci Warden at the ETHDenver conference. The funds will be divided into two equal parts, $10 million will go to developers who are ready to provide solutions for compatibility with EVM, the remaining $10 million will go to projects that create developer tools for Algorand, such as compilers and debuggers.
Source: https://www.coindesk.com/tech/2022/02/18/algorand-pushes-for-ethereum-compatibility-with-20m-incentive-program/
Source: https://www.coindesk.com/tech/2022/02/18/algorand-pushes-for-ethereum-compatibility-with-20m-incentive-program/
February 01, 2022, 12:25:58 PM
Algorand Governance - Short video with voting
https://www.youtube.com/watch?v=nt51YbBNg1g
https://www.youtube.com/watch?v=nt51YbBNg1g
January 29, 2022, 03:23:26 AM
We're joining the party! Get ready for developer sessions, ecosystem spotlights, bounties & good times at our 1st EthereumDenver the largest web3 hackathon in the world!
Feb 11-20th in Denver! Participate virtually or IRL!
https://twitter.com/AlgoFoundation/status/1484459807461494786
Feb 11-20th in Denver! Participate virtually or IRL!
https://twitter.com/AlgoFoundation/status/1484459807461494786
January 28, 2022, 07:15:58 AM
Algorand Has Serious Plans to Transform the DeFi Sector
What if investors interested in the cryptocurrency market knew about “possibly one of the most important, native tokens (coins) in the world of cryptocurrencies today?” This is not a clickbait marketing question, but it is what Algorand (CCC:ALGO-USD) is described as by its Singapore-based Algorand Foundation.
The foundation was started to advance the technology of the platform’s ecosystem and Algo, the native token of the Algorand blockchain. It claims to be super-fast, scalable and secure.
Algorand blockchain is designed to help developers create applications based on the Algo coin, which has a price of approximately 95 cents as of Jan 27.
ALGO is ranked number 25 on CoinMarketCap based on its market capitalization of $6 billion and fully diluted market cap of $9.2 billion. It has a maximum supply of 10 billion coins with about 65% currently circulating.
Year-to-date, the crypto is down a little more than 44%. At some point during September 2021, Algorand was trading near $2.38. It followed the general cryptocurrency market collapse during late 2021 and early 2022, which is unsurprising. There is a strong correlation between coins and sour investing moods or a loss of momentum for risky assets.
Here are some key facts about Algorand to help you decide if it has a compelling investment story.
Key Information About Algorand
For many tokens and coins, we know almost nothing about their founders and their history. But that’s not the case with Algorand’s founder, Silvio Micali, who happens to be a professor of computer science at the Massachusetts Institute of Technology. CoinMarketCap elaborates on his experience:
“He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.”
The Algo has several interesting and important key features. First, it is very fast, as the average time to complete a transaction with Algo is about four seconds. Second, it is highly scalable with no restrictions on the number of transactions. The coin has no delays or compromises to affect its transaction speed.
Third, it is very secure. The Algorand blockchain is powered by a pure proof-of-stake (PoS) consensus. What this means is that the consensus protocol randomly selects validators weighted by their staked ALGO coin.
Fourth, the cost of using Algo is very cheap, unlike other blockchains. It also has very high transparency; at any time, there are available real-time metrics that can help anyone easily monitor circulating and liquid supply.
Algorand Solves the Blockchain Trilemma
Have you ever heard of the blockchain trilemma? If not, it is a very important puzzle that Algorand is addressing. The blockchain trilemma is the difficulty of achieving all three core features of security, scalability and decentralization in a platform.
Algorand is providing a solution to this trilemma with randomness. It selects validators randomly from all token holders, a highly effective approach that supports both security and decentralization.
The platform has smart contract capabilities, but its technology is aimed mainly at financial services and decentralized finance (DeFi) applications. For example, the Algorand Foundation “announced the 150M Algo Viridis Fund to support and incentivize the creation of the world’s most efficient, scalable, and micro-fee DeFi ecosystem.” This is very important news and a strong step toward ALGO becoming a key player in the DeFi sector.
Some interesting applications of Algorand include yield farming, DeFi lending, non-fungible token (NFT) marketplaces and synthetic assets. Its foundation has created a $200 million liquidity fund for its DeFi ecosystem, which will be especially helpful in its early stages.
https://investorplace.com/2022/01/algorand-has-serious-plans-to-transform-the-defi-sector
What if investors interested in the cryptocurrency market knew about “possibly one of the most important, native tokens (coins) in the world of cryptocurrencies today?” This is not a clickbait marketing question, but it is what Algorand (CCC:ALGO-USD) is described as by its Singapore-based Algorand Foundation.
The foundation was started to advance the technology of the platform’s ecosystem and Algo, the native token of the Algorand blockchain. It claims to be super-fast, scalable and secure.
Algorand blockchain is designed to help developers create applications based on the Algo coin, which has a price of approximately 95 cents as of Jan 27.
ALGO is ranked number 25 on CoinMarketCap based on its market capitalization of $6 billion and fully diluted market cap of $9.2 billion. It has a maximum supply of 10 billion coins with about 65% currently circulating.
Year-to-date, the crypto is down a little more than 44%. At some point during September 2021, Algorand was trading near $2.38. It followed the general cryptocurrency market collapse during late 2021 and early 2022, which is unsurprising. There is a strong correlation between coins and sour investing moods or a loss of momentum for risky assets.
Here are some key facts about Algorand to help you decide if it has a compelling investment story.
Key Information About Algorand
For many tokens and coins, we know almost nothing about their founders and their history. But that’s not the case with Algorand’s founder, Silvio Micali, who happens to be a professor of computer science at the Massachusetts Institute of Technology. CoinMarketCap elaborates on his experience:
“He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.”
The Algo has several interesting and important key features. First, it is very fast, as the average time to complete a transaction with Algo is about four seconds. Second, it is highly scalable with no restrictions on the number of transactions. The coin has no delays or compromises to affect its transaction speed.
Third, it is very secure. The Algorand blockchain is powered by a pure proof-of-stake (PoS) consensus. What this means is that the consensus protocol randomly selects validators weighted by their staked ALGO coin.
Fourth, the cost of using Algo is very cheap, unlike other blockchains. It also has very high transparency; at any time, there are available real-time metrics that can help anyone easily monitor circulating and liquid supply.
Algorand Solves the Blockchain Trilemma
Have you ever heard of the blockchain trilemma? If not, it is a very important puzzle that Algorand is addressing. The blockchain trilemma is the difficulty of achieving all three core features of security, scalability and decentralization in a platform.
Algorand is providing a solution to this trilemma with randomness. It selects validators randomly from all token holders, a highly effective approach that supports both security and decentralization.
The platform has smart contract capabilities, but its technology is aimed mainly at financial services and decentralized finance (DeFi) applications. For example, the Algorand Foundation “announced the 150M Algo Viridis Fund to support and incentivize the creation of the world’s most efficient, scalable, and micro-fee DeFi ecosystem.” This is very important news and a strong step toward ALGO becoming a key player in the DeFi sector.
Some interesting applications of Algorand include yield farming, DeFi lending, non-fungible token (NFT) marketplaces and synthetic assets. Its foundation has created a $200 million liquidity fund for its DeFi ecosystem, which will be especially helpful in its early stages.
https://investorplace.com/2022/01/algorand-has-serious-plans-to-transform-the-defi-sector
January 27, 2022, 09:37:05 AM
Grayscale Considering Fantom, Algorand for Its Investment Products
Layer 1 chains Fantom, Algorand, and Oasis Network, are among the new additions to Grayscale’s list.
Grayscale Investments has updated its list of digital assets under consideration for this year. 25 more tokens, including Layer 1 chains, Metaverse applications, and blockchain games, have been added to the list...
https://cryptobriefing.com/grayscale-considering-fantom-algorand-for-its-investment-products
Layer 1 chains Fantom, Algorand, and Oasis Network, are among the new additions to Grayscale’s list.
Grayscale Investments has updated its list of digital assets under consideration for this year. 25 more tokens, including Layer 1 chains, Metaverse applications, and blockchain games, have been added to the list...
https://cryptobriefing.com/grayscale-considering-fantom-algorand-for-its-investment-products
January 25, 2022, 02:44:54 AM
Algorand is a new-gen blockchain that is bridging the decentralized and centralized world of finance. Its native crypto is ALGO.
Algorand Standard Assets run on the blockchain's "Layer-1" and include fungible, non-fungible, restricted fungible, and restricted non-fungible assets.
Here's what I like the best about Algorand Standard Assets:
1. Role-based asset controls are supported for business, compliance, and regulatory requirements.
2. Asset accounts can be "quarantined" for investigations.
3. "Forced" asset transfers can be done for legal compliance.
4. Permissions can be configured so that only "whitelisted" addresses can transact.
5. Off-chain asset documentation can be included in the on-chain asset definition.
6. Users can "opt-in" to accept new assets.
Another feature I like in Algorand is "Rekeying in Layer-1", which enables a user to change their private key without changing the public address.
https://www.finextra.com/blogposting/21644/introduction-to-algorand
Algorand Standard Assets run on the blockchain's "Layer-1" and include fungible, non-fungible, restricted fungible, and restricted non-fungible assets.
Here's what I like the best about Algorand Standard Assets:
1. Role-based asset controls are supported for business, compliance, and regulatory requirements.
2. Asset accounts can be "quarantined" for investigations.
3. "Forced" asset transfers can be done for legal compliance.
4. Permissions can be configured so that only "whitelisted" addresses can transact.
5. Off-chain asset documentation can be included in the on-chain asset definition.
6. Users can "opt-in" to accept new assets.
Another feature I like in Algorand is "Rekeying in Layer-1", which enables a user to change their private key without changing the public address.
https://www.finextra.com/blogposting/21644/introduction-to-algorand
January 24, 2022, 07:27:09 AM
special for signature-mafia bitcointalk members, corrupted bitcointalk DT-staff & other helmints which is artificially farming their reputation by defamation (like noorman0), I declare that
I am not an official representative of this project
don't even dream that you will find malicious links here! don't even count on this chance, stupid DT-farmers. look for your malicious links in your signatures!
Website
https://algorand.foundation
https://www.algorand.com
Explorers
https://algoexplorer.io
https://algoscan.app
Community
https://algorand.foundation/news/algorand-foundation-marks-new-chapter-in-global-economics-with-inaugural-auction
https://medium.com/algorand-foundation
https://forum.algorand.org
https://twitter.com/AlgoFoundation
https://www.reddit.com/r/AlgorandOfficial
Chat
https://t.me/AlgorandFoundation
https://discord.com/invite/QBYp7Y2
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.
The Algorand blockchain is a permissionless pure proof-of-stake blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators (using computing power), in the pure proof-of-stake approach all of the validators are known to one another and only have to agree on the next block in order to create a new block.
Sources:
https://coinmarketcap.com/currencies/algorand (Archive 27/01/2022)
https://en.wikipedia.org/wiki/Algorand#/media/File:Algorand_mark.svg (Archive 27/01/2022)
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