BitcoinWorld

Algorand
Latest News

Algorand’s new features will improve speed and privacy, according to the company’s founder

Algorand’s founder and MIT professor Silvio Micali stated at Blockchain Week Australia on Tuesday that the company is preparing a series of updates to improve the network’s privacy and speed, as well as establishing permissioned co-chains with a trustless decentralized bridge across chains.

Algorand is working with regulators to develop a layer of privacy. Then, while ensuring that privacy does not become a veil for criminal activity, according to Micali.
Permissioned co-chains can assist developers in creating ecosystems that are separate from the main Algorand blockchain. Then, and could be utilized for central bank digital currencies (CBDCs).

Algorand is also attempting to improve its speed and scalability, with the first scheduled upgrade doubling network speed.

Algorand is an open source public blockchain network that uses a pure proof-of-stake (PPoS) algorithm. Then, to pick block validators at random and in secret.

According to CoinGecko data, Algorand, which has a market worth of US$5.4 billion. Also, was trading at US$0.816 at press time, up over 15% in the last week.

Related Posts – Ferrari joins the NFT universe through a collaboration with a Swiss…

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.