• Major Algorand upgrade
    Technology

    As Ethereum 2.0 gets bogged down in delays, Algorand pounces for DeFi market

    Transaction fees are spiraling out of control on the Ethereum blockchain. Now, a rival network says it offers superior technology that makes transactions faster and cheaper

    Many protocols are being built on the Ethereum blockchain, a network that’s had a long-term scalability problem and has been bursting at the seams for years. Now, the DeFi-focused blockchain Algorand is throwing its hat into the ring—and making it clear that it’s determined to seize market share from Ethereum.

  • Algorand Blockstack smart contract language
    Technology

    Algorand, Blockstack building smart contract language for $100 million deals

    The firms said the open-source Clarity project will help bring DeFi into the financial big time, replacing error-prone programming languages with one offering ‘mathematical certainty’ of how a smart contract will act

    Blockchain developer Algorand has joined forces with decentralized software firm Blockstack to develop a new smart contract language that will deliver the safety, security, and predictability demanded by developers working on high-stakes DeFi transactions that run into nine figures.

  • Major Algorand upgrade
    Alt coins,  Innovators

    Algorand announces $50M grant program to boost its blockchain

    Three beneficiaries have already been announced, and other projects will be able to go through an open application process in due course

    A decentralized finance-focused blockchain platform, Algorand has earmarked a total of 250 million ALGO tokens worth $50 million for multi-year grants initiative, designed “to provide funding to projects building apps to support infrastructure, end-user application, and research innovation on its blockchain.”

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