• Major Algorand upgrade
    Silvio Micali's DeFi-focused Algorand blockchain aims to seize market share from Ethereum (Photo: Wikipedia)
    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

    August 19, 2020 /

    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.

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  • Algorand Blockstack smart contract language
    Could this be the silver bullet that finally gets governments and big firms to use smart contracts? (Photo: Christiaan Colen)
    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

    June 11, 2020 /

    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.

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  • Major Algorand upgrade
    Silvio Micali's DeFi-focused Algorand blockchain aims to seize market share from Ethereum (Photo: Wikipedia)
    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

    April 16, 2020 /

    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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