Made my first prediction on @alphaarcade using my @ethereum account on @MetaMask. Transferred 10 @USDC to @Algorand using @Allbridge_io. Picked a market, signed the transaction with my EVM keys. Done. No need to buy $ALGO. No need to download an Algorand wallet. Just me, Alpha Arcade, and MetaMask. Sweet!
Be.
Be. Monko
I wanna show the power of the Monko cult.
If this gets:
- 1000 likes, I buy $1000 + giveaway $200 + monko pfp
- 2000 likes, I buy $2000 + giveaway $300 + monko pfp/bio.
RT, follow me, @FolksFinance, @Real_monko to be eligible.
Your truly,
Be.nedetto
Happy Year of the Dragon Folks! 🐉
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Fundamentally $ALGO is one of the strongest L1 DLTs
The name "Algorand" is no accident, it's derived from the words "algorithm" and "random"
But why?
The network operates on a random algorithm to select validators
Silvio Micali, the founder of Algorand, is a renowned computer scientist specializing in cryptography
His contributions have won him various accomplishment such as the Turing Award
Some notable feats include verifiable random functions & zero-knowledge proofs (ZK proofs), form the foundation of many blockchain projects today
You read that right, Silvio was one of the core founders in the creation of zK proofs
His work on verifiable random functions and ZK proofs are arguably considered the foundations of various projects
These innovations have become industry standards and are widely adopted by blockchain projects
$ALGO consensus mechanism, known as Pure Proof of Stake
Validators are chosen randomly by the algorithm for each block, hence the name "Algorand
This reduces the risk of malicious actors operating as validators
Algorand's real-world use cases & partnerships further underscore are similar to various enterprise grade networks
The network's messaging format is ISO 20022 compliance meaning it can seamlessly operate with the legacy financial system
As ISO 20022 adoption increases worldwide, $ALGO could potentially play a significant role in the Future of Finance
In fact they've already done so with one of their partners!
Some of their most well known partners are like SAP, Bank of Italy & FIFA
Both of which show $ALGO growing recognition around the world
💻SAP: One of the world's largest software companies has integrated Algorand into its offerings, allowing clients to access blockchain services.
⚽️FIFA: The biggest sports league worldwide has partnered with Algorand to explore Web3 solutions to unlock the value in FIFA's communities
🏦Bank of Italy: Italy's central bank has chosen Algorand as its public platform for digital guarantees
Perhaps my favorite collaborations from $ALGO come from their ACE & Foundation
These are both programs and foundations that work to strengthen the Algorand ecosystem overall
The large majority of these initiatives are around R&D or ecosystem developments
One of which is with University of Waterloo, one of the top academias for studying quantum physics and computing currently
Both $ALGO & Waterloo along with various other top academias have since collaborated to find quantum resistant solutions to blockchain
Honestly, there really isn't a better group of people to be researching such an idea than veterans from MIT & Waterloo
The $ALGO token fuels the Algorand network from basic transactions, smart contracts & more
Their commitment to sustainability is evident in its approach to consensus and storage
The network brings energy-efficient tools, reducing environmental impact compared to traditional blockchains
The ALGO Vault stores data off-chain, improving scalability, reducing storage costs, & enhancing overall efficiency while maintaining security
Simply put the vault is for developers and validators to recycle any data thats no longer relevant to the network to ensure optimal space
⭐️Silvio's excellence alone in being the founder to zK's, a 40+ year MIT prof & a Turing award winner is enough to make $ALGO stand out
⭐️And the tech does more than speak for itself with its unique consensus and performance of the network
⭐️Big names are certainly paying attention as we've seen SAP, FIFA & Bank of Italy all begin building DLT infrastructure on $ALGO
While they are facing some hardships with the US SEC, much like $XRP, its not stopping the momentum whatsoever
It'll be exciting to see where the $ALGO ecosystem expands into next as it brings the future of blockchain and academia one step closer
"With Algokit 2.0 we're bringing pure Python development to Algorand!" - @johnalanwoods
One of the most popular programming languages in the world, with line-by-line debugging, is the future of building on blockchain, and is coming to @Algorand in Q4.
Algorand 3.16 consensus upgrade binaries are now out in the wild - for those interested, here's what's next:
1. Voting periods (for protocol upgrades) last 10k rounds currently - participating online stake approves the upgrade.
2. Nodes representing at least 90% of the online stake needs to deploy the upgraded binaries that will then 'vote' in the new functionality.
3. Once a successful voting period ends, a waiting period kicks off of 140,000 rounds (with current round times averaging 3.7 seconds, that's just under 6 days).
4. For this particular release, it's a "double upgrade" as there is some table setting in the first before second kicks in, so add another 10,000 rounds (~10.25 hours).
IOW, we'll know the exact round the full upgrade kicks in once the protocol vote completes - 6 days+ in advance.
Over the next few days, expect to hear about major features (blog posts are out there already!) in addition to celebrating the upcoming 30 millionth block on mainnet!
🚨🚨And just like that ALMOST 10% of the $COOP supply is now locked and the biggest portion is locked in TVL🚨🚨
🍻This deserves a giveaway🍻
🟡1000 $COOP giveaway🟡
10 winners announced at 8pm EST
LIKE & RETWEET
🚨Official #COOP giveaway!🚨
Two people will win 1,000 $COOP!
If this post exceeds 300 likes, three people win!
To win, you must follow, RT this post and follow @CassiusCuvee.
You will NOT win if you paste your #ALGO address in the comments.😅
LET’S GO! #Algofam#Algorand
With #Algorand say goodbye to forks, block re-orgs, and rollbacks.
Algorand, transactions are final - no more waiting for confirmations.
This is a game changer for both end users and enterprises, simplifying builds and reducing operational risks.
Let's get this message out.
Stop paying $30-$100 per swap just for network fees and getting sandwiched to boot
$PEPE has been swapped 87,951 times on #Algorand since May 2nd
Cumulative network fees paid for ALL those swaps? $46
Cumulative sandwiched value loss? $0
1/3
I'm looking for 10 $ETH maxis. Specifically, I want 10 who have never used #Algorand. Please reply. I want you to try something you could never do on #Ethereum... on me.
$ALGO folk, I don't have many ETH people in my circles. If you do, consider a RT.
1) On many blockchains, wallets can send and receive any crypto as long as the wallets know the receiver's public address.
Sure this means it's easy to send and receive assets but it also means you can always be spammed with unwanted crypto transfers. 😡
What is @Algorand?
🔹Algorand is a decentralized, permissionless blockchain network open for everyone to participate in and build on.
🔸Algorand's consensus mechanism is Pure Proof-of-Stake, offering energy efficiency and fast transaction processing.
$ALGO