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Google Quantum AI just dropped a landmark whitepaper on quantum threats to blockchain cryptography.
I read all 57 pages.
Here’s what it means and why Algorand’s early bet on post-quantum cryptography just got validated by the best quantum computing team on the planet. 🧵
BOOM! As many of you know, we have been preparing to take on the responsibility for Algorand protocol maintenance and development for some time now. Our founder, Silvio Micali, built the best blockchain in crypto, bar none, with an elegant consensus mechanism still far ahead of even the most recent generation blockchains. And I, and everyone at the Algorand Foundation, understand that the sustainability of this protocol is our most sacred responsibility.
With this unified strategy, in the United States, and as an entity that can pursue for-profit activities when they are in the best interests of the ecosystem, we will be truly unstoppable.
In addition to our founder, I also want to acknowledge all Algorand Technologies engineers, past and present, for the incredible piece of technology that they have conceived, developed, and kept running.... Without one. second. of. downtime. 🫡🫡👊👊
Algorand is now more decentralized than ever before.
We're transitioning from a relay node network to a P2P network.
P2P is the most decentralized option, and so we've implemented it.
Sending decentralization, censorship resistance, and network resilience to the next level.
We have been building this for the last 6 months. Great collab and coordination between @FolksFinance@wormhole and @AlgoFoundation.
Can’t wait this to go live and power $FOLKS
@DBCrypt0@JohnAlanWoods@AlgoFoundation@StaciW_DC Been couple of weeks now. I fully agree with your second statement. One of his kind , works with his mind as well as heart 😉 hard to find these days.
My take on why @JohnAlanWoods is leaving the @AlgoFoundation :
https://t.co/2ZPdylxBeh a technical leader, he likely wanted deeper involvement in core protocol development.
2.@StaciW_DC shared that frustration over lack of direct influence at Algorand Technologies.
3.They even proposed absorbing core dev responsibilities—confirmed by Staci in a space.
https://t.co/65ynpoEfE1 didn’t materialize. John probably felt he fulfilled his UX vision and it was time to move on.
Career goals evolve. Sad to see him go—but the show goes on. Here’s to a bigger, better future—and leader. Thank you @JohnAlanWoods for your leadership and more importantly passion.
@brownonthe63669@JohnAlanWoods@AlgoFoundation@StaciW_DC Honestly, this market is less about retail and more about VC hype. Somewhere Algo lost that train; reasons stem from incompetence to arrogance to greed with the passage of time.