Algorand recently tweeted about Algorand’s recent upgrade, which launched new features and capabilities that will enable the creation of fast, scalable and sophisticated applications.

Algorand pointed to how recently Paul Riegle, Head of Product walked through the process of Rekeying, Fast Catch Up and Algorand Smart Contracts.  There is a You Tube Video available about the same.

The Release Preview for the Algorand Ambassadors gives way for sophisticated applications across the DeFi and Traditional Sectors.

The Rekeying feature provided by Algorand provides users with the ability to change their private spending key without the requirement to change the public address.

The Fast Catch Up provides users with the ability to quickly get going.  The fundamental shift in Algorand Smart Contracts unlocks the important potential of the blockchain using the power of the purpose-built protocol to provide for a frictionless exchange.

The good thing is that Algorand has been designed from ground up to power complex applications.

Sydney Ifergan, the crypto expert tweeted:  “I see that Algorand (ALGO) are working towards sustainable development goals.  They were also talking about bridging the gap between DeFi and CeFi.”

Of note, Archax, Digital security exchange and Algorand, Digital security exchange are in a partnership to build a new line of products to bridge the gap between centralized, and decentralized, finance.

Algorand (ALGO) on Debate Style Talk Between CBDC Enthusiasts & CBDC Sceptics

On September 07, 2020, the London Blockchain Foundation (LBCF) and Crypto Curry Club are organizing can online event on Zoom.  The event will be from 8:30 PM – 9:30 PM IST.

Algorand Tweeted: “Don’t miss it! This coming Monday, @TheLBCF & @CryptoCurryClub are hosting an online debate ‘To #CBDC or not to CBDC.’ Panelists include Algorand’s Pietro Grassano, @adi_benari, @bankersplumber, Lee Schneider & moderator Nina-Luisa Siedler. Register here.”

It will be a debate-style event.  There will be two teams (CBDC Enthusiasts & CBDC Sceptics) who will consider and respond to questions from the moderator.  They will also answer live questions from the audience.

Panelists will be discussing on the backdrop of the concept of digital currencies, Stablecoins, and Central Bank Digital Currencies (CBDCs).

Regarding the CBDCs they will be discussing about “Where can they add benefits? Where do they introduce risks? Are they an insidious threat to the privacy of individual citizens, or a means of enabling a more effective relationship between individuals and the state? Are these mutually exclusive? And is there even a need for CBDC’s – or can cryptocurrencies and stablecoins suffice in the digital currency landscape?”