Algorand makes use of Proof of Stakes (POS) and therefore they are distributed in a more energy-efficient way.  The proof-of-stake distribution randomly selects blocks to distribute to users, as opposed to rewarding people mining big chunks of the currency.  Algorand is not caught in the hype, but does have legitimate use cases.

Crypto TelAviv on June 17, 2021 is bringing together some of the brightest minds in the global blockchain industry.  Algorand is accelerating the future of finance.

Topics covered are:  “Blockchain in the real world:  incumbents and disruptors adopting blockchain en mass to solve real problems.  Defi (decentralized finance):  Technologists, entrepreneurs, economists, and investors building an alternative financial system. 

Crypto in Israel:  Israel as the next hotspot for deep innovation in blockchain and crypto.  Web3:  product iterators and value-driven founders build on the next generation of business models.  Beyond Ethereum:  The next generation of blockchain ecosystems and the eventual saturation of operating systems.  NFTs the evolution of digital ownership, from cryptokitties to the 69 million dollar beeple. 

Crypto adoption:  from global banks to the largest funds in the world, institutional investors are pushing the adoption of crypto and blockchain innovation.”

Algorand warns:  “BEWARE OF SCAMS: We have seen a rise in scams being run requesting users to send Algo to receive Algo through promised Giveaways. We DO NOT engage in such giveaways. Please do not participate in these fraudulent scams. Only follow our official website & social channels for news!”

Algorand expressed that they are excited to announce that the official Algorand Wallet codebase has been open sourced and is now publicly available.  This is an important milestone in the ongoing development of the Algorand Wallet as developers will now have access to the repository via GitHub.

Community response like:  Algorand is Skynet. It will be the foundation of blockchain technology in a few years. I’ve seen it in my future.

Concerns:  Why is the wallet down everywhere? I have the same question, trying for 30 minutes and it is blank, no numbers, nothing.  Ok. I thought it was only me. Price up, wallet down. I’m having difficulty creating a wallet account. Wallet won’t load or open.

Both wallet and explorer are down, what a project.

Response:  No worries, down for scheduled maintenance. Will be back by July 4^th.

AWS has resolved their issue that affected wallet connectivity unrelated to the Algorand blockchain. The Algorand blockchain, as ever, rolls on with no issues.

Happy Clients:  My wallet is working again. I can finally get some more yield lottery tickets.

Algorand made its way to the news in CNN business.  And, the community were happy that the project aged well. And, being on CNNBusiness some member’s fee is insanely huge.