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BREAKING
Altcoins News

Algorand (ALGO) Is Beginning To Make Waves

Algorand

Community Trust ScoreVerified

85%
Real
Verified47 votes
Updated 5 years ago

Vitalpass was developed leveraging Algorand’s blockchain technology. For those who missed, the Colombian government announced they will leverage Vitalpass as the country’s official digital vaccination passport.

Community response:  If you build it, they will come. I’m shocked at how slow people realize exactly what kind of animal ALGO is. The best blockchain for anything of importance or value period.

I doubt that this is good for the people in the long run since it is the tool of control. But anyway it’s an example of how diverse the projects on ALGO network can be.  It is not control, it is a permissioned use case that can reduce cost of existing things. And there is permission-less stuff coming too.

Crypto and blockchain that is giving financial freedom are also entrapping people into civil control through those vax passport.  What is the point of being financially free if you can’t even participate in the local economy without subjecting your body to state mandated experiments?

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Otherwise, for those who are new, Algorand is the world’s first open source, permissionless, pure PoS blockchain protocol designed for the future of finance.

Drone Rave League will leverage Algorand to create immersive in-game experiences to introduce millions of tech enthusiasts to the possibilities that blockchain can bring to racing and to sports as they know them today.

Meanwhile, Silvio Micali will be leading a session on Tuesday, September 28th at 2:10 pm EDT at MIT techreview’s flagship event on emerging technology and global trends.

MIT Technology Review’s flagship event is where business, technology, and culture converge. Examining the emerging technologies and global trends which propel businesses and impact society.

The mainstage speakers at the MIT Technology Review’s flagship event are invitation-only speakers, including the most brilliant minds in science and technology from across the world. Participants will be able to gain deep dive insights in to the technology covering for wide ranges of topics which include but are not limited to topics like New Advances in Multi Skipped AI, Transforming clean energy with green hydrogen, and Hyper accurate positioning beyond GPS.

Since 2001, MIT Technology Review have compiled an annual list of technological advances that will make a real difference in solving important problems, the technologies with staying power, and those breakthroughs that will truly change how we live and work.

Algo is beginning to make waves.  Recently, Algorand Foundation launched a $300M fund that will focus on the development of DeFi on Algorand’s network.  This is at present an important investment that is key for Algorand adoption.

Community Trust IndexHigh Confidence
85%
Real
Real85%15%Fake
47 community signals

James Thorp

James Thorp is a passionate crypto journalist from South Africa specializing in Litecoin, Dash, and emerging digital assets. With years of experience covering the crypto markets, James delivers in-depth analysis and breaking news on altcoins, blockchain adoption, and decentralized payment networks for The Currency Analytics.

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