An interesting thread by Paul Riegle:  Think you know Algorand smart contracts? Besides being the first carbon negative smart contract system, they run at over 1000TPS, they cost .001 Algos, and they run at Layer 1. but, there’s more.

Announced the Algorand Virtual Machine (AVM) made to power the most complex smart contracts.

The Algorand model is simple – write smart contracts in an accessible higher level language like reachlang, which are then compiled down to AVM bytecode and executed by the AVM.

Sound familiar? Algorand is using the same simple, tried and true model pioneered by Ethereum with some twists.

Twist 1: Still the same 1000TPS & 4.5 second block latency that you and your users know and love – even for smart contracts & still the same miniscule costs to run your dApps.

Twist 2: Safe smart contracts with runtime guardrails & languages that provide more protections. Reachlang provides js like language with safety guarantees & simplifies dApp creation by specifying the entire dApp – smart contracts, front/back end clients & comms in between

The model also allows more languages to target the AVM – Python bindings are avail & Algorand is working on clarity_lang, which is designed to optimize for predictability and security and makes it easier to reason about smart contract behavior, cost, and performance.

There is now also an easy & clear path to expansion, like integrating with the llvmorg stack to open up a wide variety of popular languages such as RustLang, C, C++, golang, Haskell, Python, ThePSF, JavaScript and more (anyone looking for a grant from AlgoFoundation?)

Developers on Algorand build superior DeFi, NFT, and web3 dApps with 1-Accessible and safe higher level languages like reachlang 2-A powerful AVM execution environment 3-High throughput and low-cost transactions (1000TPS+ and .001 Algos).

There is an exhaustive content on how:  “Algorand Introduces New Approach to Smart Contract Development.”

To those who are willing to join the ecosystem of Algorand Developers have to state that Algorand can expect to build superior DeFi, NFT-related, and web3 dApps with a combination of: Accessible and safe higher level languages (e.g., Reach, Python, Clarity).  A powerful execution environment (with AVM 1.0).  High-throughput and low-cost smart contract transactions (1000TPS+ and .001 Algos)

Bottom line? Our smart contracts are powerful, fast, inexpensive, and easy to get started in. Come innovate and build on Algorand.

For investors, Don’t worry about the amount, if you stack in their wallet, they reward you with each transaction. Your bag grows every minute.