Friday, January 27

Tag: Algorand News

Algorand Creator Predicts What Will Happen to Industry in 10 Years
Cryptocurrency

Algorand Creator Predicts What Will Happen to Industry in 10 Years

In a late interview with the Los Angeles Times, Italian computer scientist Silvio Micali, who founded the proof-of-stake cryptocurrency protocol Algorand, predicted that traditional finance may start getting on the blockchain 10 years from now. Read Also: Pro-Crypto Candidates Won Senate Primaries in U.S. Here's Who They AreHe believes that only those blockchains that are capable of handling high transaction volumes at a low cost will emerge as the winners. Bitcoin, which he compared to a "Neanderthal man," may also remain relevant, but it will be used solely as a store of value, according to Micali. The computer scientist, who received the Turing Award for his contribution to cryptography back in 2022, believes that Algorand represents the fourth generation of blockc...
Algorand (ALGO) Soars 19% on FIFA Affiliation
Cryptocurrency

Algorand (ALGO) Soars 19% on FIFA Affiliation

Blockchain project Algorand has signed a collaboration with FIFA, becoming the official blockchain sponsor of the 2022 FIFA world cup that is scheduled to kick off on Nov. 21. The financial terms of the high-profile deal haven’t been made known. FIFA will also fabricate its cryptocurrency strategy with the help of Algorand. The highest governing team of association football decides to issue its collection of non-fungible tokens. The price of the ALGO token has spiked more than 20% over the space of 24 hours, as stated by the CoinMarketCap data. Although, the top 10 biggest cryptocurrencies are in red, with LUNA being the only major altcoin that has managed to buck the trend. In February, Tezos, another significant proof-of-Stake blockchain, scored a collaboration with professi...