The 21st century, the era of advanced technology, and that is for the right reasons. Fewer sectors have been tremendously impacted by technology more than finance, technology, and investment, and in this regard, Algorand has emerged as a pacesetter and industry leader. Hence, the description of the brand as the perfect blend of technology, finance, …
Algorand: The Perfect Blend of Technology, Finance, and Investment Read More »
When it comes to the most effective blending of technology and finance, no one does it better than Algorand. It has come up with a platform of technology that ensures real finance with no friction. Algorand is a technology venture that came up with the very first permissionless, open and pure proof-of-stake blockchain protocol that …
The power of the Algorand smart contracts is again manifested in the split payments process. It allows an account to split payments between two accounts in a given ratio. The accounts can withdraw funds based on their given ratios. On critical condition is meeting the minimum payment amount for the lowest ratio.
The feature allows a second account to pay the transaction fees for the account making the transaction. For instance, account A is making a payment to account B but cannot pay the fees. Account B can decide to absorb the fees for account A.
Participating in the algorand protocol will require an account to regularly sign transactions with the Algorand keys. This makes it difficult for keeping account keys cold and it will be difficult rekeying anytime a transaction is signed. To allow developers to keep their wallets cold while participating in consensus, the Algorand dedicated key registration makes …
Infographic: The Algorand dedicated key registration Read More »
Algorand blockchain network recently launched the rekeying feature to give users the to change private keys to an Algorand address in simple, flexible and unlimited manner. Users can keep their accounts secure by maintaining cold keys while they perform transactions.
Recently, Algorand made a lot of buzz on the blockchain space, once again consolidating its design to become the leading blockchain for building innovative decentralised finance solutions. The news range from the closing of applications for the Algorand Asia Accelerator and the release of three key features to give developers the freedom to build on …
Algorand recently released the fast catchup settings during node set up. It reduced the wait time to synch a new node from days to a matter of minutes. Here is an infographic about this new feature.
One of the key propositions of blockchain technology is the high levels of security associated with protecting the assets of users on the blockchain. The responsibility to secure your assets on the blockchain is deferred to the individual instead of a central application such as an exchange. That is probably the reason is touted as …
The Algorand rekeying feature and its many use cases Read More »
The Algorand blockchain offers rewards for every transaction that occurs on the chain. When a block is produced, staking rewards are generated which are distributed to the various accounts. Developers can also pull rewards information from the chain for a transaction. To retrieve rewards data for any of these, there are SDK, Curl calls and …
Infographic: Pulling rewards data from Algorand blockchain Read More »
