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Vesta Equity and Algorand breathe new life into real etate tokenization

Vesta's new platform gives homeowners the ability to convert equity into digital assets that can then be sold to accredited investors without compounding interest. Global equity marketplace Vesta Equity has chosen the Algorand blockchain to launch its new real estate tokenization services, disrupting a decades-old industry and opening up the possibility for homeowners to convert their equity into digital assets. Under the new partnership, Vesta will utilize Algorand to further disintermediate the numerous parties involved in the traditional home equity and borrowing space. With Vesta eliminating expensive intermediaries from the process, Algorand’s technology will allow all data to be readily…

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Balancer to enable programmable liquidity for the Algorand ecosystem

CryptoNinjas » Balancer to enable programmable liquidity for the Algorand ecosystem Blockchain platform Algorand today announced that Balancer, one of the largest automated market makers (AMM), will soon be available on Algorand to expand liquidity to its growing community. This initiative explores how the Balancer platform can work in different environments, given the different trade-offs and characteristics of other innovative blockchains like Algorand. Traditionally, exchange and liquidity have been time-consuming and expensive endeavors, and the market depth is not always justified. However, Balancer brings the type of innovation and decentralization in financial infrastructure that continues to drive service costs lower.…

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Italian Copyright Agency Chooses Algorand to Make Over 4M NFTs to Signify Author Rights

The non-fungible token fever saw over the last rare months is infectious the copyright management agencies’ care. One of them, situated in Italy, has chosen a blockchain company to make its own NFTs. SIAE Supposes to Guarantee Copyright Protection with NFTs for the Subsequent 139 Years Rendering to the declaration, Società Italiana degli Autori ed Editori , originated in 1883, picked Algorand to manage the privileges of over 95K authors in the kind of non-fungible tokens. Both parties had been employed on the project since 2019, held Algorand. In a first example, 4M NFTs were bent to represent designated SIAE…

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Italian Copyright Agency Selects Algorand to Create Over Four Million NFTs to Represent Author Rights

The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expects to Guarantee Copyright Protection With NFTs for the Next 139 Years According to the announcement, Società Italiana degli Autori ed Editori (SIAE), founded in 1883, picked Algorand to manage the rights of over 95,000 authors in the form of non-fungible tokens. Both parties had been working on the project since 2019, said Algorand. In a first instance, 4 million NFTs were created to represent selected…

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Nifty News: Italian copyright agency mints 4M NFTs, breast cancer LINK found, and more

Algorand helps secure almost 100,000 authors' copyrights, NFTs raise breast cancer awareness, the New York Times gets in on the action, and more. Italian copyright collecting agency Società Italiana degli Autori ed Editori, SIAE, has minted more than four million NFTs on the Algorand blockchain to digitally represent the rights of more than 95,000 authors. The partnership between SIAE and Algorand started in 2019, with SIAE aiming to digitize its entire copyright database to help decentralize the management of the metadata. NFTs will eventually provide copyright owners such as authors and publishers with royalty streams to their work. The tokenization…

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Compensation on the Algorand Governance: Using a Decentralized System to Guarantee Rewards

For years, developers and entrepreneurs have borne the idea that blockchain is the future technology; that it holds the secret to a more effective and equitable financial system. Simply put, a blockchain is a public ledger. It is a chain of transactions arranged in blocks, guaranteeing that anyone can see and read any block, modify transactions in a blockchain, and write a transaction in a future block. Using blockchain technology, Turing Award winner, Silvio Micali is building a robust financial system that solves the major financial problems facing the global economy. The Algorand blockchain, which was founded in the year…

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Cardano’s real competition is not who you’d expect, says new Cardano Foundation CEO

Hint: It's not a blockchain company. Frederik Gregaard, the incoming CEO of the Cardano Foundation, shared his perspective on FinTech's competitive landscape and major technology trends with Cointelegraph. Discussing competition, Gregaard said that the protocol's biggest opponents do not come from within the blockchain space: “I think the biggest competitor, it's really the largest technology companies today around, the large tech platforms such as Google, Amazon, Tencent, Alibaba, those kind of players”. Gregaard believes that social media-based big technology providers have morphed from supplying their customers with meaningful tools to essentially owning and manipulating their users. He went so far as…

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What You Need to Know About Rekeying in Cryptography and How it Features on Algorand

There is no understanding of rekeying in cryptography without first understanding what cryptography depicts. So, what is Cryptography? Derived from the Greek words, crypto and graphy, which means “secret” and “writing” respectively. Cryptography can simply be defined as the act of modifying messages in a way that masks their purpose from an adversary or competitor who might want to steal them. In other words, it’s a way of storing and distributing data in a specific form, such that it can be read and interpreted only by those whom it is intended for. Not only does cryptography shield private data from…

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Blockchain Company Realio and Valentus Fund to Put $250M+ on Algorand Blockchain

by Richard Kastelein Valentus Capital Management, run by Behzad Taufiq, a former executive at Hudson Advisors, plans to digitize a $250M+ investment fund with Realio, a fully compliant platform to tokenize institutional-grade digital assets on the Algorand blockchain. “Decentralized finance is the way of the future,” says Algorand Founder, Dr. Silvio Micali. “Our technology allows for far greater scalability, speed and efficiency than other alternatives., I am pleased to see Realio and Valentus leveraging our next-generation platform to provide opportunities to investors of all types who can now access top-shelf investments in a secure and scalable manner.” Focusing on credit…

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Encountered Issues With Smart Contracts And How Algorand Tackles Them

Blockchain and Cryptocurrency continue to solve a lot of problems in our world today through different means and smart contract is one of those means. What is a Smart Contract? From the words “smart” and “contract”, smart contracts can simply be defined as agreements reached in a more refined manner. The refined manner in this context is the computer code used in creating and storing an agreement, which means agreements are now computerized. Smart contracts are responsible for easy, safer, and faster agreements between two parties without the involvement of a third party. It runs on a public blockchain network…

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Algorand staking now compatible with Ledger wallet’s desktop software

Self-custody staking arrives for Ledger's hardware wallets. Popular hardware wallet company Ledger added Algorand's ALGO token to the list of wallet-compatible assets available on its desktop app, Ledger Live, allowing holders to store and stake the asset. “The integration with Ledger Live will provide users with additional opportunities to earn passive income, ensuring the highest level of control and flexibility," Ledger's CEO, Pascal Gauthier, explained Tuesday in a statement provided to Cointelegraph. The addition also means storage compatibility for tokens built on Algorand's blockchain, known as Algorand Standard Assets. Assets built using proof-of-stake technology mean holders can earn passive income by helping to…

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USDC now capable of 1000 transactions per second with near-zero fees

The asset's new multichain partner makes it so. As part of an initiative bringing stablecoin USD Coin (USDC) to other blockchains, USDC is now available on the public Algorand blockchain. This is in addition to its existing availability as an Ethereum-based token.  Offering USDC on Algorand gives the asset layer 1 scalability, touting more than 1,000 transactions per second, or TPS, while costing less than a penny in fees (1/20 of one cent to be precise), said a statement provided to Cointelegraph.  “This is a defining milestone for frictionless mainstream payments as well as sophisticated financial applications,” Algorand Inc.'s founder, Silvio…

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Challenging Ethereum 2.0? Competing blockchains are seizing the moment

Ethereum 2.0 will lose the first-mover advantage its first iteration had. How does it stack up against the extensive competition in 2020? After several years in development, Ethereum 2.0 is now more tantalizingly close than ever before. Despite a shaky start with the Medalla testnet, it seems that development is still on track. Prysmatic Labs developer Raul Jordan indicated in a recent blog post that “2 to 3 months from the Medalla genesis block is still an ideal timeline.” At this point, what are another three months? The idea of an upgrade has been floating around in some form since…

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1World Online Reveals Intent to Build on Algorand Platform

1World Online, a self-described “blockchain-powered engagement & monetization platform for publishers, brands and users,” has revealed its intent to build on the Algorand blockchain network, and will see some investment from Borderless Capital to do so, according to a press release from the group. Speaking on the matter is Arul Murugan, the Founding Managing Partner at Borderless Capital, who said: “1World Online leads the space of using blockchain to bring economic incentives to the Media Industry, and we consider it one of the most promising Blockchain applications. With 1World Online’s growing network of +3000 publishers and advertisers, +20M users, multi-million dollar revenue,…

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Algorand, Bitcoin SV, Steem price analysis: 30 August

Bitcoin SV had been on a downtrend for the better part of August; Algorand showed signs of lowered volatility and pointed toward consolidation. Steem registered large moves both upward and downward, and indicated where good trading opportunities were. Algorand [ALGO] Source: ALGO/USDT on TradingView ALGO set a local high at $0.75, but was forced back. Subsequent attempts at highs found resistance at $0.66, with support at $0.52 region. At press time, price was trading just below level $0.54, which has had significance in the past few days. Bollinger bands showed constriction. Trading volume was also decreasing. The squeeze indicated decreased…

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UK exchange Archax teams up with Algorand on DeFi projects

The partnership between Archax and Algorand could help bridge the gap between decentralized and centralized finance Digital security exchange Archax and DeFi protocol Algorand have formed a partnership to build a new line of products to bridge the gap between centralized, and decentralized, finance. Archax and Algorand will work together to release “innovative smart financial products” including stablecoins using smart contracts and liquid alternatives — mutual funds or exchange-traded funds (ETFs) that aim to provide investors with diversification. Algorand, which recently upgraded its scalable smart contracts for DeFi and DApp solutions, will build the products and Archax, one of the…

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Algorand, EOS, Zcash Price Analysis: 26 August

Bitcoin was trading beneath its support zone at $11,400 while Ethereum also dipped to support at $371. The weak performance of these giants prompted other coins to follow suit. Zcash and EOS have also been caught in a downtrend and showed no signals of reversing the trend. Algorand showed a possible bull pattern but it was invalidated, and at the time of writing ALGO appeared to be in a consolidation phase. Algorand [ALGO] Source: ALGO/USDT on TradingView Algorand was ranked 39 with a marketcap of $428 million. ALGO formed a potential bull flag, from which it looked to have broken out,…

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Explaining Byzantine Agreement, Fault Tolerance Blockchain

Cryptocurrency officially started in 2008 with bitcoin and to date, there has been the creation of many other cryptocurrencies, each with its specific modus operandi. However, there is one thing every cryptocurrency has in common; Blockchain. Blockchain is the key component of any cryptocurrency. It serves as an intermediary between two parties and makes transactions easier, faster, safer, and transparent. Like other digital distribution systems, participants of a cryptocurrency network ought to agree on the existing state of the blockchain regularly and this is called consensus. However, achieving consensus on distributed networks securely and effectively is difficult. Participants often communicate…

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