Security and Staking: Algorand CTO Reveals Future of The Popular Blockchain And New Features.
15 Jul 2023, 08:00
Security and Staking: Algorand CTO Reveals Future of The Popular Blockchain And New Features
Algorand, a state-of-the-art pure proof of stake network, is introducing innovative features that differentiate it from traditional proof of stake networks like Ethereum or delegated proof of stake networks like Cardano, according to John Woods, Chief Technical Officer (CTO) at Algorand. In a recent Twitter Video-call, he explained that Algorand’s pure proof of stake mechanism incentivizes individual participation in consensus and decentralizes the network by disincentivizing pooling.