The Algorand network is moving toward full decentralization with P2P gossip network without relay node requirement + concensus incentivization + algokit 2.0 to with full support for native Python to build smart-contract

Cryptocurrency News and Public Mining Pools

The Algorand network is moving toward full decentralization with P2P gossip network without relay node requirement + concensus incentivization + algokit 2.0 to with full support for native Python to build smart-contract

I posted this since I think this might be interested to the cryptocurrency community.

The Algorand network is fast moving toward its full decentralization vision with the introduction of a major upgrade in its concensus protocol with Peer-to-Peer gossip network without the need of relay nodes (which is the main source of centralization concern/criticism of crypto community).

In addition to that, they will also introduce concensus incentivization which is in full alignment with other smart-contract platforms (Ethereum, Cardano, Solana, Polygon, etc.).

Finally, with the introduction of Algokit 2.0 (an IDE for developers to develop their dapps on Algorand network), native Python will be fully supported. Python is one of the most popular and easiest-to-learn programming languages used by ML/AI engineers, data scientists, students, hobbyists, beginners, developers, etc. As a result, this will significantly reduce the cost, complexity and learning curve involved in building these applications.

These major technological upgrades were announced in the Token 2049 Singapore event. You can watch the short clip here: Algo-P2P-network, Algokit2.0-PurePython

Yes we are still in a deep bear market. But true builders keep building.

submitted by /u/d3jok3r
[link] [comments]