Hashoshi breaks down what you need to know about the latest upgrade to this underrated layer-1 blockchain: Algorand! With the introduction of a new mainnet upgrade, Algorand became more scalable and introduced a gamechanging new feature in Algorand State Proofs that could be a boon for cross-chain applications in the blockchain space.

Read more (users):
https://medium.com/algorand/cross-chain-bridges-demand-better-security-2a27cb80f7f4
https://www.algorand.foundation/news/pioneering-falcon-post-quantum-technology-on-blockchain
https://www.algorand.com/resources/blog/proof-of-stake-vs-pure-proof-of-stake-consensus

Read more (developers):
https://developer.algorand.org/docs/get-details/stateproofs/
https://developer.algorand.org/docs/get-details/stateproofs/light_client/

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⏰ // Timestamps // ⏰
0:00 Intro
0:33 Algorand & The Blockchain Trilemma
1:48 Algorand’s HUGE mainnet upgrade
2:17 Algorand State Proofs (ALGO, cross chain)
4:39 Algorand State Proofs enables interoperability
5:46 What this means for users and developers
6:15 Other use cases for State Proofs
6:50 Quantum Safety
8:27 Don’t stop here, learn more about this!

🛑 // DISCLAIMERS & TRANSPARENCY // 🛑

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The information in this video is an opinion and is for informational purposes only. It is not intended as investment advice, tax advice nor legal advice, nor does it represent any entity’s opinion but my own. Seek a duly licensed professional for investment advice. No guarantees are being made, nor promises rendered of financial gain or other benefit in this highly speculative market.

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