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You can use any browser to search for "Who is the Inventor of Zero Knowledge Proof", and you will find him, and he is the founder of Algorand.
If you know how ZKP is adopted by modern blockchains today "massive", then it is not wrong for us to think that State Proof - Algorand's Interoperability Architecture will achieve what ZKP has achieved today.
Today at Paris Block Week Algorand founder - Silvio Micali unveiled plans for a new type of blockchain, a “Fiat Chain”, geared towards institutional use cases and using only stablecoin currencies.
Not surprisingly, the new chain borrows from proven technology that Algorand is already known for: instant finality, scalability and security.
What does this mean for Algorand?
Algorand and the Fiat Chain will be closely integrated. They will form a new type of bond. It will be a Peer Chain, a new architecture in crypto. It’s not a Layer-2, it’s not a side chain, it’s not a traditional bridged chain.
The two chains operate independently but are linked together using a fully decentralized, state proof-based bridge - another Algorand innovation - that allows for permissionless bi-directional flow of assets, messages, and liquidity in the most secure way possible, without intermediaries.
Algorand and the Fiat Chain will share the same developer toolkit. Algorand dApps will work perfectly on the Fiat Chain and vice versa. Additionally, because of the “Peer Chain” bond, developers can build native cross-chain dApps with a great user experience and full chain abstraction.
In this “Peer Chain” constellation, Algorand will continue to adhere to the crypto ethos of decentralization, property rights and censorship resistance, with its native currency, the $ALGO, being the fuel that powers our global network, now closing in on 3B transactions
BREAKING: Hesab Pay has partnered with Mercycorps, MCSocialVenture and to launch a blockchain-powered payment program in Syria, powered by Algorand.
This initiative will improve financial access for farmers and local vendors in Northeast Syria by tackling liquidity challenges and inefficiencies in cash transfers.
Not a developer? No experience? No problem! Algorand believes everyone has the right and can realize their ideas, dreams, and what they want to build in #web3!
Take your first step by signing up for Algorand Web3 Masterclasses.
The most crypto thing to ever happen, happened at the White House crypto summit.
FIFA CEO: We're interested in developing a FIFA Coin in America to engage 5 billion soccer fans worldwide.
Trump responds: That coin might be worth more than FIFA itself, it's going to be huge.
ICYMI: FIFA has been using Algorand Technologies for the last 2yrs+ and has sold over 1.5M NFT memorable moments on it so far. Also, there is the ability to reserve tickets for the 2026 FIFA World Cup through some of the collectables.