Algorand – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 01 Aug 2025 05:11:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Algorand – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 New Algorand roadmap shifts power to users, targets $18.9T tokenized market https://earlybirdsinvest.com/new-algorand-roadmap-shifts-power-to-users-targets-18-9t-tokenized-market/ https://earlybirdsinvest.com/new-algorand-roadmap-shifts-power-to-users-targets-18-9t-tokenized-market/#respond Fri, 01 Aug 2025 05:11:11 +0000 https://earlybirdsinvest.com/new-algorand-roadmap-shifts-power-to-users-targets-18-9t-tokenized-market/

The Algorand Foundation has released a sweeping new roadmap to revive its ecosystem and push blockchain adoption into everyday life.

Announced on July 31, the 2025+ roadmap is a strategic pivot meant to reassert Algorand’s relevance in a market increasingly dominated by competitors like Solana and Ethereum.

According to CEO Staci Warden, the Foundation is laying the groundwork for digital infrastructure that mirrors real-world economic needs.

She stated:

“We’re building infrastructure for the real economy of the future: Systems that make digital identity self-sovereign, agentic payments an everyday reality, and tokenization an important tool for wealth accumulation.”

Planned features

A key roadmap element is a redesigned protocol model called the “Project King Safety.”

This initiative, which is scheduled to roll out through 2026, aims to rework how fees and incentives operate within the network. The goal is to ensure the protocol becomes self-sustaining while maintaining robust security. A detailed position paper is expected later this year.

Meanwhile, Algorand is also reshaping its approach to governance. By the third quarter of 2025, the Foundation plans to transition its grants program to a fully community-led model.

According to the statement, the move will shift decision-making power into the hands of an on-chain governance council, empowering users to allocate resources transparently and democratically.

Further refinements to the broader governance structure will follow in the coming months, with a formal proposal and voting framework slated for release by year-end.

Additionally, the Foundation is working on a new toolkit called Algokit 4.0 that combines AI-assisted coding with faster, more modular smart contract development.

The updated suite, expected in 2026, will feature a modernized storage framework and expanded language support, streamlining the onboarding process for builders from Web3 and traditional tech backgrounds.

Push into tokenization

Another one of the most significant developments in the roadmap is the push toward asset tokenization.

Algorand is building smart contract-based representations of traditional financial instruments such as debt and equity. These tokenized products will follow ACTUS standards to meet compliance and interoperability benchmarks.

According to the network, a minimum viable product for tokenized debt assets is scheduled for Q4 2025.

This move signals Algorand’s intent to become a leader in the convergence of traditional finance (TradFi) and DeFi by offering a compliant, blockchain-native foundation for capital markets.

The tokenized asset market has already seen notable expansion, with Ethereum currently at the forefront. However, Ripple projects the sector could grow to $18.9 trillion by 2033, suggesting there’s substantial opportunity for other blockchain networks to gain ground.

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Tether to Halt USDT on Omni, BCH, Kusama, EOS, Algorand as Focus Shifts to Layer 2s https://earlybirdsinvest.com/tether-to-halt-usdt-on-omni-bch-kusama-eos-algorand-as-focus-shifts-to-layer-2s/ https://earlybirdsinvest.com/tether-to-halt-usdt-on-omni-bch-kusama-eos-algorand-as-focus-shifts-to-layer-2s/#respond Sat, 12 Jul 2025 16:00:49 +0000 https://earlybirdsinvest.com/tether-to-halt-usdt-on-omni-bch-kusama-eos-algorand-as-focus-shifts-to-layer-2s/

Tether has announced it will wind down USDT on five lesser-used blockchains after usage on those networks wanes.

Redemptions and token minting on Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand are set to stop on Sept. 1, 2025. Remaining tokens are to be frozen on the same day, according to a statement.

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Together, the five networks carry only a sliver of USDT’s roughly $156 billion float. Tether says the usage of USDT on these networks, which it touts as playing a role in the firm’s early growth, has declined “significantly” over the past two years.

“Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption,” Tether CEO Paolo Ardoino said in the statement.

The firm will redirect its focus to Layer 2 networks such as the Lightning Network and to newer blockchains that promise faster settlement and richer developer tooling.

Tether has asked its customers holding USDT on the five networks to redeem their holdings as soon as possible or request issuance of their tokens on a supported blockchain. Token holders can migrate their tokens through blockchain bridges or exchanges.

The lion’s share of Tether’s $156 billion fiat is currently circulating on Tron and Ethereum, which together make up over 95% of the total. Solana is the only other network with more than 1% of USDT’s supply in circulation, according to RWA.xyz data.

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Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand https://earlybirdsinvest.com/tether-to-sunset-usdt-redemptions-on-5-legacy-networks-including-bitcoin-cash-algorand/ https://earlybirdsinvest.com/tether-to-sunset-usdt-redemptions-on-5-legacy-networks-including-bitcoin-cash-algorand/#respond Sat, 12 Jul 2025 01:34:29 +0000 https://earlybirdsinvest.com/tether-to-sunset-usdt-redemptions-on-5-legacy-networks-including-bitcoin-cash-algorand/

Tether announced it will discontinue support for its USDT stablecoin on five “legacy” blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.

According to the July 11 announcement, the move will become effective Sept. 1, ending redemptions and freezing remaining tokens on those networks.

The decision comes as part of what the company called an “infrastructure optimization” strategy, aiming to align with shifting community usage trends and refocus resources toward more active and scalable blockchains.

The move finalizes a phased withdrawal that began over the past two years. In 2023, Tether halted minting on Bitcoin Cash, Kusama, and Omni Layer and ended minting on Algorand and EOS (recently rebranded as Vaulta) last June.

Until now, however, it had continued to redeem tokens on these networks.

Tether CEO Paolo Ardoino said:

“As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it. Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement, all key components for driving the next wave of stablecoin adoption.”

Tether emphasized that the five blockchains were instrumental in its early expansion but have seen a steep decline in USDT usage and trading volume in recent years. USDT remains the largest stablecoin in crypto with a market capitalization nearing $160 billion.

The company said it will prioritize emerging Layer 2 networks, such as the Lightning Network, and other high-utility chains to enhance interoperability, transaction speed, and ecosystem growth.

Tether advised customers to redeem their USDT holdings on the affected blockchains or request issuance on supported networks before the September cutoff. Holders not directly served by Tether can migrate through third-party service providers.

The stablecoin issuer added that it will continue exploring new integrations to broaden USDT accessibility globally and strengthen its infrastructure to meet evolving market demands.

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A Beginner’s Guide to Algorand (ALGO) Blockchain https://earlybirdsinvest.com/a-beginners-guide-to-algorand-algo-blockchain/ https://earlybirdsinvest.com/a-beginners-guide-to-algorand-algo-blockchain/#respond Fri, 30 May 2025 13:13:19 +0000 https://earlybirdsinvest.com/a-beginners-guide-to-algorand-algo-blockchain/

Every new blockchain protocol that grabs the limelight has at least one unique trait that separates them from others. With innovation as a priority, the blockchain ecosystem keeps bringing new protocols to solve pressing concerns. The Algorand Algo blockchain is one of the perfect examples of blockchain protocols created to address the biggest problem, the blockchain trilemma. The mainnet of Algorand was launched in 2019 and has been in the news for solving challenges with blockchain scalability. At the same time, you might wonder about its competence against top players such as Ethereum, BNB Chain, and Solana. Let us learn more about the fundamentals of Algorand and how it became a favorite of enterprises and developers.

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Understanding the Basic Details of Algorand

Algorand is a layer 1 blockchain protocol that offers the guarantee of high performance with instant transaction finality, low gas fees, and high network throughput. In simple words, the Algorand protocol offers a solution to the blockchain trilemma between decentralization, security, and scalability. The strength of Algorand to solve the blockchain trilemma comes from its unique consensus mechanism. Algorand utilizes a Pure Proof of Stake consensus mechanism that ensures faster and more efficient transactions with a reduced environmental footprint.

The vision behind Algorand focuses on addressing the inefficiencies associated with existing blockchain protocols. The creator, Silvio Micali, had earned a reputation for his contributions to cryptography, and he wanted to develop a system that addressed the obstacles to speed, decentralization, and security. As of now, Algorand can process almost 10000 transactions in a second with extremely low costs. Interestingly, Algorand has created its independent blockchain ecosystem that supports DeFi, NFTs, supply chain, and many other solutions.  

Serving a Unique Consensus Mechanism

The first idea for introducing Algorand took birth in 2017 when Proof of Work was the norm among consensus mechanisms. Popular blockchain protocols such as Bitcoin and Ethereum also use the Proof of Work consensus mechanism. The growing influence of Algorand partnerships and key technological innovations started with the notion to offer improvements on the Proof of Work consensus mechanism. According to the whitepaper of Algorand, the Proof of Work mechanism wastes a lot of resources, offers limited scalability, and increases the risks of centralization.

The Proof of Stake consensus mechanism emerged as an alternative to the energy-intensive Proof of Work approach. However, Algorand took a different approach and adopted a variation of the Proof of Stake approach. The consensus mechanism of Algorand, the Pure Proof of Stake mechanism, is different from Proof of Stake as it does not require any deposits to become a validator. Anyone with 1 Algo token can participate in the consensus process and approve blocks. 

The unique consensus mechanism improves the efficiency of Algorand governance by reducing the barriers to entry. Everyone in the Algorand ecosystem can become a validator, thereby making the blockchain more decentralized. It follows a unique principle of avoiding fines to ensure honest actions from users.

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Which Problem Can You Solve with Algorand?

Just like every blockchain protocol, Algorand was created with the vision to address a specific problem. It focused on addressing the blockchain scalability problem or the blockchain trilemma. The blockchain trilemma problem represents the challenge of balancing between security, scalability, and decentralization along with the growing blockchain network. As the Algorand blockchain size continues growing with the ecosystem embracing different types of blockchain and web3 applications, it is important to note how Algorand is adapting to the change.

  • Faster Transactions, Reduced Cost 

The team of Algorand claims that technological advancements have helped them in solving the blockchain trilemma. For example, the Algorand team states that the blockchain can handle 10,000 transactions per second. Official documentation of Algorand transactions also reveals that the minimum fee for a transaction is almost 0.001 ALGO. 

Algorand not only performs better in transaction finality but also stands out with unparalleled security as it cannot fork or split into different chains. The Pure Proof of Stake consensus approach leverages a special voting mechanism for block validation. As a result, the Algorand blockchain will stop temporarily or slow down for some time when the network participants don’t reach a consensus.    

  • Complete Decentralization

The favorable estimates for Algorand price prediction also stem from its ability to ensure decentralization in all cases. Algorand uses its unique Proof of Stake variant along with Algorithmically Synchronized Randomness or ASR to achieve higher centralization. The Algorand blockchain selects validators randomly with ASR while the Pure Proof of Stake consensus allows anyone with 1 ALGO token to participate in consensus.

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Exploring Some Highlights of the ALGO Token 

You cannot expect to complete an introduction to Algorand without mentioning its native coin, the ALGO token. The ideal approach to find answers to queries like “Is Algorand a good investment?” would involve a detailed analysis of its tokenomics.

ALGO token primarily serves as a medium to pay for gas fees or for products and services in the Algorand ecosystem. The token also works as a promising asset for incentivizing participation, decentralized governance, staking, and funding for ecosystem projects.

Another crucial detail about the tokenomics of Algorand is the maximum token supply. The maximum supply of ALGO tokens has been capped at 10 billion. Out of the 10 billion tokens, 30% have been allocated for public sale. 

The other shares of the coin supply go to, 

  • Participation rewards 
  • Foundation treasury 
  • Node running incentives 
  • End user grants 
  • The Algorand team and investors

Distinctive Features You Can Find in Algorand

The reputation of Algorand as a blockchain protocol depends a lot on its capability to address the problem of blockchain scaling. It offers a unique blend of speed, decentralization, and security with its unique features, such as the Pure Proof of Stake consensus. 

The special consensus approach of the Algorand Algo blockchain ensures safeguards for decentralization by allowing anyone with 1 ALGO token to participate in network consensus. On top of it, the Algorand blockchain also maintains randomness in selecting validators for new blocks. The decentralized architecture of Algorand also runs on the principle of avoiding any centralized entity exercising its power to censor transactions.

It is also important to note how Algorand is completely permissionless while upholding essential security standards. Furthermore, Algorand does not impose any slashing or fines to discourage malicious behavior on the network. Algorand has some special features that can outperform other existing blockchain protocols by a huge margin. 

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Limitations to Watch Out For

The discussions about the Algorand ALGO blockchain focus significantly on its advantages. At the same time, you must also review the Algorand protocol with an understanding of its limitations. For example, you might notice a growing DeFi ecosystem on the Algorand ALGO blockchain, albeit with weak growth. On top of it, the Algorand blockchain does not offer compatibility with the Ethereum Virtual Machine. The lack of compatibility with EVM limits the capabilities for migrating smart contracts from other blockchain networks to Algorand blockchain.

Final Thoughts

The introduction to Algorand reveals that it is a powerful solution to the blockchain trilemma problem. While many solutions for blockchain scaling have emerged in recent years, Algorand serves as a one-for-all solution. The ease of participation in Algorand governance ensures safeguards for decentralization, while the lack of forking abilities enhances security. In terms of transaction finality, the Algorand blockchain can manage around 10,000 transactions per second. Learn more about the Algorand blockchain and its special features from a technical perspective right now.

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*Disclaimer: The article should not be taken as, and is not intended to provide any investment advice. Claims made in this article do not constitute investment advice and should not be taken as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this article. Do your own research!

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FIFA moves towards its own blockchain, leaving Algorand behind https://earlybirdsinvest.com/fifa-moves-towards-its-own-blockchain-leaving-algorand-behind/ https://earlybirdsinvest.com/fifa-moves-towards-its-own-blockchain-leaving-algorand-behind/#respond Wed, 30 Apr 2025 15:55:19 +0000 https://earlybirdsinvest.com/fifa-moves-towards-its-own-blockchain-leaving-algorand-behind/

FIFA, the international football governing body, is taking a significant step in its Web3 journey by announcing a new blockchain network compatible with the Ethereum Virtual Machine (EVM).

The update, published on April 30 via the FIFA Collect FAQ, outlines plans to migrate the football body’s NFT collection platform, FIFA Collect, from the Algorand network to the upcoming proprietary blockchain.

FIFA stated:

“After the migration, Pera, Defly, and other Algorand-based wallets will no longer be supported. You’ll instead be able to connect to FIFA Collect using MetaMask or any EVM wallet that supports WalletConnect.”

FIFA has yet to confirm a fixed launch date but assured users that further details will be released soon. However, the migration is tentatively scheduled for no earlier than May 20.

FIFA Collect allows football fans to engage with the sport through digital items tied to tournaments and exclusive real-world experiences. The platform also functions as a marketplace, and recent updates introduced new collectible bundles that offer tangible perks, including VIP access to select football events.

FIFA’s EVM-compatible blockchain

FIFA’s decision to adopt an EVM-compatible chain reflects a broader strategy to embrace decentralized technology and increase cross-network flexibility.

According to FIFA, the initiative is a step toward enabling wallet interoperability and creating space for future innovation in digital fan engagement.

It continued that the upcoming platform will benefit from greater compatibility with major blockchain ecosystems and improved user functionality.

In addition, the new blockchain will offer faster performance, support for future feature rollouts, and a more scalable foundation for ongoing development.

FIFA also stated that the overall user experience of its upcoming blockchain platform will remain familiar, and users can expect gradual enhancements as new tools and options are introduced.

Meanwhile, FIFA said it would share more technical details about the impending blockchain network soon.

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