Algorand, the technology company powering the platform for next-generation blockchain-based applications, today announced another major technical release that empowers sophisticated apps and marks a major milestone for cross-chain interoperability. Developers are now able to build complex dapps for the Algorand ecosystem with smart contract-to-contract calling and network participants can take their first step towards trustless cross-chain interoperability with quantum-secure keys for the upcoming State Proof technology.
These network upgrades come on the heels of a $20 million incentive program from the Algorand Foundation focused on developer tooling and EVM compatibility, putting the platform at the forefront of blockchain interoperability and post-quantum security while providing features for even more advanced decentralized applications.
“The power and composability of Algorand’s smart contract platform have transformed in recent months. Developers are building versatile decentralized applications that have and will continue to disrupt a wide variety of industries,” said Paul Riegle, Chief Product Officer at Algorand.
“With this latest upgrade, Algorand continues its leadership position when it comes to the ongoing delivery of highly sophisticated blockchain technology. We have received overwhelmingly positive feedback from developers during the beta testing and are excited to roll out these enhancements to the broader blockchain developer ecosystem.”
Core components of this release include:
These features add to the platform’s already advanced tech, high performance and robust developer resources. Smart contracts on Algorand can be written in Python or Reach, making it accessible for developers of all skill sets.
Algorand has experienced zero downtime since its launch, helping it become the blockchain of choice for hundreds of organizations launching DeFi protocols, NFTs, payment solutions, regulated digital assets, and more. The network supports applications that can scale to billions of participants, all on a high-speed, carbon-negative, secure and stable blockchain.
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