Hassan Maishera
In a tweet on Tuesday, the Algorand Foundation announced a grant partnership with Flare, a Layer-1 protocol. The grant will see Flare develop a Bitcoin bridge into the Algorand ecosystem.
Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
ALGO is trading at $0.6640 at press time, down by more than 7% in the last 24 hours.
