FlexID Joins The Algorand Ecosystem

Twitter icon  •  Published 1년 전  •  Hassan Maishera

The Algorand Foundation welcomed FlexID, a digital identity startup, to its ecosystem in a blog post published on Wednesday.

The Algorand Foundation welcomed FlexID, a digital identity startup, to its ecosystem in a blog post published on Wednesday. FlexID has received a grant from the Algorand Foundation and will use the funds to further develop and scale its Self Sovereign Identity (SSI) platform. FlexID aims to make its decentralized digital identity network available in emerging markets where over one billion people are thought to lack formal identification.

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 $0.3917 at press time, down by less than 1% in the last 24 hours.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.