- Charles Hoskinson praised Algorand, saying it is an excellent project with exceptional people.
- Hoskinson’s tweet received mixed reactions from the Twitter community.
- Algorand is a PoS blockchain ecosystem much like Cardano.
Cardano’s chief personality Charles Hoskinson recently endorsed Algorand, saying that it is an “excellent project with exceptional people.” This tweet was part of him lauding the platform for hiring John Woods as CTO.
Read CRYPTONEWSLAND on
google news
For those unfamiliar with the project, Algorand is a blockchain ecosystem much like Cardano. It uses the Proof-of-Stake (PoS) consensus mechanism. Meanwhile, its native cryptocurrency ALGO has a maximum supply of 10 billion. It is currently ranked 30th on CoinGecko.
Meanwhile, for a little bit of history, Woods was part of Input Output Global (IOG) until June 2022. Many Cardano supporters would recognize IOG since Hoskinson is its CEO.
However, Hoskinson’s endorsement received mixed reactions from the Twitter community. Someone commended his tweet by saying Hoskinson has demonstrated “class.” On the other hand, someone interpreted the tweet as Hoskinson implying that he didn’t recognize Woods as CTO at IOG, albeit temporarily.
Still, some suggested the possibility of a partnership that may occur between Cardano and Algorand.
Twitter user Berner Simon commented on Hoskinson’s tweet:
“One day, soon, these communities will be but one.”
To be fair to Algorand, the blockchain has its own merits. For instance, Algorand is the official blockchain partner of the Fédération Internationale de Football Association (FIFA), the premier football organization in the world.
Furthermore, LimeWire, once one of the largest file-sharing websites in the world, has been relaunched as an NFT marketplace on Algorand.
At the time of writing, ALGO is changing hands at $0.3227, according to CoinGecko.
Recommended News :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
