Hello, crypto world! We’re thrilled to present our first Biweekly update on Algorand Inc.!

Algorand built the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. Algorand provides a blockchain that is truly decentralized, scalable, and secure. Every single token can participate in the consensus protocol, with the same power as any other token. Billions of users can generate a block in seconds, using a trivial amount of computation. What’s more, it cannot be subverted by a few miners or delegates, or by the owners of a small percentage of the tokens.

The Algorand protocol relies on its unique cryptographic sortition and its super-efficient Byzantine agreement. The Algorand blockchain does not fork. Each new block is separately agreed upon and is guaranteed to remain on the Algorand chain forever.

An Algorand co-chain is a special, permissioned version of the Algorand blockchain that enjoys customizable decentralization, transaction finality, layer-1 smart contracts, and benefits from continued innovation on the main Algorand chain.

In this Biweekly you will learn about The Algorand Wallet. It’s Algorand’s official mobile wallet that allows users to hold, transact, and request Algos or one of the hundreds of assets built on the Algorand blockchain. Within Algorand Wallet, you can access your various accounts along with their respective public and private keys.

By using the Ledger Nano X hardware wallet to store your Algorand Wallet private keys, your private keys now never even touch your phone. The transaction signing process is simple and secure.

Furthermore, you can check out the tutorial on how to Opt-In and add Tether’s USDt to your Algorand wallet in My Algo in order to be able to receive it.

Another exciting news! Meld partnered with Algorand and the Australian gold industry to tokenize gold and its supply chain. With the gold industry on the Algorand blockchain, the companies expect users will be able to find buyers and sellers quicker, trade instantly, and track the origins of their gold — all from a digital wallet or in person with a partner dealer.

Last but not least! Help build an open global database to fight COVID-19. IReport-Covid leverages blockchain technology to provide you with the means to share information in a timely, transparent and permanent way. It serves as a tool for informing the current crisis and for supporting research into pandemics for the indefinite future.

Read on for more details and stay in the loop!