A Closer Look at Block Chain Technology
Don't Start With Blockchain
Blockchain: the path forward
Blockchain to Revolutionize the Financial Industry
Safwan Zaheer, Director, Financial Services Digital & Head of FinTech, KPMG US
Riding the Blockchain Wave: Challenges and Opportunities
Eric Piscini, Principal Global Blockchain Leader, Deloitte
Blockchain Community Leader, I am part of the Innovation & Digital...
Xavier Laurent, Blockchain Community Leader for Credit Agricole CIB
Blockchain: The Paradox
Sean Khozin, MD, MPH, Associate Director, FDA
Thank you for Subscribing to CIO Applications Weekly Brief

Algorand Virtual Machine Upgrade Boosts Simple, Even More Powerful Smart Contracts

AVM unlocks a more powerful system to create decentralised applications that can scale to be used by billions of participants worldwide, with a focus on enabling simplified creation and innovation.
Fremont, CA: Bockchain is the digital, distributed, and decentralized ledger enabling most virtual currencies that is responsible for logging all transaction without the need for a financial intermediary.
Algorand's Algorand Virtual Machine (AVM) is now available for use. The new upgrade will enhance the open source blockchain's position as a leading smart contract platform. This update to Algorand's Layer-1 protocol, which is now available on MainNet, provides robust tools for developers and organisations looking to build future-proof applications on fast, scalable, low-cost, and stable infrastructure.
AVM unlocks a more powerful system to create decentralised applications that can scale to be used by billions of participants worldwide, with a focus on enabling simplified creation and innovation. The protocol upgrade includes features that enable complex applications to run on a carbon-negative, high-speed, secure, and stable blockchain with instant finality.
"AVM is a major turning point for not only the entire Algorand ecosystem, but also blockchain developers more broadly," stated George Cotsikis, Founder of VenueOne, a decentralized prediction protocol running on Algorand. "The new features allow liquidity providers to algorithmically manage their risks in a highly granular way. People who are new to Algorand are going to find a lot of very powerful features that they wouldn't expect."
Algorand continues to develop advanced blockchain functionality and performance as part of its mission to provide developers with elegant technology. Since its inception, Algorand has had no downtime and offers advanced yet simple tools, making it the blockchain technology of choice for hundreds of organisations launching NFTs, payment solutions, regulated digital assets, new economic models, and DeFi offerings.
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info
Featured Vendors
-
Jason Vogel, Senior Director of Product Strategy & Development, Silver Wealth Technologies
James Brown, CEO, Smart Communications
Deepak Dube, Founder and CEO, Datanomers
Tory Hazard, CEO, Institutional Cash Distributors
Jean Jacques Borno, CFP®, Founder & CEO, 1787fp
-
Andrew Rudd, CEO, Advisor Software
Douglas Jones, Vice President Operations, NETSOL Technologies
Matt McCormick, CEO, AddOn Networks
Jeff Peters, President, and Co-Founder, Focalized Networks
Tom Jordan, VP, Financial Software Solutions, Digital Check Corp
Tracey Dunlap, Chief Experience Officer, Zenmonics