Thread by @foxriverdevops

two underrated "secret" powers of #Algorand:
✅ unprecedented team 🧠 power
✅ control of the tech stack

// a few words on that ⬇️

let's start with: "unprecedented team power"

at the end of the day #blockchain networks will be a boring platform for products built on them. technically speaking they will turn into lesser known backend protocols. this has major consequences:

1. nobody will care about the protocol
2. products need to choose the best tech
3. UX and capabilities will be all that matters

people want: faster, cheaper, more capable, more secure products

it will be a tech competition at the end of the day

now an open secret: by far not all challenges in #blockchain are solved at it requires strong teams to solve that problems. let's look at bridges: all the stuff that Solana, Avalanche etc. provided so far are NOT trustless decentralized solutions

https://twitter.com/foxriverdevops/status/1494733060436287489

why? it's extremely hard to innovate in cryptography to build completely trustless and decentralized bridges. #Algorand will be the first one to deliver that with state proofs: no empty promises but true innovation leadership

distributed computing and cryptography still have many unsolved problems and #Algorand has one of the most capable teams in that business

yes: zero-knowledge proofs #zkp were invented by #Algorand team members!

news.mit.edu/2013/goldwasse…

that why it will also be the first L1 #blockchain with a quantum secure #blockchain history. the core protocols were developed by #Algorand team members: falcon-sign.info

https://twitter.com/foxriverdevops/status/1494770668243759108

you can't be a technology leader without having technology leaders in your team! #Algorand delivers world leading technology by world leaders in their field!

https://twitter.com/Algorand/status/1346820719737524225

now let's look at: "control of the tech stack"

the decision the build an own virtual machine (AVM) instead of copy pasta of the EVM will have significat benefits for scaling of real world use cases.

did you know that #Algorand smart contracts on L1 scale the same way as simple transactions? exactly: #Algorand TPS and tx finality times include L1 smart contracts and are not just simple wallet to wallet transfers that most other chains publish.

after the AVM 1.1 is ready we can expect more and faster innovation: so much more can be pushed into L1 capabilities that inherit all core protocol capabilities:
✅ security
✅ scalability
✅ decentralization

https://twitter.com/foxriverdevops/status/1479447003532865541

the #Algorand L1 is already tailor made for #futurefi: core functions are part of the core of the protocol

https://twitter.com/foxriverdevops/status/1479447003532865541

and there's room for so much more to offer unmatched capabilities added to the protocol itself in a virtual machine controlled only by #Algorand: they can innovate at their own speed without brakes attached ⚡️

that's btw. the reason why Apple, Tesla etc. decided to go for vertical integration: control the tech stack to deliver innovation not possible by just controlling part of it. that's why apps are better on iOS than Android: the hardware exposes unique APIs

tl;dr: we are in #crypto which is applied cryptography. don't bet against the man who invented modern cryptography and spent 40 years at #MIT day in day out in this field 🧠

https://twitter.com/SibiPat/status/1458505116710019081

the OG of modern #crypto oversees all research at #Algorand "one of the most preeminent mathematicians and computer scientists of the last 50 years" 🤯

✅ 40 years #MIT 👨‍🏫
✅ Turing Award 🏆
✅ Gödel Prize 🏆
✅ RSA Prize 🏆

seriously, 40 years #MIT #crypto experience! 🎤