Algorand Foundation's Head of Marketing Stephen Duignan kindly agreed to talk to YFarmX and answer some of our questions about the the foundation and its work.
The Algorand blockchain is an open-source, payments-focused blockchain network that uses a novel, more scalable form of a “proof-of-stake” consensus mechanism to solve one of the most persistent problems facing cryptocurrency: scalability.
Do Kwon, the former CEO of Terraform Labs and co-founder of the Terra blockchain ecosystem, has been arrested in Montenegro, according to a series of tweets by the country's Minister of Interior, Filip Adzic. Do Kwon's arrest has sent shockwaves through the crypto community, leading to a significant drop in the value of Terra's native LUNA tokens.
On March 15th, 2023, Euler Finance, a decentralised finance (DeFi) protocol built on the Ethereum network, suffered a flash loan attack resulting in the loss of $199 million worth of digital assets. However, on March 21st, 2023, new developments emerged as North Korea's Lazarus Group, the same group responsible for the $540 million Ronin Bridge attack last year, attempted to steal from the Euler Finance hacker responsible for the recent attack.