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.
ZK Hyperchains are Layer 3 (L3) blockchains built on top of existing Layer 2 (L2) or Layer 1 (L1) solutions. They leverage the power of zero-knowledge proofs (ZKPs), a cryptographic technique that allows one party (the prover) to prove to another party (the verifier) that a statement is true without revealing any additional information.
This article examines the genesis and evolution of DEGEN, from its strategic token launch and dedicated team to its cutting-edge layer-3 technology and robust community engagement. A number of key milestones are discussed, such as airdrops and pivotal integrations that have marked its short history.