Algorand Expands Testnet Platform to Public Ahead of June Mainnet Release
William Suberg's original article for cointelegraph.com reduced by 47%
Digital currency and transaction platform Algorand has released its public testnet to gather feedback on its product, the company confirmed in a press release on April 16. Algorand, the brainchild of Massachusetts Institute of Technology professor Silvio Micali, seeks to build an app development platform for enterprises. The project previously obtained $66 million in funding, releasing the testnet to a limited group of participants prior to the public rollout.
Among them was Top Network, a decentralized cloud communication service which subsequently formed a partnership with Algorand to develop its own user offerings. Bgogo subsequently changed its approach after the company publicly distanced itself from the plan, instead opting to offer users futures trading. Alogorand intends to launch its mainnet product in June, along with its token.
The currency, known as Vault, will run on the Algorand blockchain.
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