Blockchain Payments Platform Algorand Teams With TOP Network

Blockchain, News | March 26, 2019 By:

Blockchain-powered cloud communications network TOP Network has teamed with blockchain payments platform Algorand to collaboratively research and develop scalable blockchain services.

Funded by serial entrepreneur Steve Wei and his colleagues in late 2017, TOP Network offers low-cost, privacy preserving, and secure cloud communications services such as messaging, calling, VPN, CDN, IoT data sharing and more. It als functions as a general purpose high performance public blockchain, designed to handle real-world businesses of any size, catagory or volume.

Algorand is a scalable and decentralized cryptocurrency and transactions platform based on Byzantine Agreement (BA) protocol. It addresses blockchain’s scaling challenges through rapid and efficient user consensus, enabling even the smallest transactions, regardless of volume or number of users. The platform ensures that users never have divergent views of confirmed transactions, even if some of the users are malicious and the network is temporarily partitioned.

Under the parnership, the Algorand platform will have access to Dingtone, a social VoIP app, CoverMe, an end-to-end encrypted messaging app, and SkyVPN, a virtual private network app.  Algorand will also gain access to a massive user base to help jumpstart adoption of the protocol. TOP Network is expecting to bring 60 million users to the Algorand platform.

“The partnership between TOP Network and Algorand marks the beginning of a fruitful relationship,” said Steve Wei, founder and CEO of TOP Network. “With Algorand’s strong research approach, and TOP’s robust pre-existing user base along with blockchain powered cloud communications infrastructure, we can work together to provide reliable and powerful real-world solutions.”

“The partnership between TOP Network and Algorand is beneficial for both parties,” said Silvio Micali, Turing Award winner, and founder of Algorand. “TOP Network’s progress at building service-level applications complements the foundational academic research and theory that Algorand has transformed into a decentralized, scalable and secure pure proof-of-stake consensus platform. We look forward to working together with TOP Network to develop new, scalable blockchain solutions that can deliver the potential of blockchain technology to the masses.”