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Algorand Enhances TEAL Smart Contract Language in Latest Upgrade
application building expands
BOSTON, April 13, 2021 /PRNewswire/
Algorand, a leading blockchain technology company accelerating the convergence of decentralized and traditional finance, continues to deliver on its commitment to technical innovation with the availability of its latest upgrade to its Layer-1 Smart Contracts language (TEAL), the first in a series of such enhancements. Smart Contracts on Algorand are built into Layer-1 and thus benefit from the network s speed, security, and scalability with reduced settlement risk through trustless execution, low transaction fees, and flexible implementations needed to power complex applications.
The latest upgrade is based on direct feedback from the Algorand developer community to address and remove obstacles for viable mainstream adoption, mainly by ensuring application development is faster and more efficient. Algorand s smart contract language, TEAL (Transact
2/23/2021 10:42:06 AM GMT
The massacre in the crypto market is leaving no stone unturned as ALGO dives under $1.
The critical 200 SMA has been lost, leaving open-air for further losses.
Developers can access the Algorand network without running or maintaining a node.
Recovery will begin if ALGO regains the ground above the 200 SMA on the 4-hour chart.
The cryptocurrency market is in bloodshed on Tuesday during the European session. Algorand has not been spared from the battering, which has led to massive losses. ALGO recently hit an all-time high of $1.86, but the token has lost more than 50% to trade at $0.9, despite some Algorand network developments being announced. The least resistance path is downwards until meaningful support is established.