This Blockchain Startup is quietly snatching up the best crypto talent – AMBCrypto

  • With ICO funding declining, talent is gravitating towards more established firms, like IBM.
  • A pure proof-of-stake [PoS] blockchain network, Algorand grabbed headlines in 2017 when MIT professor and cryptography pioneer, Silvio Micali, announced the permission-less blockchain platform.
  • Micali made waves in April 2017 at the Financial Cryptography and Data Security conference in Malta when he sparked debate about the role of incentives in a public blockchain’s consensus – raising speculative interest in the launch of Algorand.
  • Algorand went on to open its public test-net roughly 2 years later, after netting a reported $66 million in funding throughout 2018 and quietly accumulating high-profile talent in computer science, distributed systems, game theory, and more.
  • For example, lead development talent on IBM’s Blockchain team – which filed 89 blockchain patents in 2018 – recently jumped ship to Algorand.

Read full article: ambcrypto.com

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