Algorand Releases the Version 1.0 of the Platform’s dApp Builder

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Algorand Releases Its Version 1.0 of the Platform's dApp Builder
Algorand Releases Its Version 1.0 of the Platform's dApp Builder

Environment-centric cryptocurrency platform Algorand (ALGO) has released version 1.0 of the Algo Builder platform, which helps create dApps for companies alongside hackathon projects.

Algorand Also Launches a New Smart Contract with Upgrades

After ten months of development, Algo Builder offers a framework that enables developers to create, test, deploy and manage projects while granting access to high-level libraries. This version is part of the accelerated algorithms and applications that are becoming simple, efficient and scalable.

In addition, Algorand has also launched new smart contract templates with upgrades, including licensed tokens specifically designed for securities and ASA. It’s worth noting that this feature helps clarify complex compliance requirements, including whitelisting and transfer restrictions for investors.

The smart contract feature also has a stateful counter that provides a roadmap for participating in stateful smart contracts. Elsewhere, the platform also announced the creation of a new repository of Dapp templates.

In addition, Algorand has a number of blockchain upgrades planned and plans to release more smart contract templates including DAO, Bond Token, and Unique NFT.

Algorand Promises to be the Most Environmentally Friendly Blockchain

Algo Builder’s release came a month after the platform promised to be the greenest blockchain in partnership with the carbon emissions transparency and traceability company.

This decision witnessed the launch of the sustainability oracle that certified Algorand’s carbon footprint in the chain. Algorand will also use smart contracts to lock the same amount of carbon credits with standard Algorand assets.

Algorand founder Silvio Micali said:

“We understand that the mechanics of measuring the environmental impact of a global, decentralized, and widely used blockchain are nuanced and complex. That’s why we are teaming up with ClimateTrade to continue and double-down on our eco-conscious efforts.”

Algorand aims to change the narrative about sustainability and the carbon footprint of cryptocurrency mining. Recently, Bitcoin has come under severe scrutiny due to the mining power consumption of its assets. Additionally, cryptocurrency critics are questioning Bitcoin’s long-term viability due to its carbon footprint impact.