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♟️ CHECKMATE, The Algorand Gambit A 2024 Roadmap♟️
Gambit: An opening move in chess that sometimes entails a degree of risk but is calculated to gain an advantage.
March 13, 2024
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In an environment that remains dynamic and competitive, 2024 marks a pivotal moment for Algorand—a commitment to fortify its permissionless blockchain infrastructure for the future while continuing to set new standards in performance and usability.

Performance has always been at the heart of Algorand’s technology, starting with the instant finality of transactions – which sets us apart from every other L1 blockchain; this year, it’s only getting better. Dynamic round times will elevate network performance, translating to higher throughput and lower round times. Future upgrades will continue to propel network performance to new heights.

Gone are the days when blockchains required developers to learn specialized languages. Now developers can use one of the most popular programming languages in the world – Python – to build on Algorand. Python, in its true native form, will open up new possibilities and expand the reach of Algorand blockchain technology like never before.

This year we are also making two transformational upgrades to the protocol, both of which are designed to markedly increase its decentralization. First, Algorand is introducing the incentivization of consensus, and second, it is transitioning to a peer-to-peer (P2P) gossip network. These strategic changes  will  give more power to Algorand users and improve the autonomy of the chain. We believe that these transformational upgrades will be an important part of driving Algorand’s widespread adoption in 2024.

The 2024 roadmap doubles down on Algorand’s core strengths as we aim to push boundaries and illuminate a path of self-reliance where performance, resilience, and usability converge to redefine the blockchain landscape.

The Sicilian Defense: Dynamic round times 

Sicilian Defense: A combative opening strategy that typically results in positions characterized by dynamism and sharpness.

Dynamic round times (a.k.a., dynamic lambda) will increase network performance, meaning higher throughput and lower block times on the Algorand network. Think of it like this—you're at a bus stop, and instead of adhering to a rigid timetable, the bus adjusts its departure time based on the number of passengers waiting. In blockchain terms, an algorithm adjusts block finality based on network congestion and other factors, enabling average round times to drop. With this upgrade, block times will average less than three seconds. Builders will benefit from the flexibility of dynamic round times as it enhances the efficiency and scalability of the Algorand network. End-users will experience quicker confirmations at a point-of-sale speed with which they’re familiar, creating a seamless and timely interaction with the blockchain. 

This protocol upgrade was voted into the Algorand network on January 10th and went into effect on January 17th. This marks an important step in continuing to improve upon Algorand’s already industry-leading performance. Future upgrades will see block times drop even further.

The Ruy Lopez: AlgoKit 2.0

Ruy Lopez: A formidable chess opening, widely embraced by players of all skill levels, and sure to bring about winning results. 

Since its inception, Algorand has been known for, and has consistently demonstrated, technical excellence. However, realizing its promise demands more than innovation—it requires widespread adoption. Algorand is answering this call with a groundbreaking move: the integration of Python, one of the world’s most popular programming languages. No longer do developers need specialized programming knowledge to build on Algorand; the doors are wide open. An estimated ten million developers worldwide, ranging from students to today's leading AI/ML professionals, can now effortlessly harness the advantages of decentralized technology with Algorand. This transformation isn't just about accessibility; it's a global invitation to innovation. The Python on Algorand experience comes wrapped in AlgoKit 2.0, a comprehensive toolset that provides everything you need to build, test, and deploy on Algorand, including an easy ten-minute onboarding. Developers can try Python on Algorand through the developer preview now.

AlgoKit will see additional upgrades throughout 2024, including improvements to localnet and sandbox, for an enriched experimenting environment. The introduction of Python unit testing will help users write secure code, and a visual debugger tool will help identify and solve issues quickly. We’re not stopping there; the smart contract experience will also be upgraded, and the rollout of app-building libraries will allow users to easily incorporate third-party smart contracts into their own applications. AlgoKit is evolving to make the development journey smoother and more feature-packed than ever before.

The Queen’s Gambit: Non-archival relays

Queen’s Gambit: A popular chess opening that involves sacrificing a pawn for a greater strategic advantage. Note: The pawn can be regained.

Algorand had initially required all relay nodes responsible for spreading information across the network to be archival—in other words, to store a complete copy of the ledger. It was an early way of ensuring there were several viable copies of the chain history. This worked well in the beginning when there were fewer nodes, but as the network has grown it has become increasingly energy intensive for relay nodes to be tasked with both efficiently transmitting data and maintaining the full history of the ledger. 

In reality,  only some relay nodes need to maintain a full viable copy, and the network topology is being modified to reflect that. Transitioning a higher proportion of relays to non-archival status will not only make the network greener and more efficient but will also significantly reduce the costs associated with running non-archival relays. While these relays will still operate, they will now function as a value-added service, thereby contributing to a more streamlined and environmentally conscious Algorand ecosystem.

The Réti: Consensus incentivization

Réti: An opening for strategically-minded players renowned for its reliability and effectiveness, especially in long-term positional battles.

Algorand is inherently designed for decentralization, and its Pure Proof-of-Stake mechanism makes participation extremely accessible. This year, in the first significant upgrade to its consensus mechanism since inception, Algorand will now directly incentivize that participation. That is, Algorand will soon change the L1 behavior to reward block producers. The impact of incentivizing consensus is that it will drive a surge in the amount of Algo being staked and increase the number of consensus nodes in the network, thereby increasing network security and decentralization.

A portion of the consensus incentives will come from transaction fees. In the short-to-medium term, the Algorand Foundation will also contribute funds to boost the incentive reward amounts. Over time, as adoption of Algorand grows and modifications to the fee structure are implemented, transaction fees will become more meaningful and should be able to sustain the security of the network on its own. 

To learn more about the proposed design for implementing consensus incentivization, read “Algorand Consensus Incentivisation: An Algorand Foundation discussion paper” or watch John Woods, Algorand Foundation CTO, talk through the paper

The Capablanca Variation: P2P gossip network

Capablanca Variation: Moves played by a world chess champion known for his endgame skills and unmatched ability to look at a position briefly and come up with the best move.

Algorand currently operates on a relay-style network, where consensus nodes (formerly participation nodes) produce blocks in a permissionless manner. These blocks are then transmitted across the network through relay nodes that form a loop for efficient data propagation. While extremely efficient, this structure is not the most decentralized form of network. To further promote decentralization, Algorand is shifting away from this relay structure to a P2P gossip network, similar to how Bitcoin and many other crypto networks operate. In this model, data flows directly between consensus nodes, creating a decentralized spider web-like structure. This looks to reduce the reliance on relay nodes, making the network fully viable even without relays present. The evolution towards a P2P network signifies a significant step towards a more enduring future for Algorand, where it can operate independently and remain resilient to potential disruptions. This adjustment aligns with the core ethos of decentralized technology, ensuring Algorand’s autonomy and resilience in the long run.

 

A glimpse into 2025

Embarking on the next chapter of innovation in 2025, Algorand will continue to pursue technical excellence, further solidifying its commitment to redefining accessibility in blockchain. We will introduce support for even more programming languages in AlgoKit 3.0 and incorporate more world-class tooling and debugging capabilities, promising an unparalleled development experience. Algorand developers will have an even more diverse set of tools at their disposal, fueling the long-term evolution of blockchain development.

 

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Dubai regulator VARA classifies RWA issuance as licensed activity
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You want to build real-world assets onchain.

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🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

~Namasté 🙏 Crypto Michael ⚡ The Dinarian

Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

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Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

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Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

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“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes… in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

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They literally suggested using Israel to start the war, so America could stand back and say, “Wasn’t us!”

They even titled a chapter of this report: “Leave It to Bibi” — naming Netanyahu as the guy to light the match.

Exhibit B: The Council on Foreign Relations (CFR).

The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a “contingency memothat laid out the whole military plan for an Israeli strike on Iran — step by step.

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He even reveals how they discussed false flag attacks — faking an Iranian strike to justify going to war. That’s not a conspiracy theory. That’s documented strategy.

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If you’ve never trusted the mainstream media, you’re right not to.

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You’re paying attention.

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Pray for a President who still wants peace.

And pray that we wake up before it’s too late.

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Until next time, God bless you, your family and nation.

Take care,

George Christensen

Source:

George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

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— George Christensen.

Find more about George at his www.georgechristensen.com.au website.

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The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

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