Father and husband || Automation expert || Algorand blockchain believer || Baseball lover
Joined October 2013
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Some will say removing xGov strays from decentralization. Others will believe that this is a move to make Algorand more attractive to large organizations. What say you?
Algorand Community Update
As many of you know, Algorand has new leadership and a renewed focus on building toward a sustainable, revenue-generating network model. We are excited about the unique role Algorand can play in bringing post-quantum security to the broader Web3 and digital asset ecosystem, and we believe the timing has never been better for it.
To align our work with these goals, we are sharing a series of updates on community initiatives and outstanding questions: the future of xGov, the Ecosystem Advisory Council (EAC), the Algorand Technical Council (ATC), and the status of Project King Safety, including our commitment to staking rewards.
The xGov grants program
Over the past year, the xGov program brought together a committed group of community members, and we’re grateful to everyone who took part, whether by submitting proposals, voting, or contributing to discussion. As our focus as a company shifts, we have made the decision to pause the xGov program indefinitely, effective December 6.
We also want to extend a special thanks to the members of the xGov Council for their time, care, and guidance throughout the program.
Because the Algorand Forum has, in recent years, primarily served as the home for xGov-related discussion, we will also be closing the Forum, effective November 6. A read-only archive will be made available. We encourage all Algorand developers, node runners, and ecosystem builders to join the Algorand Discord to stay up to date on the latest technical news and to connect with us directly for any support.
The Ecosystem Advisory Council & Algorand Technical Council
We formed the Ecosystem Advisory Council (EAC) in January to build a more formal bridge between the ecosystem and Algorand leadership. Its role was to gather broad-based feedback from across the community, share it with leadership, and advise on how Algorand proposals would affect the ecosystem.
As our priorities have shifted, we have decided to conclude the EAC as a company-run body, effective November 6. We want to thank the Council members for their participation.
Going forward, we still want to hear feedback and ideas from all parts of the ecosystem. The Algorand Discord is the best place to reach us.
Separately, we are also ending our sponsorship of the Algorand Technical Council (ATC) group. We will continue to host periodic Developer Council meetings for technical discussions, and you can request an invitation to this meeting by asking in Discord.
Staking rewards and Project King Safety
First and most importantly: Algorand has already committed to extending staking rewards through January 2028. This commitment stands, and it reflects our continued focus on rewarding the node runners and stakers who help secure the network.
As part of this shift, we are also indefinitely pausing Project King Safety as a holistic roadmap item. Specifically, the previously discussed ideas of lifting the ALGO supply cap (inflation-based incentives), enabling and capturing MEV, and increasing the minimum transaction fee are no longer being considered at this time.
New usage-based transaction fees, such as those in place for transactions signed using Falcon-1024 post-quantum accounts, may still be introduced or adjusted, and we will share more if and when that work progresses.
Our priority is clear: a sustainable network and continued rewards for those who help secure it.
Looking ahead
Taken together, these changes demonstrate our sharpened focus. Cryptographic security has been central to Algorand from the start, beginning with our original innovation, Pure Proof-of-Stake consensus. Falcon post-quantum signatures have run on Algorand since 2022, followed by quantum-resistant transactions in 2025 and native post-quantum accounts in 2026.
Our next chapter is about bringing those capabilities beyond Algorand to the broader Web3 and digital asset ecosystem, so custodians, wallet providers, issuers, and other networks can add post-quantum security without rebuilding the systems they already use. Building a sustainable network around that work will allow us to keep investing in Algorand, and we’re grateful to the node runners, stakers, and builders whose participation keeps it secure.
JesseWalter.algo retweeted
An Algorand consensus protocol upgrade is scheduled to go into effect this Thursday at Round 66,684,510.
Make sure you are running algod v5.0.5 so that your node is prepared for this and can continue to participate in consensus.
This is awesome! Those who have been around the Algorand space for awhile already know how brilliant @HMD2V is, but a lot of the new fam may not. Follow him now AlgoFam!
Hello Algofam! I'm happy to finally present leakswap.com and zebgen.com for public beta testing (using TestNet/StageNet).
LeakSwap is my #Algorand - #Monero cross-chain swaps protocol. Thanks to Algorand's ~2.7s block time and instant finality I believe it to be the fastest non-custodial swap protocol out there. (For now it's only ALGO<->XMR but I have plans for other pairs as well!)
I recorded a video presentation I'm attaching here. I apologize for the background noise and subpar audio but I've been stuck away from home.
Importantly: the full demo is at 19:00 - 30:00. I simulate a full swap between 2 parties ("Ali" and "Xin"), which is also what I'd like the community to try out.
Please watch the demo, follow along, DIY and make sure to send me any and pieces of feedback that you have! I have links to my telegram group and discord on Leakswap.com.
Thanks to @Urthoo for hosting nodes, the sXMR faucet and explorer. And to @kayabaNerve for helping me years ago figure out how to abuse Algorand's ed25519_verify opcode to leak the private spend key share. (Which inspired the name.)
TG: t.me/+UoVa9z0EENNhOTU0
Discord: discord.gg/a7MEQKYknS
Certainly, someone as intelligent and "in the know" as Mr. Wonderful @kevinolearytv knows about @Algorand, its post-quantum capabilities, throughput capabilities, decentralization... I could go on. But he knows about algorand:native, right? Right?
JesseWalter.algo retweeted
hearing polymarket hack victims with bigger losses are being asked to do KYC and sign a release, including agreeing not to criticize them publicly, to get their money back.
incidents like this are hard, and we're sure they have their reasons. but asking victims for silence is a rough look.
hope everyone gets made whole soon.
genuinely curious about alpha arcade? DM us and we'll send you $10 to trade with.
Seeing X posts about the @binance hack, you can really tell who is newer to crypto compared to those who are so beaten down that they just can’t feel a thing. I’m in the latter. 🤣
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If only @Algorand employed the epitome of world class cryptographers… and have been working on the solution for years… and have post-quantum security baked into the protocol… if only.
algorand:native
Might as well be considered a tour at this point. Putting Algorand back on the map!
I’ll be speaking at The Bridge by @TheTieIO today in NYC.
On a panel with Jay Pollack from VerifiedX, Joshua Lim (@joshua_j_lim) from Falcon X, and James Evans (@jimbo_evans) from Reciprocal Ventures. Moderated by @seanlippel.
Interested as to whether or not @chamath has heard of Algorand and the post-quantum capabilities provided by the Falcon signature scheme. @FinTechWilliam perhaps a conversation is in order?
(if the link does not work, go to 1:48:44)
youtu.be/kAwG9E1W_ME?si=c5KZ…
JesseWalter.algo retweeted
You can’t build the future of finance on cryptography quantum computers could break.
As tokenization scales, post-quantum security needs to be a core infrastructure decision.
My latest: algorand.co/blog/you-cant-bu…
AlgoFam… the CEO got @paulbarrontv to acknowledge Algorand! I never thought that would be possible.
In my latest interview with @paulbarrontv, we discuss AI-driven hacks, the quantum threat to finance, and Algorand's plans for post-quantum security. Watch here: youtube.com/watch?v=qEv5eFf3…
Thanks for having me, @paulbarron
He’s here, AlgoFam. Let that part of the FUD be squashed. Now let’s watch how he transforms algorand:native
I’ll be live on @therollupco podcast tomorrow at 2:30 PM ET to talk about quantum and what the October 22 OMB deadline means for banks and markets.
Tune in here: youtube.com/@TheRollupCo/str…
I think @seawillpdx is on to something here. Or, at least that is what I want to believe. Seems too coincidental, and everyone departing has had great things to say about Algorand and their desires to remain in the community.
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Head of socials feels good, and apparently Herkelrath will be on X in the near future. algorand:native
I would certainly hope there is an aggressive campaign in the works. If not… what is even going on behind the scenes? Can’t solely rely on community to spread the word!
Is there such thing as an interim for the interim? Good luck to @bmartins_ , but now what?
After nearly 4 years, I've decided to resign and move on from my role at the Algorand foundation. I'm super grateful for the experience and look forward to my next chapter.
I'll remain part of the community and will be cheering for the success of the Algorand network.
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This is exactly right. It’s “gas” after all.
IMO, people need to start to think of ALGO as a commodity rather than stock.
Good way to think of $ALGO is looking at it as oil.
The majority of us think about the oil usage only when we are the pump, yet oil is used to produce so many other things.
DeFi and RWA projects are/will use $ALGO for tx fees, but most of us are not thinking about even greater usage of $ALGO = creation/maintenance of wallets, NFTs, ASAs, NFDs and SCc.
And just like oil, there is a finate supply of ALGO.
So my theory (NFA) and why I'm hording $ALGO is due to the fact that I'm seeing it as an 'lubricant' of the future.
So, with that, what is the total market cap of most commonly used coomodity oil?
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