TOP Network, the world’s first blockchain powered cloud communications network with over 60 million users, and Algorand, a new foundational pure proof-of-stake blockchain platform, have entered into a strategic partnership to collaboratively research and develop scalable blockchain services and infrastructure components on the public chain platform.
“The partnership between TOP Network and Algorand is beneficial for both parties,” said Silvio Micali, Turing Award winner, and founder of Algorand. “TOP Network’s progress at building service-level applications complements the foundational academic research and theory that Algorand has transformed into a decentralized, scalable and secure pure proof-of-stake consensus platform. We look forward to working together with TOP Network to develop new, scalable blockchain solutions that can deliver the potential of blockchain technology to the masses.”
Powered by its high performance blockchain and business-level components, TOP Network offers a wide array of cloud communications services to applications, such as messaging, calling, VPN, CDN, IoT data sharing and more. These functions are powered by service nodes, which will be incentivized by massive transaction volumes brought from the porting of three successful pre-existing DApps developed by the TOP Network team. Dingtone, a social VoIP app, CoverMe, an end-to-end encrypted messaging app, and SkyVPN, a virtual private network app, will bring 60 million users to the ecosystem. The Algorand platform will have access to these pluggable decentralized cloud communications services, and they will also gain access to a massive user base to help jumpstart adoption of the protocol.
“The partnership between TOP Network and Algorand marks the beginning of a fruitful relationship,” said Steve Wei, founder and CEO of TOP Network. “With Algorand’s strong research approach, and TOP’s robust pre-existing user base along with blockchain powered cloud communications infrastructure, we can work together to provide reliable and powerful real-world solutions.”
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