Algorand is getting a bridge to Ethereum
The Algorand Foundation has awarded Applied Blockchain a grant to develop the London Bridge, a trustless bridge that will connect Algorand with Ethereum. In a press release shared with CryptoSlate, the Foundation said that the bridge will also enable Algorand’s integration with other blockchain networks and provide a significant influx of liquidity to the growing network.
Despite its low latency, high scalability, and low cost of transactions, Algorand has been struggling with attracting liquidity. With the majority of DeFi and NFT projects now in the Ethereum ecosystem, its’s users have been struggling with a lack of network effect.
