Summary
- Algorand said it has hired Ripple's head of engineering, Nikolaos Bougalis, as chief technology officer (CTO).
- Bougalis was described as a key engineer who led XRP Ledger development for about 10 years.
- The hire is expected to strengthen Algorand's blockchain technology development capabilities.
On the 29th (local time), according to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), the Algorand (ALGO) Foundation hired Ripple's head of engineering, Nikolaos Bougalis, as chief technology officer (CTO).
Bougalis has been a core engineer leading XRP Ledger development for about 10 years. With this hire, Algorand is expected to accelerate efforts to strengthen its blockchain technology development capabilities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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