ALGO to be F-asset + Hugo Interview

[Seoulite]

I haven’t watched it all yet but I’ve seen the highlights. Big takeaway seems to be that ALGO is coming to Flare. My initial reaction was maybe hold off on adding new stuff and focus first on launching the damn thing but then I remembered that I don’t know anything about this process so I settled down. 

Mickey and Patty pointed out that with ALGO we now have PoW, PoS, and FBA chains as Fassets, which means in the future it should be easier to add other chains with those consensus mechanisms. Hugo said BTC will likely be an early governance proposal, and that eventually ERC20 tokens and ETH itself could be on Flare. 

Brian has talked about the power of ETH network effects and I agree, but is there a possibility of the entire ETH ecosystem being compatible with Flare and possibly just using Flare? I’m imagining USDT running on Flare… let’s put aside if this is likely, is it even possible?

 

[brianwalden]

3 hours ago, Seoulite said:

I haven’t watched it all yet but I’ve seen the highlights. Big takeaway seems to be that ALGO is coming to Flare. My initial reaction was maybe hold off on adding new stuff and focus first on launching the damn thing but then I remembered that I don’t know anything about this process so I settled down. 

Mickey and Patty pointed out that with ALGO we now have PoW, PoS, and FBA chains as Fassets, which means in the future it should be easier to add other chains with those consensus mechanisms. Hugo said BTC will likely be an early governance proposal, and that eventually ERC20 tokens and ETH itself could be on Flare. 

Brian has talked about the power of ETH network effects and I agree, but is there a possibility of the entire ETH ecosystem being compatible with Flare and possibly just using Flare? I’m imagining USDT running on Flare… let’s put aside if this is likely, is it even possible?

 

Yes it's possible. USDT is already on Omni and Tron in addition to Ethereum.