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Algorand Educate: Algorand Development Environment

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Vanessa Lošić

The document provides an overview of the steps needed to set up a development environment for building on the Algorand blockchain. It discusses Algorand's core features like pure proof-of-stake, atomic transfers, smart contracts, and standardized assets. The presentation also demonstrates how to use developer tools like PyTeal, the Algorand sandbox, and REST APIs to build applications combining different layer 1 capabilities.

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• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 1 Setting up Algorand Development Environment Russ Fustino Developer Advocate russ@algorand.com
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Poll Questions 2
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level What do I need to know to get setup for Algorand Blockchain Development? • Do I understand the Algorand Blockchain? • Use cases? • Layer 1- What’s in it? • What does an example blockchain solution look like? • Code, show me the code. 6
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Agenda ○ Blockchain Use Cases ○ Algorand Blockchain Basics ○ Layer–1 Features ○ Developer Tools!
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 8 Blockchain Use Cases
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Props Network Turn App users into loyal financial stakeholders • Props platform abstracts blockchain’s technological complexity for apps • Simple API - loyalty programs • SEC - approved token • Ecosystem for token holders • Video – https://youtu.be/GbMu-YT7zGI 9 https://www.algorand.com/what-we-do/use-cases/props
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level SIAE - Società Italiana degli Autori ed Editori (Italian Society of Authors and Publishers) Digital Copyright Assets using NFTs (Non-Fungible Tokens) • 4 million NFTs on Algorand for 95,000+ creators • Copyrights for the first time - represented as digital assets • Decentralized and Transparent public blockchain • Global and Open Infrastructure • End-to-end Protection • The Future of the Industry 10 https://www.algorand.com/resources/news/siae-launches-4-million-nfts-on-algorand-for-creators
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Circle and Coinbase – Centre consortium Payments & treasury infrastructure for the internet • Accept payments • Send payouts globally • Leverage traditional payments • Through blockchain infrastructure • Global, Scalable and efficient • USDC - fastest growing stablecoin - 2.3 Billion in circulation. 11 https://www.algorand.com/what-we-do/use-cases/circle
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Other use cases… Tamper-proof charity organizations : • China Ministry using blockchain • improve transparency of social services • tracking of donations / audit trail Voting - tamper-proof Healthcare - global access / medial records Automotive • supply chain visibility - vehicle integrity • details of wear and tear of spare parts, sensors writing to blockchain 21 Source: Forkast.Insights China Blockchain Report 2019-2020
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level DeFi apps explode in 2020 – 2021 on blockchains. • 2020: One (1) Trillion dollars in cumulative blockchain network value! • 2021: Three (3) Trillion dollars forecast in the blockchain industry! * 22 • Source: Crypto Theses for 2021 https://messari.io/
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand DeFi Examples • IBMR • FlexFinTech • IDEX • Monerium • Pokt • Stablecoins like Tether, USDC, Meld • Archax 23
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 27 Algorand Blockchain Basics
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Blockchain = Immutable Distributed Ledger Blocks Transactions Accounts Assets Applications 28
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Pure Proof of Stake Simplified Smart Contracts Network-Wide Incentives Seamless Upgrades Scalable & Secure 𝐵! 𝐵" 𝐵# 𝐵$ 𝐵% … Effortless One-By-One Byzantine Agreement Forks? Proof of Work?
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level The Byzantine General’s Problem 30 “You really don’t need everyone to participate, what you need is a representative sample.” Silvio Micali Founder - Algorand Turing Award winner VRF
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Key Idea 1) Sample small random committee: All users 2) Committee agrees on a block of transactions. Every member verifies transactions and digitally signs it. 𝐵! 𝐵" 𝐵# 𝐵$ 𝐵% 3) The block is added to the chain 𝐵% 𝐵& 𝐵&
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Blockchain Pure Proof-of-Stake Protocol 34 TRANSACTION CERTAINTY Fueling Advances in Powerful Real-World Applications TRUE SCALABILITY ENERGY EFFICIENCY TECHNICAL FLEXIBILITY TRUE SECURITY COST EFFICIENCY INFRASTRUCTURE LONGEVITY PLATFORM EXTENSIBILITY 1000 TPS < 5s Block Times
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand's Core Protocol Video Pure Proof of Stake – For more information watch this video: • https://www.youtube.com/watch?v=gACVKaNqxPs • Youtube.com/algorand 35
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 36 Layer 1 Features
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Layer 1 vs Layer 2? • Layer 1: features “built into” the blockchain itself • Layer 2: solutions “built on top of it” • Scale is needed for a global blockchain 37
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Standard Assets (ASA) Algorand Smart Contracts (ASC1) Atomic Transactions Algorand Layer 1 Features Rekeying
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Blockchain = Immutable Distributed Ledger Blocks Transactions Accounts Assets Applications Atomic Transactions Algorand Smart Contracts Algorand Standard Assets Rekeying 39
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level ● Create Native Tokens ● Administrator Functions ● Asset Spam Protection ● Resides on Layer-1 Algorand Standard Assets (ASA) T Block Block Block
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Example Assets FUNGIBLE TOKENS • In Game Points • Stable Coins • Loyalty Points • System Credits • Cryptocurrencies NON-FUNGIBLE TOKENS • In Game Items • Supply Chain • Real Estate • Identity • Certifications • Collectables RESTRICTED FUNGIBLE TOKENS • Securities • Gov't Issued Fiat RESTRICTED NON-FUNGIBLE TOKENS • Real Estate • Ownership Registries • Regulatory Certifications
Demos Crypto Tokens? Algodesk.io Explorers https://goalseeker.purestake.io https://algoexplorer.io/ Globally? Algosigner
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level ● All Must Succeed or All Fail ● On chain Native Function ● Easy and Secure ● Up To 16 Transactions ● Guarantees Exchange of Goods ● Combine with other Algorand technologies Algorand Atomic Transfers
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Examples – Atomic Transfers ● Simplified/Expedited Settlement ● Efficient Matched Funding ● Reduced Counterparty Risk ● Enable any Multilateral Trade ● Circular Trades ● Group Payments ● Combine with Algorand ASA and ASC1 ● Instant Settlement for Complex Multi party / Asset transactions ● Distributed Payments 44
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level ● Transaction Execution Approval Language ○ Contract Logic : TEAL ○ Python Enabled Compiler (PyTeal) ● Two Types Of Smart Contracts ○ Stateless - Approve Spending Transactions ○ Stateful – Global/Local Storage ● Combinable with Other Algorand Technologies ○ Atomic Transfers ○ Algorand Assets ○ Combine Stateless and Stateful Contracts Algorand Smart Contracts Smart Contract
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Stateless Smart Contracts Replaces Signing of Transactions Logic Account: any transactions sent from this account will be verified by the predefined logic ■ Escrow Style Accounts ■ Split Payments ■ HTLC Contracts Logic Signature: any transactions signed with this signature will be verified by the predefined logic (Delegated Authority) ■ Recurring Payments
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Stateful Smart Contract Lifecycle • Create Application • Optin - Participate (local storage) • NoOP - Call an App • Update Application • Delete Application • CloseOut – TEAL logic must be true • ClearState – Always will clear 47 https://developer.algorand.org/docs/features/asc1/stateful/#the-lifecycle-of-a-stateful-smart-contract
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Accounts Smart Contract Standard Account Multisig Account Logic Account
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Rekeying • Public Key vs Private Key • Cryptographic keypair • Rekeying: Separates private/public keys—assigns other authorized address(es) to approve transactions. • Transactions -- Authorized signing address No other blockchain offers a way to change Private Spending Keys so easily!
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Wallet • Download from App Store and Google Play • Nano X Ledger support • TestNet / MainNet Settings • Rekey to the ledger • Asset support 50
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Smart Contract Value Financial Data Recording Digital Identity Trade Finance Clearing & Settlement Credit & Lending Stablecoins Escrow Payments DeFi Financial Industry
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Indexer
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Indexer • Build your own https://developer.algorand.org/docs/run-a-node/setup/indexer/ • Use a service: • Purestake https://www.purestake.com/ • Rand Labs https://algoexplorer.io/ • Use sandbox default for Private network (includes Indexer instance) 53
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Combining Layer 1 Features - Voting Smart Contract V Voting Commission Account Vote For Candidate A Voting Smart Contract Global State Increment Candidate A Vote Total Atomically Grouped Spend Voting Token
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Combining Layer 1 Features Crowdfunding Stateful Smart Contract Crowdfunding Smart Contract Atomically Grouped Payment from Escrow to User 1 Stateless Smart Contract Crowdfunding Escrow Account User 1 Claims Escrow Funds
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 56 Developers Tools!
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Robust & Comprehensive Developer Resources • Documentation • Start building applications • Feature Guides • How to install & run nodes • Reference documentation • Community Projects • Tutorials - Step-by-step • Solutions - Sample code , common use-cases • Articles – Developer News, launches, events, and technical overviews • Forums - Community Forums and latest announcements https://developer.algorand.org/
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Networks 60
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Nodes https://developer.algorand.org/docs/build-apps/setup/ Create and run your own • Mac / Ubuntu / Other Linux Distros (Example - Raspberry Pi) • Used to take several hours to sync, but now Fast catch-up is here! Purestake and Rand Labs API services • Indexed, Archived • Can access from SDK code on platforms that do not have nodes Sandbox • Docker • Not for production / snapshot start from current node no sync time 61
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level + = sandbox Sandbox • Clone https://github.com/algorand/sandbox • Defaults to Private Network (includes indexer) ./sandbox up • TestNet use: ./sandbox up TestNet (BetaNet, TestNet and MainNet are all supported)
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Sandbox 65
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level IDEs SDKs Code Tools Languages PyTeal TE L Rust, PHP, Dart, C# RockX Reach Algorand Studio
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 69
Demo – Create Accounts Dispense TestNet Algos First Transaction
Demo AlgoDEA IDE Stateless Smart Contracts
Mulitsig Atomic Transactions
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level PyTEAL - Python Library https://pyteal.readthedocs.io/en/latest Returns
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Create new application PyTeal compileTeal() Compile Teal Source Create App
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Debugging Debug with Tealdbg Dryrun request Accounts Signed Transaction Approval Program Source
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Debugging : chrome://inspect 88
Demo: Stateful Smart Contracts
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Use your own indexer in Sandbox • Sandbox: ./sandbox up • Ready in Minutes • Use REST API curls/postman to verify (no Explorer in Private Network) 99 https://developer.algorand.org/docs/reference/sdks/
Demo - Indexer REST Endpoints https://developer.algorand.org/docs/reference/sd ks/#algod-v2-and-indexer-rest-endpoints
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Developer Newsletter – signup at https://developer.algorand.org/pages/newsletter/ 101
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Community Projects 102 https://developer.algorand.org/docs/community/
Community Projects https://developer.algorand.org/docs/community/
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level What is Reach? 104 •Safest & Easiest Way to Build Blockchain Applications https://reach.sh/ https://www.youtube.com/watch?v=gGz9uvLpLXo
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level What is Reach? 105 • Programing Language • JavaScript Syntax • High-Level Language • Compiler • Outputs to Any Chain with Just a Configuration Change • Mathematically Guarantees Safety • Outputs the Entire Application(Not just the Smart Contract) • Deploy • Launches Appropriate Node • Runs Test Simulation
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level PureStake’s AlgoSigner API MetaMask-like Chrome Wallet 106 https://chrome.google.com/webstore https://www.youtube.com/watch?v=GQvzp8-jcVU
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level My Algo Connect https://wallet.myalgo.com/ https://www.youtube.com/watch?v=6ECpyvir_a4 107
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level algoDEA • algoDEA Algorand IntelliJ Plugin IDE • End to end development life-cycle • Easily create stateless and stateful smart contracts directly the IDE. • ASA management, Transactions, Test account management • GitHub: https://github.com/bloxbean/algodea • Feb 23rd, 17:00 UTC (12 noon EST) | Building on Algorand using AlgoDEA IDE 108 Great Video https://bit.ly/3uOKpH8
Demo - Community Projects AlgoSigner https://purestake.github.io/algosigner-dapp- example/index.html Reach – Blockchain agnostic write once for Algorand and Ethereum algoDEA – Amazing IDE
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Foundation Reward Programs • Developer Awards Program https://algorand.foundation/developer-incentive-awards-program • Algorand Developer Ambassador Rewards (DevAms) https://algorand.foundation/dev-ambassadors • Grant Programs https://algorand.foundation/grants-program • Grant Recipients https://algorand.foundation/2020-grant-recipients • Algorand Scouts https://algoscouts.fund/ https://github.com/algorandfoundation/grow-algorand • Security https://www.algorand.com/resources/security 110
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Community Leadership: 500+ Ambassadors, 66+ countries Contact Stephen Duignan stephen@algorand.foundation Visit community.algorand.org
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Video Resources - Youtube.com/algorand TEAL https://youtu.be/OWFRP9McBmk Pure Proof of Stake: https://www.youtube.com/watch?v=gACVKaNqxPs
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Where are the code samples? Java, JavaScript, Go and Python • File Structure by Feature/V2/Language: https://github.com/algorand/docs https://github.com/algorand/docs/tree/master/examples • File Structure By Language/V2/Feature: Clone https://github.com/algorand-devrel/hackathon https://github.com/algorand- devrel/hackathon/tree/master/algorandsamples/v2 • Smart Contract DEX example https://github.com/algorand/smart-contracts 113
Upcoming Developer Office Hours Every Other Tuesday April 6th, 14:00 UTC (9am EST) | New TEAL3 OpCodes enhance smart contract development. Recording available soon. April 20, UTC (9am EST) | NFT design considerations and best practices OFFICE HOURS sign up: https://www.algorand.com/developers
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Resources ● Discord: https://discord.gg/YgPTCVk ● Developer Portal (Documentation and Tutorials): https://developer.algorand.org/ ● Forum: https://forum.algorand.org/ ● GitHub: https://github.com/algorand ● PowerPoint: https://bit.ly/3rTw4GE ● OFFICE HOURS sign up: https://www.algorand.com/developers ● YouTube: https://youtube.com/algorand
Resources: Discord channel: https://discord.com/invite/YgPTCVk AlgoSigner Tutorial: https://developer.algorand.org/tutorials/adding-transaction-capabilities-dapp-using-algosigner/ VS Code Tutorials: https://developer.algorand.org/tutorials/vs-code-python/ https://developer.algorand.org/tutorials/vs-code-java/ https://developer.algorand.org/tutorials/vs-code-go/ https://developer.algorand.org/tutorials/vs-code-javascript/ https://developer.algorand.org/tutorials/vs-code-csharp/ See Community Tools Here: https://developer.algorand.org/docs/community/ Algorand Studio: https://github.com/ObsidianLabs/AlgorandStudio#algorand-studio AlgoDEA: https://algodea-docs.bloxbean.com/overview
Resources (continued): Algorand Playground: https://algorand.rockx.com/ AlgoDesk.io https://algodesk.io/#/portal/home Sign up to developer office hours here: https://www.algorand.com/developers Algorand Builder Article: https://developer.algorand.org/articles/introducing-algorand-builder/ Rest API endpoints: https://developer.algorand.org/docs/reference/sdks/#algod-v2-and-indexer-rest-endpoints Rekeying: https://developer.algorand.org/docs/features/accounts/rekey/
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Summary ○ Blockchain Use Cases ○ Algorand Blockchain Basics ○ Layer–1 Features ○ Developer Tools!
Questions? ● PowerPoint: https://bit.ly/3rTw4GE Please fill out Feedback on session… http://bit.ly/3rhdlpf
• Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Sign up Today! 121

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Algorand Educate: Algorand Development Environment

  • 1. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 1 Setting up Algorand Development Environment Russ Fustino Developer Advocate russ@algorand.com
  • 2. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Poll Questions 2
  • 3. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level What do I need to know to get setup for Algorand Blockchain Development? • Do I understand the Algorand Blockchain? • Use cases? • Layer 1- What’s in it? • What does an example blockchain solution look like? • Code, show me the code. 6
  • 4. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Agenda ○ Blockchain Use Cases ○ Algorand Blockchain Basics ○ Layer–1 Features ○ Developer Tools!
  • 5. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 8 Blockchain Use Cases
  • 6. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Props Network Turn App users into loyal financial stakeholders • Props platform abstracts blockchain’s technological complexity for apps • Simple API - loyalty programs • SEC - approved token • Ecosystem for token holders • Video – https://youtu.be/GbMu-YT7zGI 9 https://www.algorand.com/what-we-do/use-cases/props
  • 7. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level SIAE - Società Italiana degli Autori ed Editori (Italian Society of Authors and Publishers) Digital Copyright Assets using NFTs (Non-Fungible Tokens) • 4 million NFTs on Algorand for 95,000+ creators • Copyrights for the first time - represented as digital assets • Decentralized and Transparent public blockchain • Global and Open Infrastructure • End-to-end Protection • The Future of the Industry 10 https://www.algorand.com/resources/news/siae-launches-4-million-nfts-on-algorand-for-creators
  • 8. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Circle and Coinbase – Centre consortium Payments & treasury infrastructure for the internet • Accept payments • Send payouts globally • Leverage traditional payments • Through blockchain infrastructure • Global, Scalable and efficient • USDC - fastest growing stablecoin - 2.3 Billion in circulation. 11 https://www.algorand.com/what-we-do/use-cases/circle
  • 9. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Other use cases… Tamper-proof charity organizations : • China Ministry using blockchain • improve transparency of social services • tracking of donations / audit trail Voting - tamper-proof Healthcare - global access / medial records Automotive • supply chain visibility - vehicle integrity • details of wear and tear of spare parts, sensors writing to blockchain 21 Source: Forkast.Insights China Blockchain Report 2019-2020
  • 10. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level DeFi apps explode in 2020 – 2021 on blockchains. • 2020: One (1) Trillion dollars in cumulative blockchain network value! • 2021: Three (3) Trillion dollars forecast in the blockchain industry! * 22 • Source: Crypto Theses for 2021 https://messari.io/
  • 11. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand DeFi Examples • IBMR • FlexFinTech • IDEX • Monerium • Pokt • Stablecoins like Tether, USDC, Meld • Archax 23
  • 12. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 27 Algorand Blockchain Basics
  • 13. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Blockchain = Immutable Distributed Ledger Blocks Transactions Accounts Assets Applications 28
  • 14. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Pure Proof of Stake Simplified Smart Contracts Network-Wide Incentives Seamless Upgrades Scalable & Secure 𝐵! 𝐵" 𝐵# 𝐵$ 𝐵% … Effortless One-By-One Byzantine Agreement Forks? Proof of Work?
  • 15. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level The Byzantine General’s Problem 30 “You really don’t need everyone to participate, what you need is a representative sample.” Silvio Micali Founder - Algorand Turing Award winner VRF
  • 16. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Key Idea 1) Sample small random committee: All users 2) Committee agrees on a block of transactions. Every member verifies transactions and digitally signs it. 𝐵! 𝐵" 𝐵# 𝐵$ 𝐵% 3) The block is added to the chain 𝐵% 𝐵& 𝐵&
  • 17. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Blockchain Pure Proof-of-Stake Protocol 34 TRANSACTION CERTAINTY Fueling Advances in Powerful Real-World Applications TRUE SCALABILITY ENERGY EFFICIENCY TECHNICAL FLEXIBILITY TRUE SECURITY COST EFFICIENCY INFRASTRUCTURE LONGEVITY PLATFORM EXTENSIBILITY 1000 TPS < 5s Block Times
  • 18. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand's Core Protocol Video Pure Proof of Stake – For more information watch this video: • https://www.youtube.com/watch?v=gACVKaNqxPs • Youtube.com/algorand 35
  • 19. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 36 Layer 1 Features
  • 20. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Layer 1 vs Layer 2? • Layer 1: features “built into” the blockchain itself • Layer 2: solutions “built on top of it” • Scale is needed for a global blockchain 37
  • 21. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Standard Assets (ASA) Algorand Smart Contracts (ASC1) Atomic Transactions Algorand Layer 1 Features Rekeying
  • 22. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Blockchain = Immutable Distributed Ledger Blocks Transactions Accounts Assets Applications Atomic Transactions Algorand Smart Contracts Algorand Standard Assets Rekeying 39
  • 23. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level ● Create Native Tokens ● Administrator Functions ● Asset Spam Protection ● Resides on Layer-1 Algorand Standard Assets (ASA) T Block Block Block
  • 24. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Example Assets FUNGIBLE TOKENS • In Game Points • Stable Coins • Loyalty Points • System Credits • Cryptocurrencies NON-FUNGIBLE TOKENS • In Game Items • Supply Chain • Real Estate • Identity • Certifications • Collectables RESTRICTED FUNGIBLE TOKENS • Securities • Gov't Issued Fiat RESTRICTED NON-FUNGIBLE TOKENS • Real Estate • Ownership Registries • Regulatory Certifications
  • 26. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level ● All Must Succeed or All Fail ● On chain Native Function ● Easy and Secure ● Up To 16 Transactions ● Guarantees Exchange of Goods ● Combine with other Algorand technologies Algorand Atomic Transfers
  • 27. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Examples – Atomic Transfers ● Simplified/Expedited Settlement ● Efficient Matched Funding ● Reduced Counterparty Risk ● Enable any Multilateral Trade ● Circular Trades ● Group Payments ● Combine with Algorand ASA and ASC1 ● Instant Settlement for Complex Multi party / Asset transactions ● Distributed Payments 44
  • 28. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level ● Transaction Execution Approval Language ○ Contract Logic : TEAL ○ Python Enabled Compiler (PyTeal) ● Two Types Of Smart Contracts ○ Stateless - Approve Spending Transactions ○ Stateful – Global/Local Storage ● Combinable with Other Algorand Technologies ○ Atomic Transfers ○ Algorand Assets ○ Combine Stateless and Stateful Contracts Algorand Smart Contracts Smart Contract
  • 29. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Stateless Smart Contracts Replaces Signing of Transactions Logic Account: any transactions sent from this account will be verified by the predefined logic ■ Escrow Style Accounts ■ Split Payments ■ HTLC Contracts Logic Signature: any transactions signed with this signature will be verified by the predefined logic (Delegated Authority) ■ Recurring Payments
  • 30. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Stateful Smart Contract Lifecycle • Create Application • Optin - Participate (local storage) • NoOP - Call an App • Update Application • Delete Application • CloseOut – TEAL logic must be true • ClearState – Always will clear 47 https://developer.algorand.org/docs/features/asc1/stateful/#the-lifecycle-of-a-stateful-smart-contract
  • 31. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Accounts Smart Contract Standard Account Multisig Account Logic Account
  • 32. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Rekeying • Public Key vs Private Key • Cryptographic keypair • Rekeying: Separates private/public keys—assigns other authorized address(es) to approve transactions. • Transactions -- Authorized signing address No other blockchain offers a way to change Private Spending Keys so easily!
  • 33. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Wallet • Download from App Store and Google Play • Nano X Ledger support • TestNet / MainNet Settings • Rekey to the ledger • Asset support 50
  • 34. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Smart Contract Value Financial Data Recording Digital Identity Trade Finance Clearing & Settlement Credit & Lending Stablecoins Escrow Payments DeFi Financial Industry
  • 35. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Indexer
  • 36. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Indexer • Build your own https://developer.algorand.org/docs/run-a-node/setup/indexer/ • Use a service: • Purestake https://www.purestake.com/ • Rand Labs https://algoexplorer.io/ • Use sandbox default for Private network (includes Indexer instance) 53
  • 37. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Combining Layer 1 Features - Voting Smart Contract V Voting Commission Account Vote For Candidate A Voting Smart Contract Global State Increment Candidate A Vote Total Atomically Grouped Spend Voting Token
  • 38. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Combining Layer 1 Features Crowdfunding Stateful Smart Contract Crowdfunding Smart Contract Atomically Grouped Payment from Escrow to User 1 Stateless Smart Contract Crowdfunding Escrow Account User 1 Claims Escrow Funds
  • 39. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 56 Developers Tools!
  • 40. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Robust & Comprehensive Developer Resources • Documentation • Start building applications • Feature Guides • How to install & run nodes • Reference documentation • Community Projects • Tutorials - Step-by-step • Solutions - Sample code , common use-cases • Articles – Developer News, launches, events, and technical overviews • Forums - Community Forums and latest announcements https://developer.algorand.org/
  • 41. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Networks 60
  • 42. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Nodes https://developer.algorand.org/docs/build-apps/setup/ Create and run your own • Mac / Ubuntu / Other Linux Distros (Example - Raspberry Pi) • Used to take several hours to sync, but now Fast catch-up is here! Purestake and Rand Labs API services • Indexed, Archived • Can access from SDK code on platforms that do not have nodes Sandbox • Docker • Not for production / snapshot start from current node no sync time 61
  • 43. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level + = sandbox Sandbox • Clone https://github.com/algorand/sandbox • Defaults to Private Network (includes indexer) ./sandbox up • TestNet use: ./sandbox up TestNet (BetaNet, TestNet and MainNet are all supported)
  • 44. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Sandbox 65
  • 45. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level IDEs SDKs Code Tools Languages PyTeal TE L Rust, PHP, Dart, C# RockX Reach Algorand Studio
  • 46. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level 69
  • 47. Demo – Create Accounts Dispense TestNet Algos First Transaction
  • 50. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level PyTEAL - Python Library https://pyteal.readthedocs.io/en/latest Returns
  • 51. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Create new application PyTeal compileTeal() Compile Teal Source Create App
  • 52. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Debugging Debug with Tealdbg Dryrun request Accounts Signed Transaction Approval Program Source
  • 53. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Debugging : chrome://inspect 88
  • 54. Demo: Stateful Smart Contracts
  • 55. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Use your own indexer in Sandbox • Sandbox: ./sandbox up • Ready in Minutes • Use REST API curls/postman to verify (no Explorer in Private Network) 99 https://developer.algorand.org/docs/reference/sdks/
  • 56. Demo - Indexer REST Endpoints https://developer.algorand.org/docs/reference/sd ks/#algod-v2-and-indexer-rest-endpoints
  • 57. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Developer Newsletter – signup at https://developer.algorand.org/pages/newsletter/ 101
  • 58. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Community Projects 102 https://developer.algorand.org/docs/community/
  • 60. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level What is Reach? 104 •Safest & Easiest Way to Build Blockchain Applications https://reach.sh/ https://www.youtube.com/watch?v=gGz9uvLpLXo
  • 61. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level What is Reach? 105 • Programing Language • JavaScript Syntax • High-Level Language • Compiler • Outputs to Any Chain with Just a Configuration Change • Mathematically Guarantees Safety • Outputs the Entire Application(Not just the Smart Contract) • Deploy • Launches Appropriate Node • Runs Test Simulation
  • 62. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level PureStake’s AlgoSigner API MetaMask-like Chrome Wallet 106 https://chrome.google.com/webstore https://www.youtube.com/watch?v=GQvzp8-jcVU
  • 63. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level My Algo Connect https://wallet.myalgo.com/ https://www.youtube.com/watch?v=6ECpyvir_a4 107
  • 64. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level algoDEA • algoDEA Algorand IntelliJ Plugin IDE • End to end development life-cycle • Easily create stateless and stateful smart contracts directly the IDE. • ASA management, Transactions, Test account management • GitHub: https://github.com/bloxbean/algodea • Feb 23rd, 17:00 UTC (12 noon EST) | Building on Algorand using AlgoDEA IDE 108 Great Video https://bit.ly/3uOKpH8
  • 65. Demo - Community Projects AlgoSigner https://purestake.github.io/algosigner-dapp- example/index.html Reach – Blockchain agnostic write once for Algorand and Ethereum algoDEA – Amazing IDE
  • 66. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Algorand Foundation Reward Programs • Developer Awards Program https://algorand.foundation/developer-incentive-awards-program • Algorand Developer Ambassador Rewards (DevAms) https://algorand.foundation/dev-ambassadors • Grant Programs https://algorand.foundation/grants-program • Grant Recipients https://algorand.foundation/2020-grant-recipients • Algorand Scouts https://algoscouts.fund/ https://github.com/algorandfoundation/grow-algorand • Security https://www.algorand.com/resources/security 110
  • 67. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Community Leadership: 500+ Ambassadors, 66+ countries Contact Stephen Duignan stephen@algorand.foundation Visit community.algorand.org
  • 68. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Video Resources - Youtube.com/algorand TEAL https://youtu.be/OWFRP9McBmk Pure Proof of Stake: https://www.youtube.com/watch?v=gACVKaNqxPs
  • 69. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Where are the code samples? Java, JavaScript, Go and Python • File Structure by Feature/V2/Language: https://github.com/algorand/docs https://github.com/algorand/docs/tree/master/examples • File Structure By Language/V2/Feature: Clone https://github.com/algorand-devrel/hackathon https://github.com/algorand- devrel/hackathon/tree/master/algorandsamples/v2 • Smart Contract DEX example https://github.com/algorand/smart-contracts 113
  • 70. Upcoming Developer Office Hours Every Other Tuesday April 6th, 14:00 UTC (9am EST) | New TEAL3 OpCodes enhance smart contract development. Recording available soon. April 20, UTC (9am EST) | NFT design considerations and best practices OFFICE HOURS sign up: https://www.algorand.com/developers
  • 71. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Resources ● Discord: https://discord.gg/YgPTCVk ● Developer Portal (Documentation and Tutorials): https://developer.algorand.org/ ● Forum: https://forum.algorand.org/ ● GitHub: https://github.com/algorand ● PowerPoint: https://bit.ly/3rTw4GE ● OFFICE HOURS sign up: https://www.algorand.com/developers ● YouTube: https://youtube.com/algorand
  • 72. Resources: Discord channel: https://discord.com/invite/YgPTCVk AlgoSigner Tutorial: https://developer.algorand.org/tutorials/adding-transaction-capabilities-dapp-using-algosigner/ VS Code Tutorials: https://developer.algorand.org/tutorials/vs-code-python/ https://developer.algorand.org/tutorials/vs-code-java/ https://developer.algorand.org/tutorials/vs-code-go/ https://developer.algorand.org/tutorials/vs-code-javascript/ https://developer.algorand.org/tutorials/vs-code-csharp/ See Community Tools Here: https://developer.algorand.org/docs/community/ Algorand Studio: https://github.com/ObsidianLabs/AlgorandStudio#algorand-studio AlgoDEA: https://algodea-docs.bloxbean.com/overview
  • 73. Resources (continued): Algorand Playground: https://algorand.rockx.com/ AlgoDesk.io https://algodesk.io/#/portal/home Sign up to developer office hours here: https://www.algorand.com/developers Algorand Builder Article: https://developer.algorand.org/articles/introducing-algorand-builder/ Rest API endpoints: https://developer.algorand.org/docs/reference/sdks/#algod-v2-and-indexer-rest-endpoints Rekeying: https://developer.algorand.org/docs/features/accounts/rekey/
  • 74. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Summary ○ Blockchain Use Cases ○ Algorand Blockchain Basics ○ Layer–1 Features ○ Developer Tools!
  • 75. Questions? ● PowerPoint: https://bit.ly/3rTw4GE Please fill out Feedback on session… http://bit.ly/3rhdlpf
  • 76. • Click to edit Master text styles • Second level • Third level • Fourth level • Fifth level Sign up Today! 121