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Algorand appoints former Ripple leader as CTO, leading the roadmap for 2025
The Algorand Foundation has appointed Nikolaos Bougalis, former technical leader of Ripple and cryptography expert, as Chief Technology Officer (CTO) to lead the technical roadmap for 2025. Bougalis, who has nearly a decade of experience in developing the XRP Ledger, will focus on decentralization, scalability, security, and enterprise applications, while closely collaborating with Algorand Technologies.
Based in the US, he will help expand Algorand's presence in businesses and organizations that require compliant blockchain infrastructure. Following this news, the ALGO token recorded a 2.6% increase in the past 24 hours.