PureStake’s New Open Source Extension Paves the Way for DeFi Applications Built on Algorand
Please note that this is a PureStake announcement.
August 27th, 2020 – PureStake, a leader in secure and reliable blockchain infrastructure, announced today the availability of AlgoSigner in the Chrome Web Store. As an open-source browser plug-in, AlgoSigner provides a secure way for holders of the Algo token to interact with dApps without granting them control of their keys.
As a browser extension, AlgoSigner opens the door for developers to build DeFi applications on Algorand by providing a secure way to add transaction capabilities. This enables developers to initiate transactions and accept Algos seamlessly, without jeopardizing the security of their users’ secrets.
For an application like Monerium, a provider of licensed e-money for Algorand, AlgoSigner would enable individuals to send and sign e-money transactions without leaving their Chrome browser.
“Today’s launch of AlgoSigner is great news for the Algorand ecosystem,” said Sean Lee, Chief Executive Officer at Algorand Foundation. “We are delighted to have supported PureStake through the Algorand Foundation Grants program and excited to see what innovative applications the growing Algorand developer community can now create.”
The development of AlgoSigner was funded by the Algorand Foundation in April 2020 as part of the Grants Program. Projects can apply to receive grant funding from the Foundation on their website: https://algorand.foundation/grants-program.
For end users, AlgoSigner also makes it easy to use Algorand-based applications on the web. Simply create or import your Algo account, visit a compatible dApp, and approve or deny transactions — all from within your browser.
DApp users can trust AlgoSigner to:
- Securely store and encrypt account secrets
- Authorize transactions without giving dApps direct access to their keys
- Sign and approve transactions when using dApps
"Accessibility is critical in the widespread adoption of Algorand and cryptocurrency as a whole," says Derek Yoo, CEO at PureStake. "We are pleased to have been able to work with the Algorand Foundation to create AlgoSigner, and we’re looking forward to seeing the dApps that emerge to take advantage of the fast and scalable transaction capabilities that Algorand provides."
AlgoSigner currently supports both Algorand TestNet and MainNet.
To protect our users’ privacy and security, AlgoSigner has undergone a security audit by NCC Group in August 2020. Any findings have been addressed prior to release. We thank NCC’s Cryptography Services group for auditing the code.
About PureStake
PureStake’s team has extensive experience building technology companies and complex software platforms. Led by Derek Yoo, former Fuze Founder and CTO, PureStake provides protocol implementation services and creates developer tools for next-generation blockchain networks.
