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By Will Canny, AI Boost|Edited by Stephen Alpher
Sep 29, 2025, 2:48 p.m.
- Algorand Foundation appointed former Ripple engineering lead Nikolaos Bougalis as CTO to steer its 2025 technical roadmap.
- Bougalis will prioritize decentralization, scalability, security, and enterprise adoption while coordinating with Algorand Technologies.
- Based in the U.S., he will help strengthen Algorand’s presence among enterprises and institutions seeking compliant blockchain infrastructure.
The Algorand Foundation has tapped Nikolaos Bougalis, a veteran cryptographer and former Ripple engineering lead, as its new chief technology officer, the company said in a press release Monday.
Bougalis, who spent nearly a decade guiding development of the open-source XRP Ledger, will lead Algorand’s engineering efforts and help advance its 2025 technical roadmap.
STORY CONTINUES BELOW
Algorand’s ALGO (ALGO) token was trading 2.6% higher over 24 hours alongside a generaly rally in crypto prices.
Algorand’s roadmap, unveiled in July, focuses on decentralization, Web3 adoption, enterprise use cases, and cutting-edge cryptography. Bougalis is expected to play a key role in aligning the foundation and Algorand Technologies around those goals.
“Nik brings a wealth of experience in distributed systems, cryptography, and blockchain, as well as a demonstrated ability to foster collaborative development communities,” Algorand Foundation CEO Staci Warden said in the release. “He will help us double down on decentralization, performance, and security.”
Bougalis will be based in the U.S. as the foundation seeks to expand its footprint among domestic enterprises and institutions looking for compliant, scalable blockchain infrastructure.
His background in security and cryptography is expected to strengthen Algorand’s work on privacy, quantum resistance and scalability.
Algorand, launched in 2019, aims to offer instant finality and low fees for builders creating projects in payments, identity, supply chain, and asset tokenization. The ecosystem now includes millions of users and a global network of developers using familiar programming languages like Python and TypeScript.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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By Francisco Rodrigues, AI Boost|Edited by Sheldon Reback
22 minutes ago
The purchase brings DL’s mining fleet to 5,195 machines, with a hashrate of 2.1 exahashes per second (EH/s).
What to know:
- DL Holdings bought $41.1 million of bitcoin mining equipment from Bitmain to be installed in Oman and Paraguay.
- The 2,995 Antminer S21 machines take the company’s total mining fleet to 5,195 rigs with a hashrate of 2.1 exahashes per second
- The company said it aims to become the biggest publicly listed bitcoin mining stock in Hong Kong within two years.
- DL plans to tokenize its mining operations and integrate AI optimization tools to increase efficiency and create accessible digital investment products, it said.
