CoinDesk: Algorand and New Founding Members of DeRec Alliance Featured in Protocol Village

CoinDesk reported that Cardano and Hedera joined the Decentralized Recovery Alliance alongside founding members Algorand and Ripple to shape the future of crypto security standards. Algorand's CTO John Woods said:

Web3 and crypto promised to decentralize and make accessible the systems that matter most. That power comes with a significant responsibility to safeguard your private keys. Web3 has fallen short in delivering a great UX for securing and recovering key material. We co-founded the DeRec Alliance as part of our mission to improve the UX for the entire ecosystem, from regular users to developers, delivering a better, more accessible, and more secure experience for all. Streamlined key recovery is vital, as is further decentralization of other important infrastructures.

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