[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Kyren [@noBScrypto](/creator/twitter/noBScrypto) on x 41.2K followers Created: 2024-01-12 20:38:53 UTC The recent partnership between $HBAR & $ALGO is a wake up call for the general crypto space. Together they've formed the DeRec Alliance, which aims to develop a new interoperability recovery standard for recovery of digital assets. Hedera & Algorand have long been X of the top DLT networks when it comes to enterprise adoption. With names like IBM, Boeing, Google, American Red Cross, FIFA, Bank of Italy, CERN & more backing them, there is very little that stands in their way. While the concept of protecting your own keys & self custody have been one of the core aspects to crypto, The truth is that there'll need to be a recovery solution if we really want to see digital assets go to mainstream adoption. Especially in enterprises, where a lost seed phrase could spell billions in potential losses. With these X being arguably the X largest public enterprise blockchains, there have been years of competition between both ecosystems & communities. This partnership alone seems to have completely turned the competition into collaboration. This is the way forward for the industry! $HBAR & $ALGO are addressing the elephant in the room with breaking the traditional norm of fully self custodial keys. It goes against the traditional ethos of crypto, but it's exactly what's needed for the industry. This is a massive step forward for opening further collaboration in enterprise blockchains!  XXXXXX engagements  **Related Topics** [algo](/topic/algo) [hbar](/topic/hbar) [adoption](/topic/adoption) [networks](/topic/networks) [dlt](/topic/dlt) [coins interoperability](/topic/coins-interoperability) [$hbar](/topic/$hbar) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/noBScrypto/status/1745908227462639660)
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Kyren @noBScrypto on x 41.2K followers
Created: 2024-01-12 20:38:53 UTC
The recent partnership between $HBAR & $ALGO is a wake up call for the general crypto space.
Together they've formed the DeRec Alliance, which aims to develop a new interoperability recovery standard for recovery of digital assets.
Hedera & Algorand have long been X of the top DLT networks when it comes to enterprise adoption.
With names like IBM, Boeing, Google, American Red Cross, FIFA, Bank of Italy, CERN & more backing them, there is very little that stands in their way.
While the concept of protecting your own keys & self custody have been one of the core aspects to crypto,
The truth is that there'll need to be a recovery solution if we really want to see digital assets go to mainstream adoption.
Especially in enterprises, where a lost seed phrase could spell billions in potential losses.
With these X being arguably the X largest public enterprise blockchains, there have been years of competition between both ecosystems & communities.
This partnership alone seems to have completely turned the competition into collaboration.
This is the way forward for the industry!
$HBAR & $ALGO are addressing the elephant in the room with breaking the traditional norm of fully self custodial keys.
It goes against the traditional ethos of crypto, but it's exactly what's needed for the industry.
This is a massive step forward for opening further collaboration in enterprise blockchains!
XXXXXX engagements
Related Topics algo hbar adoption networks dlt coins interoperability $hbar coins layer 1