🤝 Hedera (HBAR) and Algorand (ALGO) Foundation, along with other key players in the ecosystem, have joined forces to create the DeRec Alliance and initiate the development of a decentralized recovery system for digital assets, as reported by Cointelegraph. 🤖🔐 #DeRecAlliance 🌐🚀

The DeRec Alliance is a new initiative by Hedera and Algorand to improve the security and recovery of digital assets. It uses an open-source protocol called DeRec that relies on secret sharing among helpers, who can be friends or businesses.

#DeRecAlliance #hedera #ALGORAND