Algorand: Why it is a Blockchain to watch?
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NFT development platforms build a lot of traffic on the Ethereum network. The live flow in Defi protocols, dApps hosts more than 80% of such apps and platforms. The concern of crypto observers is Algorand, and its accompanying cryptocurrency Algo is one of the latest projects to catch.
The decentralized network built to solve the concurrent blockchain scalability trilemma of achieving speed, security, and decentralization is Algorands. It is a live open-source blockchain project and blockchain platform. Thus, it supports the creation of dApps and Defi on its secure and scalable network.
Algorand is an open-source permissionless blockchain network built by anyone. The demand of generation resulted in the launch of Algorand in 2019 by turning award-winning scientist and MIT professor Silvio Micali.
The Algorand point validator, and uses a Proof-of-Stake (PoS) consensus mechanism rewards. It is for all holders of its native ALGO cryptocurrency. The design uses a permissionless blockchain protocol. That is without any concern, that can complete quick transactions. Algorand also allows developers to transfer real tokens to the Algorand space. It also uses the Algorand Standard Asset (ASA) protocol to create new tokens.
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Moved from Bitcoin by
Ivan Ivanov