Can Algorand beat Ethereum?

In an interview on CNBC’s Halftime Report, the former White House director of communications said Algrorand’s fast transaction speeds and minimal carbon footprint not only make it a viable competitor to Ethereum but one that could be number one in the digital industry.

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Is algo a good coin?

WalletInvestor also has a positive Algorand price prediction. It sees the coin breaking the $1.50 mark in February 2023 and the $3 mark in March 2025. The site describes ALGO as an “awesome long-term (one-year) investment ”. DigitalCoinPrice projects an average value for the coin of $1.10 in April 2022.

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What type of coin is Algorand?

Algorand, Inc. Algorand is a pure proof of stake blockchain cryptocurrency protocol that is scalable by solving the blockchain trilemma with its consensus mechanism. The Algorand platform supports smart contracts, and its consensus algorithm is based on proof of stake and a Byzantine agreement protocol.

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