Algorand use cases

The major disadvantage of Algo or Algorand is its low level of adoption . There are many cryptocurrencies that offer the ability to build apps or financial products on top of them, and Algo is just one of them. Algo will likely get more valuable but only if more people use it.10 Ağu 2021

Algorand uses a pure proof-of-stake (PPoS) protocol built on Byzantine consensus . Each user’s influence on the choice of a new block is proportional to its stake (number of tokens) in the system. Users are randomly and secretly selected to propose blocks and vote on block proposals.

The Algorand blockchain offers immediate transaction finality, without the risk of forking or uncertainty, based on its unique consensus algorithm . Once created, each new block remains on the chain indefinitely, thus ensuring that all transactions in this blockchain remain final.