Is Algorand a DeFi?

Algorand is the most powerful, decentralized blockchain platform available to DeFi innovators today . Its unique combination of global scalability, high performance and ironclad cryptographic security makes it a platform that DeFi developers can confidently look to build on today, tomorrow and long into the future.

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What runs on Algorand?

AVM runs on every node in the Algorand blockchain and contains a stack engine that executes smart contracts and smart signatures, enabling developers to easily take advantage of powerful functionality by writing smart contracts in either Python or Reach, a simple javascript-like language.

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Why is Algorand the best?

Algorand is a good investment in 2022, due to its superior technology, a large ecosystem of partners and wast number of use cases . However, it’s not better than Bitcoin or Ethereum. Therefore, cryptocurrency investors should consider investing their capital in Ethereum or Bitcoin before investing in Algorand.

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