About Algorand Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.
Read moreWhat type of crypto is Algorand?
“Algorand is a smart contract platform trying to solve the blockchain trilemma (scalability, decentralization, security) and help democratize finance,” says Boggiano. Bitcoin is the slowest in this department at just 5 TPS. The Ethereum network can do up to 13 TPS.16 Oca 2022
Read moreIs Algorand an Ethereum token?
Rising gas fees on Ethereum have led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions, with some turning to Algorand as an Ethereum-alternative for dApp development and DeFi applications .
Read moreIs Algorand a erc20 token?
The Algorand Standard Asset (ASA) is also similar to the ERC-20 token , since both of them allow smart contracts to be built.
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