Algorand (ALGO) is a permissionless payments-focused Layer1 blockchain that is designed to help the creation of advanced decentralized applications along with complex financial primitives.
Read moreWhat kind of token is Algorand?
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.
Read moreWhat is the difference between ERC20 and Algorand?
These are also known as Algorand Standard Assets (ASA), and function in a somewhat similar fashion as ERC20 tokens do on the Ethereum blockchain. One major difference, however, is that you first manually have to give your consent to receiving a certain token . This is also called “Opt-in”.15 Eyl 2020
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