>What’s Algorand user? Algorand is permission less, Pure Proof-of-Stake (PoS) protocol with open participation, scalability, security and transaction finality.
>How is this different from other coins? 1. Team consists of actual PhD’s, and giga-chads from MiT. The company is run by Silvio Micali, an MiT professor who has been awarded the Turing Award in computer science. That’s the equivalent of winning a Nobel Laurette. 2. Algo has successfully solved the three main problems faced by blockchain today, also known as the blockchain trilemma: security, scalability, and decentralization. Most blockchains always solve 2/3, but algo has done the unthinkable thanks to their big brain leaders. This is due to Algo’s consensus algorithm, Pure PoS, which we will get into later. 3. Actual non-meme institutions are looking at Algorand as an opportunity to leverage digital assets within their business. This is due to their ability to commit to over 1,000 TPS, with low fees. Oh you’re paying 40 bucks on a tx that takes 2 minutes to go through, and might fail? Well with Algo it’s easy, quick, and most importantly, cheap.
>Alright, let’s talk about the tech? Alright biz, I know you’re glossing over this one, but it’s important to note just how sick Pure PoS is. At a very high level, in Algorand, a new block is constructed in two phases. • In the first phase, a single token is randomly selected, and its owner is the user who proposes the next block. • In the second phase, 1000 tokens are selected among all tokens currently in the system. The owners of these 1000 tokens are selected to be part of a phase-2 ‘committee,’ which approves the block proposed by the first user.
>Who are some of the companies Algorand is currently working with? Archax: an FCA Regulated Exchange to Build New Wave of Digital Securities on Algorand Circle: Bringing USDC onto the Algorand Blockchain Tether:Tto leverage Algo 2.0 ASA Technology to launch stablecoin on Algo IBMR.io Southeast Asia: Plans to establish microfinance platform on Algo 2.0 World Chess: Plans to do a Hybrid IP on Algo and the London Stock Exchange ISDA (International Swaps and Derivatives Association): Using Algo to develop advanced financial Assets on the Blockchain Blockchain Gaming Alliance (BCG): Partners with Algo as Algo is selected to store chess ratings for FIDE Online Arena. Verady: To offer easy accounting for Algorand token holders. No more figuring out how much you owe to the IRS. Done for you. Wall Street Blockchain Alliance: Welcomed Algorand as new corporate member. Using their tech to promote blockchain tech into global markets.
>Okay, but are there any cons? Yes user. While the technology and team are light years ahead of most, they have had an awful token distribution. Currently they have a 200 million staking bounty program, in which 50 million tokens are brought into circulation every 6 months for 2 years (September 1st was the 2nd batch). However, this is a long-term coin with good outlook. People are gonna FUD token distribution, but it’s a small blimp for what is to come. >Where can I buy? Most institutions recognize Algo’s future, which is why you can buy at: Coinbase or Coinbase Pro Binance Kraken Bitfinex OKEx Bittrex Bithumb KuCoin BitMax And pretty much any other exchange.
Jeremiah Morris
Why should I buy this
Nathaniel Rogers
Also coinbase staking for Algo when?
Bentley Kelly
A well informed member of Zig Forums? And they're selling ALGO to us? Could ALGO be the actual ETH killer. Of course it could. Buy now before it's too late.
Jackson Nguyen
>what is Algorand? A bunch of desperate bagholders hoping the thousands they threw into this shit will ever result in a profit but knowing it never ever will
Jaxon Young
why would you give coinbase a cut of your staking rewards when literally all you have to do to stake is move the coins to your wallet? are you retarded?
Dylan Jackson
>MOMMY I BOUGHT IT WHEN IT WAS .75 AFTER IT WAS GETTING SHILLED ON Zig Forums AND I LOST $300 ON IT. NOW I'M UPSET AND MAKE IT A POINT TO FUD IT IN EVERY THREAD I SEE ABOUT IT. T.(You)
