Review on Algorand by Fanuel PORPORTY
Algorand is a project that has rocketed onto the scene and into the top 100. There has been intense interest in the project across the crypto community.
Algorand is a blockchain platform that is aiming to create a borderless economy through its decentralized, permissionless public blockchain. In other words, Algorand wants a blockchain ecosystem that allows everyone to participate and succeed. The platform is being built with the core principles of simplicity, instant transactions, direct usage and adoption, and performance. Algorand is also taking on one of the biggest challenges in blockchain technology. That is how to build a platform that is both fast and scalable, without sacrificing decentralization.
Pros
- Transactions are fast, instant, and secure
- Blockchain is very scalable
- Algorand has created mobile wallets for both Android and iOS devices, and Coinomi also supports ALGO tokens, so you could use that for a desktop wallet.
Cons
- Algorand faces competitors offering fast, scalable, secure blockchain and offering secure transactions
