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Nigeria, Imo
1 Level
64 Review
54 Karma

Review on Algorand by Enoch Ogbudu

Revainrating 4 out of 5

Algorand is a block chain based cryptocurrency.

Hi guys I would be talking today about Algorand. Algorand is a proof of stake that supports smart contract and its price is $0.953248 with a market cap of $5.41 bilion

It is a blockchain cryptocurrency platform that aims to be scalable,secured and fully decentralized.Algorand centers around building innovation that speeds up the relationship among decentralized and main stream organizations, by making cutting edge monetary items, conventions, and valuable exchange or trades



The Algorand vision is especially significant in the present market since it centers around the crypto circle and overcomes any barrier between the computerized and standard market. By giving a wide assortment of utilization cases for a more conventional road of money, Algorand attempts to associate institutional financial backers to the eventual fate of the world market: the advanced space.



While in the bull market, the Algorand token value activity has seen a decent vertical direction, however during the BTC adjustment the tokens haven't held just as others on this rundown, yet the splendid thought, the able group, and the strong essentials are still there, and we can see it effectively finding the finish of the bear market.Algorand native cryptocurrency is called Algo.

I highly recommend algo because it has high chances or potential for improvement because of its already laid down protocols or policies.

Pros
  • Algorand helps remove middlemen and intermediaries charges on their customers
  • Algorand charges low transaction fees
  • Users can earn passive income by participating in the Algorand network
Cons
  • I have no negative reviews

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