Review on Algorand by A Gravely
Algorand: Proof of Stake Underdog
I'm a big fan of Algorand so far. I'd initially heard about it via Coinbase Earn, and was delighted to find a growing community of enthusiasts.
Transactions take less than 5 seconds and the fees are ridiculously low (<1-2 cents). The AlgorandNFT community is blossoming as well, it's incredibly easy and cheap for anyone to mint their own NFT on Algorand, so I've been having fun in the subreddit!
They've got a rockstar founding team with a very bright future. Everyone is searching for the next Proof of Stake crypto and this has got to be my favorite project. It started only in 2019 so it's exciting to be here for the early stages of it. Looking forward to seeing where it goes!
Pros
- Fast transactions
- Scalable
- Proof of Stake (Efficient)
- Almost negligible transaction fees
- 6% interest earned automatically
- Carbon Negative
Cons
- DEXs still in the works
- Some early-stage coins built on Algorand aren't out yet/hard to find
- Algorand USDTa and USDCa not supported in as many places
