Review on Algorand by altınburak yağız
Algorand,A think tank that interests me.
Hello everyone Friends,
This week I will share with you my experiences about algorand.
I have known about the project for a long time, but after I decided to add it to my portfolio, I had a more intense knowledge.
First of all, he has a very solid think tank. Many economists and mathematicians are among this team. Its founder, silvia micali, is a mathematician and has a turing award.
There are two features in its technology that attract my attention. The first is the Atomic swap facility, that is, you can exchange your different coins quickly and easily and with low commission fees.
The second is the rekeying feature and as far as I know it is a work created by the first algorand. With this feature, you have the opportunity to change the private key of your wallet address.
It uses the teal system, which is a unique software language. Transaction times are in the range of 1-6 seconds since the note that will verify the next block in the Algorand network is randomly selected. This provides fast processing capacity. Already the name comes from this randomness.
It has a mobile wallet for iOS and Android phones. It has a wallet in web-based desktop and laptop desktop computers.
Algorand is very easy to buy and sell. It offers you this opportunity in many exchanges.
When you add your own e-mail address to their official website, they share all the news about algorand with you.
At the same time, they have the support of many institutional investors. This provides separate support for algorand against other projects in which they compete in their field.
Good luck to everyone...
Pros
- fast processing capacity.
- Low commission fees.
- Ability to make one to one change between different coins.
- High security.
- Too many institutional investors support it.
Cons
- Low transaction volume compared to its technology.
- Having competitors producing projects in the same area.
