Review on Algorand by Douglas Cachazo

Name: Algorand
Item: Algorand
Rating: 5

October 08, 2020

Algorand ALGO: Blockchain at the service of developing new applications

Young crypto project based in Boston and with its own ALGO coin launched in Jumio 2019, as well as others of a similar cut with its own blockchain aimed at having security, scalability and speed whose mission is the creation of dapp for finance, Fully decentralized education and research that can be developed on your blockchain and coexist with other undeveloped applications in your environment that want to migrate to it without affecting performance or security. And with the importance of being scalable, which is the big problem that afflicts centralized financial applications. Like other similar projects, it uses the Pos algorithm with which faster transactions are achieved and allow so-called ecological mining since it does not require powerful PCs with video cards that consume heavily electrical energy, medium-range PCs and faster mining can be used . Its most frequent use today is for tokenization of assets and issuance of third-party assets. Among its features is the new ASC1 smart contracts with which complex and efficient financial applications can be made Its motto of making the borderless economy a reality is not just a motto since any person or work team can generate decentralized applications and projects anywhere in the world. The current price of its coin is 0.291277, it reached its historical maximum of $ 3.28 during its launch in June 2019 and its minimum of 0.102403 March 2019. 
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Pros