Review on Algorand by Huseyn Akberov

Algorand, which has a trading capacity of 1,000 transactions per second and does not compromise its decentralized, secure structure, is meticulously researched by investors who want or do invest in cryptocurrency.

What is Algorand and When Did It Come Out?

Algorand is a virtual currency that has multiple trading pairs through the Binance cryptocurrency exchange. Binance, one of the largest cryptocurrency exchanges in the world, has another important feature that attracts cripto money investors.

The biggest difference of the Algorand cripto currency from other blockchain projects is known to be scalability and fast block time. Algo Coin infrastructure, which provides many products and conveniences for developers, has also been signed partnerships with leading companies. In recent years, Algorand has partnered with institutions such as OTOY, Syncsort, Flipside Crypto and TOP Networks.

Launched in June 2019, Algorand is similar to Ethereum with smart contracting, i.e. agreements coded to create decentralized financial applications. it is a secure and scalable cryptocurrency project with no centrality, as well as a blockchain network.

With a processing capacity of 1,000 transactions per second, it is decentralized and can compete through global and traditional payment networks without compromising its secure structure. Algorand diverges from its competitors due to the programming behind it, especially due to its processing speed and low transaction fees.

Submissions from one account on Algorand to another account take place in as little as 4 seconds, while low-fee transactions sometimes await approval for days due to high transaction fees in Ethereum cryptocurrency. Algorand is an alternative to decentralized financial transactions with improved processing time as well as low transaction fees.

What Does ALGO Mean?

ALGO is a Spanish word and its Turkish equivalent means "something". ALGO also comes across as an acronym created by the use of two syllables of the word Algorand. It is the type of currency that is introduced as a crypto bar unit.

How to Buy Cryptocurrency Algorand Coin? I will say MY METHOD AND YOU DO NOT HAVE TO DO WITH IT, BUT IT IS A SIMPLE WAY.

Although ALGO coin binance has many trading pairs, the most used duo Bitcoin and tether. To buy ALGO Coin with usdt trading pair via Binance, you can follow the steps as follows:

- In order to buy ALGO Coins, it is necessary to first throw tl balance on the stock exchange or to make a cryptocurrency purchase that can be used instead.

- For this purpose, the binance homepage should be logged in first and clicked on the "Credit /Debit Card" tab via the "Buy Crypto" option at the top left.

- You need to mark Tether, i.e. USDT, in the Coin section by selecting how much money you want to trade on the tab that opens after clicking.

- After making the USDT purchase, you should preview the "Buy-Sell" option at the top left and click on the "Classic" tab.

- In the section that opens, you must select the USDT tab at the top right and select the ALGO/USDT pair that opens in the lower section after algo is typed in the search button.

-Afterwards, you need to enter the amount of cryptocurrency you want to receive by coming to the "ALGO AL" tab in the middle.

- After entering the amount of cryptocurrency you want, you can complete the ALGO import process by confirming the transaction you have made.

Below I place the logo, the entrance of official website and the price chart pictures.