Review on Algorand by José A Rodríguez
Algorand: A Leader with Growing Goals Yet to Reach
Algorand is a project with a great root baked in the DeFi opportunities that are everyday more notable among the cryptocurrency market. Investing in these types of projects has been during a long time an option to think twice, but in my humble opinion they are great, and are having a even greater scope for investments. Even the financial market is growing up with practical and reliable steps. This company provides a set of well-defined options for the decentralized apps that conform the ecosystem, and are also bringing some effective solutions to manage them in a wide market.
Some things I dislike from this project are about the platform design, and the management it receives. I consider it has a great proposal for the future of Dapps and deFi projects, but it is still a platform with a simple design, and little graphic management. It has many good areas that require improvement. The company is actively working on it, but they give more attention to the latest news about their releases instead of entire development in the project. I think this is because the platform is still growing up. The team have not reached their goal, but they are working on it.
The project offers an open-source protocol that I recommend to be studied in depth to know how is going to be its real scope with the pass of the years. The protocol is equally managed with the support of the other products from the company including some of them that are managed by third-party agents. Just in this year, the company has reached anduncountable list of successful programs registered in their roadmap.
Probably, Algorand will be in the future a potent blockchain with great support to the different Dapps running freely in the market. Until know, I still recommend users to research about it, and even more for those who are really interested in this field that is a little bit more technological.
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Pros
- Great support given to Dapps and deFi projects running out there in the marketplace.
- It has had a clean roadmap with some goals reached throughout the 2020.
- It receives great support from the company to keep their community updated with the things they provide and promote.
- It is easy to joins the project and there are some good external links where users can keep in touch with the entire and global community.
Cons
- It is unavailable in some countries. The project is permited everywhere, but some investors do not know about it.
- The platform has a low design that should be improved with better tools. Technological support is required.
