Review on Algorand by Drew Adkins
Algorand will reach $33.50 per share by 2022
Algorand stands out amongst other blockchains through their active blockchain development. In late 2019 the Algorand Mainnet went live which brought new features, like Smart Contracts, Algorand Standard Assets, & Atomic Transfers.
Algorand is now close to taking steps in their blockchain development through incorporating the new and improved multi-chain technology.
Algorand has adopted its infrastructure from other various blockchain projects like Cosmos and Polkadot.
With the upcoming Algorand architecture, the company wants to implement this idea and many more. Algorand is linked to the public mainchain, allowing it interact with other projects and ultimately making them interoperable.
Without this ground breaking feature, all transactions within a co-chain are shielded from outsiders.
All of these chains are independent from each other, while operators choose the validators. Algorand’s True Proof of Stake consensus mechanism along with the new features revealed in Algorand 2.0.
Pros
- Algorand is the industry leading co-chain technology like cosmos and polkadot.
Cons
- Algorand has taken the blockchain ecosystem by storm!
