Algorand ALGO - Explained

ALGO is the only blockchain to have Pure proof of stake in it's base layer. This technology in the blockchains first base layer, makes the blockchain more secure, scalable and decentralized then proof of work or the standard proof of stake currently being implemented into ETH and the others. These transactions are extremely fast, (2.0 is on par with CC transactions) the fees are also negligible, and it's safer than any other Crypto blockchain currently on the market.

Here are some of the financial comparisons:

Algorand (ALGO)

• As of 18th Sept, 2021, $10.3B Market cap. Currently Circulating supply is 5.3B

• ALGO has a 6% yield earned in ALGO as you hold it so it continuously grows coins in the account over time. No extra steps needed to get this 6%+ APY

• Currently ranked number 18th by market cap- Blockchain 3.0 technology built in that prevents forks

• Pure proof of stake blockchain. The world's first.

-Finalizes blocks in seconds, so it's very fast.

• Secure transaction with the algorithm verifying transactions. Can't 51% attack this blockchain

• Highly customizable smart contracts

• Customizable tokens

• Atomic transfers secure contract's multiple parties built in

• The first stable coin was built on this ALGO.

• The world's first Sovereign Countries money coin was created on ALGO.

In June 2020, Chainalysis, the blockchain analysis company, announced a partnership with the Algorand Foundation, the stewards of Algorand, the world's first, permissionless, Proof of Stake blockchain, that offers an open, global platform for building products and services in a Borderless Economy. Once the integration is complete, the Algorand Foundation will use Chainalysis KYT (Know Your Transaction) for transaction monitoring and compliance processes and Chainalysis Reactor for enhanced due diligence and investigations for the ALGO, its native token. This partnership will help in for Anti Money Laundering compliance solution.

Disadvantages -

The major disadvantage of Algo or Algorand is its low level of adoption. There are many Cryptocurrencies that offer the ability to build apps or financial products on top of them, and Algo is just one of them.

Algo will likely get more valuable but only if more people use it. As for Algo as an investment, it is yet to hit the price it hit when it was initially sold raising, stoking questions about its viability or potential future gains. Like any cryptocurrency, Algo is at the mercy of Cryptocurrency Regulations, which are always liable to change.

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Algorand has been created to provide new technologies to the Crypto world. In coming years, it will be successful to do that.

This is not a financial Advice.

(This is a 6th repost because previous posts were deleted because there were too many posts about algorand in this sub in last 24 hours of posting each post. Hope it doesnt get deleted this time)