ALGORAND is gonna be BIG

I am happy to see this amazing project is starting to get some real traction. But I would consider it still early and massively underpriced when thinking how big this is could turn out to be. I am not gonna go into much technical details of Silvios creation. Just browse through their official website, their papers or detailed articles.

But considering:

• its PPoS makes it fast (roughly 4sec finality) with tps planned to go from 1k to up to 46k

• cheap (small fraction of a cent for a transaction)

• unforkable and secure (1000 validators are chosen at random to confirm blocks)

• green (barely energy needed and carbon offsetting)

  • already somewhat decentralized, with actively working to increase it and also novel governance vote (for eg token distribution) with high rewards

• a very slick and simple to use offical algo wallet

• Defi building up with yieldly, tinyman and algofi coming up

• Bahamas and El Salvador already using Algorand tech

• Miami and Mayor Suarez going big with Algo (Decipher Event), committed part of his salary to receive in Algo

• Even Vitalik praising Algo and Silvio

• Fundings like 1,5 bill Hivemind fund committing to algo as first partner, Arrington Capital, Borderless capital announcing new 500mio fund and skybridge announcing to build with unblox 5 new market places

• algo pushing to be a place for creators, institutions and financial inclusion it will be massive in a few years continuing to innovate with state proofs for bridging, working on vaults etc

This is not investment advice, but I besides BTC and ETH there is nothing i feel so good about besides Algo. And I am glad to be early and looking forward to a growing community of Algonauts, growing attention in social media, growing ecosystem and more technical innovation to come! Ciao ragazzi!