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Can people please tell me why Algorand is such a good project?

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by COINS NEWS 228 Views

Oh my god, literally every post I click on in this subreddit mentions Algorand and how it's such a great project. But what makes it such a good project? I never hear anything about why it's so amazing, or at the very least more amazing than other cryptocurrencies.

"It's good for the environment!" This isn't a reason, more than 50% of crypto's use POS which makes them just as environmentally friendly as ALGO.

"It has automatic staking!" If the person who has bought cryptocurrency can't figure out how to stake ADA through Yoroi, or Matic through Metamask, they should probably not be investing in cryptocurrency.

"It has smart contracts" Again, even Cardano has smart contracts now, this is not a huge selling point that is making me excited for ALGO.

"It has cheap transactions." BCH has cheap transactions, Polygon has cheap transactions, XLM, AVAX, XRP, NANO, EOS, XDAI, CELO, SOL, all have cheap transactions.

And yes, most of these points can be attributed to 90% of cryptocurrencies, but they don't nearly have the amount of shilling that Algorand does on this subreddit.

Despite what I've said I can see that Algorand has a dedicated team behind it and an ecosystem that is starting to explode right now. So enlighten me on why it's so great, and if you convince me I'll put $10,000 into Algorand.

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