Algorand


Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more, complex, blockchain solutions.

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by COINS NEWS - 1 year ago

The Algorand network is moving toward full decentralization with P2P gossip network without relay node requirement + concensus incentivization + algokit 2.0 to with full support for native Python to build smart-contract

I posted this since I think this might be interested to the cryptocurrency community. The Algorand network is fast moving toward its full decentralization vision with the introduction of a major upgrade in its concensus protocol with Peer-to-Peer gos...

by COINS NEWS - 2 years ago

Important Algorand news and updates

I know that many people are disappointed with Algorand and some openly hate the project. However, most people see only the price. Not the constant upgrading and improvement, the partnerships, the security and the speed. I am copying and pasting this...

by COINS NEWS - 2 years ago

Algorand - my perspective on future outlook

I have always trusted the balanced approach the r/cc community takes to various projects, and I feel this story needs to be told. I want to give you my 2 cents about Algorand (yes, the token which has gone -95% from its ATHs) and take you on the jour...