ALGORAND BLOCKCHAIN

in hive-183397 •  last year 

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Tokenization and the way that the world is moving towards, this could be the very blockchain that or one of a few blockchains that will be responsible for tokenizing assets. Not just that in terms of a use case but providing a whole financial framework around these tokenized assets like the lending and borrowing markets and also intrinsic crypto specific problems and use cases that need to be solved. We have seen Algorand do exceptionally well and Algorand is a better Ethereum in my opinion. It is EVM compatible, you have a block time of 3.5 seconds and you have the current activity at 8 transactions per second.

Algorand currently process the same amount of transactions as Visa and on a testnet have done significantly more than that. It is exceptionally cheap to use Algorand at 0.001 cent per transaction. This is a blockchain that I think in regards to price is suffering from potentially lack of community and interest. But if people only realize what Algorand was and what it was capable of, it is one of the most far ahead sufficient brilliant layer ones that there is in the entire crypto space in regards to its capabilities. Not only that, one of them one reason that I was very interested in um algorand was because of Sylvia.


Silvio is a touring award-winning, MIT professor who specializes in cryptography. This is the guy that you would want to run a blockchain project and to be the founder of. We know that Algorand has recently been mentioned in the SEC lawsuit. Algorand tick many boxes in terms of compliance, they have some amazing Partnerships like the bank of Italy who are running bonds on top of Algorand. They are extremely well positioned, and they were recently at a payments. I think Algorand is one of the chosen blockchains and ultimately, I think it's going to do exceptionally well. State proofs are something that's very interested. This could be the answer to interoperability, Sylvia McCarley working his magic. Silvio has developed Zk's, many of the things that are common practice in the crypto space.


Algorand is absolutely a blockchain that you should not be sleeping on. I think in regards to Price, It's suffering from a lack of interest and a lack of buyers. I do think the tides will turn for Algorand eventually. Algorand is the blockchain that is currently at new lows of this current market. Argorand hasn't exited a bear market yet, whereas we think a lot of other cryptocurrencies have. Ultimately, I think Algorand will do very well eventually.

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I love the information you share @titilayo1, you are good at cryptocurrency topics and this is great... Keep it up 👍👍

I know something about blockchain. But from this post I know Algorand Blockchain. It is very interesting and informative post.