Algorand Blockchain

Algorand (ALGO) is both a digital currency and blockchain platform. The Algorand platform is designed to process many transactions quickly. ALGOs consensus mechanism is the permissionless and proprietary PURE PROOF-OF-STAKE™. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks.

Algorands main features

  1. Speed: An Algo can be sent to anyone’s wallet, in under 4.5 seconds. No waiting and wondering if your payment has gone through, no checking back minutes or hours later - you have almost instant confirmation your payment has been made.

  2. Scale: the Algorand blockchain is built for many billions of users. This means that, no matter how many Algo users there are, your payment will still occur in under 4.5 seconds. No slowing down, no confusion - instant confirmation.

  3. Trustworthy: the Algorand blockchain has been built in such a way that it is guaranteed not to fork. In blockchains, forking is a problem that can occur when a blockchain splits into more than 1 chain. When this happens, there can be a risk of knowing if your payment has been successful. With Algorand there can be no forks ever - so you can trust that your Algo are exactly where they are supposed to be, at all times.

  4. Transparent: the total amount of Algo was created at the launch of the Algorand blockchain. This occurred on June 19th, 2019, and 10Bn Algo was created. At any time, anybody can check the public Algorand blockchain to see how many Algo are in use.

  5. Secure: while the Algorand blockchain is transparent in many ways, it uses the most advanced cryptography (unbreakable digital codes) to ensure that all the personal and private information in your Algo payment remains that way.

To learn more about Algorand click here.

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