Algorand (ALGO) Review
Algorand is a scalable, secure, and decentralized digital currency and transactions platform.
Founded by Turing award winner and MIT professor Silvio Micali, Algorand is a permissionless pure proof-of-stake blockchain protocol. Unlike first-generation consensus mechanisms, Algorand's technology finalizes blocks in seconds and provides immediate transaction finality while preventing forks. Algorand does also not reward validators with newly minted tokens.
With a primary focus on developers and their needs, Algorand's node repository has been open-sourced and is publicly available. Algorand provides a robust set of developer tools, DApp analytics through a partnership with Flipside Crypto, and has a number of partners building on their blockchain, including OTOY, Syncsort, TOP Networks, Asset Block and more.
- Maximum Supply (# or Uncapped): 10,000,000,000
- Genesis Block / Distribution Date: June 11, 2019
- Consensus Mechanism (Precise): Permissionless, Pure Proof of Stake
- Emission Type (Precise): Fixed supply with Pre-minted rewards
- Block Time (Seconds): Sub 5 seconds
More RWA than many bigger tokens. Awesome partnerships. Staking rewards are great. One of my favorite tokens overall.
Soo fast! Native python is huge!! It’s so easy/fun to develop on. It also has native typescript.
It works perfectly. The experience is so smooth compared to other chains. Lots of great stuff happening on chain. The community is amazing.
Used to have it but sold recently.
