The Algorand Price Surged above $2.5000 to a new two-year high this morning, but the chance of a severe correction...
Algorand
Algorand is a blockchain protocol that aims to be highly scalable. It uses a Byzantine agreement protocol and a consensus algorithm derived from a proof-of-stake consensus mechanism. In addition, it distributes validator rewards to the holders of its native cryptocurrency.
What is Algorand?
The native cryptocurrency of Algorand is ALGO. It was launched in 2019 by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT).
Micali created Algorand as a network that focuses on payments, but unlike Bitcoin, it can handle more transactions 1200 (TPS). After the ongoing upgrade that adds “instant finality” to the Algorand network is complete, it will handle 3000 (TPS). Bitcoin can only handle under 5 TPS, and Ethereum can handle about 13 TPS. The feature helps Algorand achieve scalability, and that’s why some believe it’s an ’Ethereum killer’.
Algorand’s public version allows other developers to design new applications based on cryptocurrency. It has been previously used in copyright, real estate microfinance and more.
Is Algorand a good investment?
It has a remarkable ability to work across many blockchain networks. It has recently seen a rise in prices. This is a positive attribute that investors will consider when choosing to invest or not in the same. It’s also wise to note that cryptocurrencies are incredibly volatile, so do not invest money you cannot afford to lose.
Algorand latest news
The Algorand price started the week off by setting a new two-year high. However, since then, it’s been all downhill,...
The Algorand price has regained its mojo back. The ALGO token has rallied in the past two straight days and...
The Algorand price prediction is for sparse bullish momentum on the ALGO/USDT pair, even as cryptocurrencies struggle against headwinds generated...
The Algorand price remained under pressure as macro risks keep cryptocurrency traders at bay. The ALGO token price is trading...
The Algorand price recovered from last week’s selloff and is back in ‘up only’ mode, which could signal a new...
The Algorand Price bucked the trend yesterday, dropping 7% despite Bitcoin surging to $55k. ALGO is now 30% below the...
The Algorand price prediction shows that the ALGO/USDT pair has the potential to register some near-term gains if the bulls...
The Algorand price is corkscrewing in a tight descending triangle pattern, indicating the ALGO token will soon breakout in either...
The Algorand price slid 12% on Wednesday as a wave of selling swept across the crypto market after Bitcoin lost...