The Algorand price is rising for the first day since Thursday last week as cryptocurrency bounces back. The ALGO price...
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 has largely ignored the recent euphoria and still struggling below $1.00. But will ALGO soon catch up...
Our analysis suggests that Algorand price could surge by more than 100% if it reclaims a key level. In the...
The Algorand price has reached a crucial support level that will decide the immediate fate of the ALGO token. Like...
The Algorand price is showing some encouraging signs. A raft of bullish news could be the bullish kicker that sends...
If the falling wedge on the daily chart plays out as expected, Algorand price prediction patterns in the coming weeks...
The crypto market has staged a modest recovery in the last two days, which has helped stave off additional Algorand...
Our Algorand price prediction suggests that a huge upside is on the cards if bulls bring their A-game to the...
Algorand (ALGO) price prediction is not looking good for the near term. The price is currently trading at its historic...
Algorand price has dropped by 13 per cent in the last three days. In today’s trading session, the cryptocurrency is...