When you dabble in the crypto arts, you'll learn pretty quick that Bitcoin gave us Proof of Work (PoW) and Ethereum gave us Proof of Stake (PoS). Both of these methods were revolutionary for blockchain, but as crypto gains more popularity, more projects will begin to emerge with their own validation methods.

For instance, the smart contracts platform, Algorand, uses a Pure Proof of Stake (PPoS) model. PPoS offers a more secure system as all votes on the chain are proportional to the individual's staked Algo. Assuming a user wouldn't self sabotage their own assets, it is an apparent deterrent for bad actors. As a layer 1 blockchain solution, Algorand hopes to offer the scalability, speed, and cost reductions necessary for dApp development to thrive under real life use cases. 

Algo reached it's all time high on 6/21/2019 with a price of $3.28 USD. It reached it's all time low on 3/13/2020 with a price of $0.1024 USD. As of 5/30/2022, Algo is trading at a price of $0.4123 USD. If you would like to learn some more about Algorand, check out their website and white paper. Make it official and follow their Twitter, Discord, and Reddit! 

Thanks for reading!