Algorand's speed is unparalleled

Silvio Micali, the founder of Alorand was recently explaining to the community some very interesting points. 

The Algorand blockchain is growing. There are currently over 500,000 transactions a day on Algorand. c09778efea37f0dddb6f69a2baaaecec6c3887ae74055967e6cf3d4b262305b6.png

Businesses are embracing Algo as there are more than 500 companies presently developing applications on Algorand. This is a much needed step in blockchain adoption especially for Algorand as this will generate more transactions for the network. 

One of Algorand's point if focus is increasing the blockchain's performance without sacrificing the one key thing that makes this technology unique, d-e-c-e-n-t-r-a-l-i-z-a-t-i-o-n.  Stability and decentralization stay at the forefront of Algorand's development.  Algorand's block proposal time us currently 0.05 seconds. This will continue even as the blockchain increases in size and the network grows.  As a regular Algorand user, one the most pleasant things is the speed of the transactions. The speed of these transactions are impressive by any measure. 

If you have ever made a transaction with any other cryptocurrency such as Bitcoin or Ethereum than you may be familiar with the occasional high fees and the right out slowness of the transaction being finalized. 

An asset's block finality is an interesting and valid point to think about as some transactions can be stuck in the mempool for hours somtimes up to a full day or more waiting for confirmation. Using Algorand for transactions not only makes sense but it saves time and money when needed most. Block finality will continue to be an issue for most projects as their network grows and the blockchain increases in height and difficulty. This may be ok if the assets don't need to be moved from point A to point B, but when time is sensitive other blockchains are just not reliable.a879d4ba4c777cff3e607b20eec6e8eb03dd7b50ee1482ff591fb921b2f29549.png 

Algorand has clear goals that revolve around sound fundamentals such as security, decentralization, performance and reliability. Things that matter to not only the users but developers as well.  Using Algorand for fast and secure transactions has become an increasing part in my trading routine while saving me time and money. 

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bobby d!gital
bobby d!gital

I'm a developer and love all kinds of technology

A cryptocurrency journey ongoing
A cryptocurrency journey ongoing

A journey ongoing. Lets explore projects with great potential, whitepapers, protocols and the emerging DeFi trends and maximize this new era in finance.

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