Algorand (ALGO) News, Price Predictions, Opinions and Analyses Created by Users

Algorand (ALGO)

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Algorand is a project that is building an upgraded version of the Proof-of-Stake (PoS) protocol . Intended to be a blockchain payments platform that is technically more sound, the project was founded in 2017 by Silvio Micali, an MIT professor and cryptographer. The token’s crowdsale in 2019 raised $60 million, selling out in 4 hours. 

Boldly calling itself “the future Proof of Stake Blockchain”, Algorand is working on solving three problems plaguing the cryptocurrency market: decentralization, scale and security. The aforementioned PoS protocol is at the heart of the team’s approach, which the team says finalizes blocks in seconds and offers transaction performance on the same level as large scale payment networks.

On the technological front, the main features of the Algorand platform are its cryptographic sortition, its network level security features and all of the benefits that come from its transaction. The cryptographic sortition chooses a different set of users for every round of block selection and to protect the network. Users are randomly selected for participation in the consensus protocol. Furthermore, when a block is proposed, and the block is certified if a majority users decide in favor of the proposal. 

The team also says that “an adversary is never able to convince two honest users to accept two different blocks for the same round.”  

Algorand’s consensus algorithm is still being developed and improved, and the team has several other features lined up for 2019 and going into 2020. Algorand’s Vault is a blockchain compression technology that lets users join the network without downloading a large amount of data. Another interesting feature is Pixel, a digital signature scheme that reduces space requirements for PoS systems. Atomic swaps and self-validating transactions are also on the agenda.  

Algorand and Chainlink Prices Have Performed Better Than Others On Coinbase Pro

11 Aug 2020 1 minute read 0 comments Joniernst

Over the last few months the entire cryptomarket has recuperated significantly. Bitcoin nearly doubled from a low of roughly $6,000 per token to nearly $12,000 per token (it even broke the 12k barrier for a while!). Ethereum too has nearly doubled fr...

Overdraft smart contract using pyteal

6 Aug 2020 11 minute read 1 comment Ddev

  Smart contract hosting is a one of the great features of Algorand technology potentials of which many developers are yet to uncover. If you have written code and deploy on Ethereum network a using solidity, you would attest to the intricacies invo...

Algorand: A Collaboration History

5 Aug 2020 8 minute read 2 comments SXNXW

Algorand entered the blockchain space in the year 2017 when Ethereum entirely dominated the arena. Though it was not just another name like the others, by 2020, Algorand’s acquired over 18 collaborations and 34 use cases – a great achievement within...

Star Wars TIE/IN ALGO Technical Analysis ⚡

3 Aug 2020 1 minute read 1 comment EisbarTraume

Hi, I made an ALGO chart a few days ago and I noticed the Polygon Formation is very similar to a Star Wars Tie Interceptor ☺I always use Gann box first and then I added the Polygon Formation sticker available on GoCharting traced with the line tool....

What is Algorand (ALGO)? How it works?

2 Aug 2020 1 minute read 0 comments PrisonedBus9641

  Algorand (ALGO) is a cryptocurrency network focused on payments and smart contracts that has a solid foundation in scientific research. Supported by an educated and experienced team, Algorand has received many investments from some important entiti...

Gaming, Chains, Blocks and Algorand

29 Jul 2020 12 minute read 5 comments Andrzej_0xa0

In this article I review the the subject of application of blockchain technology into the field of gaming. Where are we heading? is blockchain and tokenisation a natural choice for the next wave of innovations coming into gaming? I explore big trends...

Atomic Transfers On Algorand Blockchain Protocol

29 Jul 2020 4 minute read 3 comments xqanxxx

Today, we perform most of our business transactions through the nearest financial institutions. These institutions have all of a sudden become an integral part of our day to day financial activities. Stakeholders of all kinds rely on these intuition...

Algorand is ready to disturb the blockchain gaming industry

27 Jul 2020 4 minute read 2 comments shadowofsatoshi

Many of you already heard of Algorand being one of the new smart contract platforms using their Pure Proof of Stake consensus mechanism. But probably not many of you know it to detail and how it can disrupt the gaming industry, right? I will try to d...

How Exploring The Blockchain And Its Uses Can Revamp The Financial Sector: Decentralized/Hybrid Financing: Central Bank Digital Currency Could Be A Lasting Solution To Inter-bank/Settlement Payment : A Delve Into Algorand Ecosystem.

19 Jul 2020 10 minute read 2 comments Ddev

  Introduction According to punching, the Nigerian Interbank Settlement System - NIBSS highlighted a significant setback to achieving efficiency in the electronic payment system such as the POS. Issue spotted was left at the prolonged transaction ti...

ALGO Spikes 30% as Coinbase Surprise Lists It!

18 Jul 2020 1 minute read 0 comments LinkStar

US based web wallet service provider and Exchanger, Coinbase, has announced on 16th July’2020 a surprise listing of a new coin Algorand (ALGO) with trading opened up on the Exchange! Algorand is a PPoS (Pure Proof of Stake) Blockchain protocol found...