Algorand (ALGO)

471 Articles 37 Followers

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.  


Speculation of Fact: Folks Finance

10 hours ago 1 minute read 0 comments NotCleverAtAll

With the recent rebranding of the Folks Finance logo, rumors and speculations have arisen in all social media platforms. What does it mean? What are they planning? Is this about their token? But I don’t care for this type of speculation. I just know...

Use xALGO on Trader Joe to earn some massive rewards

29 Feb 2024 2 minute read 0 comments Nokuaru

xALGO is a liquid staking version of ALGO that generates yield and accrues value from Algorand Governance rewards. In other words, its value continuously increases compared to the price of ALGO. Folks Finance recently introduced xALGO on Avalanche, a...

Embracing the Future of DeFi: Cross-Chain Algo Liquid Governance with Folks Finance

27 Feb 2024 2 minute read 0 comments Walerva

  In the evolving landscape of decentralized finance (DeFi), the ability to operate across multiple blockchains, known as cross-chain functionality, is becoming increasingly important. This capability enhances liquidity, accessibility, and the overal...

Farming Algo and Rewards in the Folks Finance Ecosystem

26 Feb 2024 3 minute read 0 comments Rone

Algorand Defi and the Foundation Rewards DeFi (Decentralised Finance) offers early blockchain users the prospect of high returns. While it has had a slow start, DeFi on Algorand is now booming. The ease of use and the great tech specs of the Algorand...

Navigating the DeFi Waters: A Dive into Folks Finance

25 Feb 2024 2 minute read 0 comments Caprone

The world of Decentralized Finance (DeFi) can feel like a vast ocean, brimming with opportunities and risks. With countless protocols vying for your attention, choosing the right one can be daunting. Today, we'll dive into Folks Finance, a non-custod...

Unlocking Liquidity: Navigating the Landscape of Folks Finance, Avalanche, and advanced clAMMs - Part I

18 Feb 2024 2 minute read 0 comments 1337Dude

Thanks to Folks Finance's cross-chain capabilities and collaboration with Avalanche, I finally had the opportunity to learn how the Liquidity Book works. With boosted rewards from Folks Finance and BENQi, it was a no-brainer to test. The significant...

Deep dive into interest rates of Folks Finance of Algorand

17 Feb 2024 2 minute read 0 comments ShaperOfEntropy

Folks Finance is a decentralized lending-borrowing platform built on Algorand blockchain. It boasts the largest total value locked (TVL) in the Algorand ecosystem. The protocol enables users to borrow cryptocurrencies from a pool of funds that were d...

Earn Algo Rewards During A Governance Period

14 Feb 2024 2 minute read 0 comments Algo Cleanup

In a previous post, I discussed my Algorand Governance Period 10 strategy. Building on top of the previous strategy discussed in the video below, this strategy helps you earn additional rewards now that Algorand's Governance Period 10 has started. S...

Enhancing the Algorand Ecosystem: The Power of Cross-Chain Capabilities through Folks Finance

11 Feb 2024 2 minute read 0 comments Lateralus

In the rapidly evolving landscape of blockchain technology, interoperability has become a central focus for platforms seeking to expand their utility and reach. Algorand, known for its high-performance blockchain protocol, has been at the forefront o...

xALGO — an experience

4 Feb 2024 2 minute read 0 comments NotCleverAtAll

So now that we’re one month into governance 10 on Algorand, recall that in my previous piece, I had indicated that I place a small percentage of my holdings into Folks Finance $xALGO program through both $BNB and $AVAX blockchains. For the purposes o...