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.  


Why I like trading ALGO and ATOM

19 hours ago 3 minute read 0 comments SBenbow

I can't deny that I'm having fun dipping my toes into Crypto. I still have a lot to learn though.  My first foray as a newbie into trading has been fun (and currently profitable - a few pounds on £30 starting capital). I use a combination of a bot,...

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11 Apr 2021 1 minute read 2 comments NolaCardBoard

  Hello Everyone!   As I look through exchanges and ponder what to invest in next, I often take the time to look into who is developing the technology, what there future vision is for it, and what lead them to their new passion.  I'm sure I'm not the...

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11 Apr 2021 1 minute read 3 comments NolaCardBoard

  Hello Folks!   I don't see a lot of talk about Algorand these days. I am a big believer in this Project! If your into Hodling for the long term and accumulating steady growth staking $ALGO in MyAlgo wallet is the way to go!   HOW DO I STAKE ALGO?  ...

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5 Apr 2021 2 minute read 4 comments Pubrehgn3

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5 Apr 2021 4 minute read 0 comments StealthEX

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When it comes to Blockchain simplification, Algorand enters the game

2 Apr 2021 1 minute read 6 comments MikeZillo

It is just from two days ago and SIAE entered a partnership with Algorand. Siae is an Italian copyright management company with more than 130 years of experience. And Siae decided to go for ALgorand. How could this happen? Algorand is a light, fast a...

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2 Apr 2021 1 minute read 1 comment SBenbow

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Staking ALGORAND with COINBASE! | Week 9,10,11

28 Mar 2021 1 minute read 2 comments Kimster

Hi this is my next post. Create COINBASE wallet with this link  https://www.coinbase.com/join/kristi_g1 What is STAKING? Check this link: https://academy.binance.com/en/articles/what-is-staking I start stake 4.1.2021 with Coinbase and i stake 86,3938...

SIAE launched 4 million NFTs on Algorand

26 Mar 2021 1 minute read 0 comments renangeographia

Huge news about NFT's on Algorand!   @SIAE_Official, one of the largest rights management companies, launched 4 Million+ #NFTs on Algorand to create new economic models & end-to-end rights protection for 100k creators.   A visionary use case for NFTs...

Passive income by staking coins- Ada & Algorand

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