Why I chose $ALGO

Why I chose $ALGO

By ETHNomad | TheETHNomad's Blog | 12 Jul 2022


     I recently made the decision not long ago to convert my entire ADA balance into ALGO. My main reason for doing so was because it was difficult to become a verified NFT artist using the cardano blockchain. I also found that while it was much cheaper than using ETH it was still costly to create a large NFT collection. When I went to look for alternatives $ALGO caught my attention the most & after doing some DD the switch was a no brainer. 

     Algorand is a open source, decentralized blockchain network created by Silvio Micali. Algorand leverages a two tiered structure & unique variation of PoS consensus mechanism to increase transaction speeds. Algorand is much more energy efficient than most cryptocurrencies which makes it sustainable & environmentally friendly. Algorand also employs randomness to solve the blockchain trilemma. Validators are selected randomly from all token holders. The network uses an algorithm that automatically picks the next group of nodes that become eligible to add blocks. Algo may be the fastest, most secure, eco friendly & decentralized blockchain on the market. There will only EVER be 10billion ALGO in existence & its dirt cheap during this bear market.

    Next article I will start explaining my experiences with different dapps that I've used in the Algorand ecosystem. Have a good night & I hope you found this quick read interesting 😊 

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ETHNomad
ETHNomad

Contemporary Artist creating unique PFP NFT collections on the ETH Blockchain. Here to share my experiences and talk about my interests ✌


TheETHNomad's Blog
TheETHNomad's Blog

This blog is dedicated to my work as an artist, my cryptocurrency investing, and my own personal thoughts, opinions, & experiences. In short, expect a bit of everything 💨😎✌️

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