Here are the most important things you should know about the Algorand network.
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1. #Algorand is a #DeFi focused Layer 1 chain. It’s Turing complete, scalable, and secure. Users can easily use and port digital currencies and create smart contracts on Algorand.
2. #Algorand does not have any gas fees. Instead, Algorand has a fixed transaction fee, which is roughly 0.001 ALGO. The Algorand network is also extremely fast. It can handle around 1300 transactions per second.
3. #Algorand offers its unique Algorand Virtual Machine (AVM) technology. This allows developers to develop smart contracts with a variety of languages including Python and Javascript.
4. #Algorand is a proof of stake chain. More specifically, Algorand uses pure proof of stake (PPoS). PPoS makes Algorand and extremely secure and efficient network.
5. You can stake as little as 1 $ALGO and earn rewards. $ALGO tokens are used to pay for transaction fees and reward users who participate in the network's consensus process.
6. Transactions with $ALGO happen in less than four seconds, regardless of how many transactions occur simultaneously.
#Algorand allows devs to create new tokens or transfer existing tokens using the Algorand Standard Asset protocol (ASA).
Here are the most important things you should know about #AVAX, the blockchain that scales with subnets
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1. #Avalanche is a fast, scalable L1 that people can use to create applications, create #DeFi protocols, and launch their own chains through subnets.
2. #AVAX's capability of launching subnets and its innovative consensus method, make #Avalanche extremely fast and scalable. This is done while maintaining security and decentralization. This is how Avalanche solves the scalability trilemma.
A lot of people think $XRP and #Ripple are the same thing. Some say that $XRP is too centralized, and others think that $XRP is a banker’s coin. These statements are simple false. Let’s clear up the air around $XRP.
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2. First and foremost, what is $XRP? In 2011, three #Bitcoin developers, developing a blockchain technology that would not that pioneered a new consensus method that would not have the PoW limitations that #BTC does. This technology was called XRP Ledger ( #XRPL).
3. They built the XRPL based on the Federated Byzantine Agreement (FBA) consensus algorithm. XRPL is an open-source, permissionless, decentralized blockchain.
Here are the most important things you should know about $AZero, the privacy blockchain.
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1. $AZero aims to give users privacy while maintaining security, low cost, scalability, and speed. #AlephZero accomplishes this through a two prong approach: zero knowledge proofs and secure multi-party computation (sMPC).
2. A Zk-SNARK is a zero-knowledge proof protocol used in encryption. Verification occurs without revealing any information about the “prover.”
Here are the most important things you should know about Celestia, the modular blockchain.
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1. Celestia improves scalability by separating the 3 core functions of a blockchain. Celestia is a modular consensus and data network, built to enable anyone to easily deploy their own blockchain with minimal overhead.
2. #Celestia doesn’t have to execute every transaction that happens. Celestia just needs to make sure that the transaction data in the block is available. This is done through data availability sampling, which is incredibly scalable. It can be run on a phone.
Here’s your everything guide to the #Stellar network and $XLM. Stellar is a payment protocol based on the distributed ledger technology. It allows quick, cross-border transactions between any pair of currencies.
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2. The #Stellar network is a distributed ledger technology that facilitates financial transactions. Stellar was launched by the in 2014. Since then, it’s processed more than 2 billion operations made by over 6.5 million individual accounts on the Stellar network.
3. #Stellar allows users to create, send, and trade digital representations of currency. It’s a decentralized system that is great for trading every kind of currency, including #cryptocurrency and traditional fiat currency.