Thread by @AltCryptoGems

#Algorand self-proclaims itself to be the world's most powerful and sustainable blockchain.

Let's see if that's true or not. @Algorand

This project review as well as other reviews & free crypto guides can be read more clearly on my website:
altcryptotalk.com/crypto-guides/

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2- @Algorand is a Proof-of-Stake (PoS) blockchain that was founded by Silvio Micali in 2017, who developed the whole protocol from scratch, focusing on decentralisation making $ALGO one of the time-tested #cryptocurrencies in this space.

3- #Algorand is designed to combine the powers of both traditional and decentralised finance by focusing on the #blockchains' three largest problems: security, speed and decentralisation!

4- The #Algorand network focuses on decentralised finance like many other major chains but on being a green blockchain. Algorand is said to be carbon-negative, as it purchases more carbon credits than offsets carbon emissions!

5- In Q3 of 2022, the @Algorand blockchain received an incredible upgrade that now allows the network to achieve up to 6,000 transactions per second (TPS) and has a minuscule transactional fee of $0.0002, which proves that #Algorand is designed to be extremely scalable!

6- @Algorand is a direct competitor to #Ethereum, as it allows other blockchains and cryptocurrencies to be hosted on its network, similar to @Ethereum and its EVM compatibility amongst other major chains like #Fantom or #Polygon.

7- Instead, they use their own similar but improved technology, the #Algorand Virtual Machine (AVM) which is said to be faster, cheaper and more secure than the #Ethereum Virtual Machine (EVM).

Algorand is actually the first #blockchain that finalises transactions immediately!

8- As the network is permissionless and uses the Proof-of-Stake (PoS) consensus mechanism, it allows users to participate and stake $ALGO in governing the entire #blockchain and receive staking rewards for doing so.

9- #Algorand uses consensus-level security, the Byzantine agreement protocol which is designed to combat malicious users trying to corrupt the network. For every change or upgrade the #blockchain makes, #Algorand always uses a consensus approach.

10- #Algorand has an ever-growing ecosystem, which is home to over 500 dApps like #Metaverses, #NFTs, decentralised exchanges, investment funds and so much more! Even #Limewire is on the Algorand network, which if you were born in the 90s or before, you would know who they are...

11- The network has just under 30 million wallet addresses connected and averages around 150k transactions per day! Looking at #Algorand's statistics, the growth of their blockchain is increasing rapidly as more users and developers discover their full potential...

12- If you're looking to get started on your #Algorand journey, you will need to use the @PeraAlgoWallet and you can buy $ALGO tokens on #ByBit, which we currently have some amazing promotions - partner.bybit.com/b/AltCryptoGems

13- At the time of writing, the $ALGO token is sitting at a price of $0.1678 with a market cap of $1.2 billion. #ALGO has seen an ATH of over $3 when the market cap reached just under $13B. $ALGO has the power to exceed its previous ATH, it's just a matter of time...

14- #Algorand Links

Algorand Twitter - @Algorand
Algorand Foundation Twitter - @AlgoFoundation
Algorand Website - Algorand.com

15- That's it for now, thanks for reading!

Hope you guys enjoyed it and learned something!

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#NFA #DYOR