Algorand ALGO Price Prediction 2021 – 2025 | Cryptocurrency ALGO Price Analysis | coin ALGO | ALGO news | ALGO token | ALGO crypto | ALGO coin
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Algorand is an OPEN-SOURCE BLOCKCHAIN NETWORK that consumes substantially less energy than the majority of its peers. The network is secure, fast, and multifunctional, being capable of hosting decentralized applications (DApps) and a wide array of different digital assets.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of jan 2021.
The blockchain founded by Silvio Mical ia professor of computer science achieves this thanks to its unique algorithm, called Pure Proof of Stake (PPoS).
Pure Proof of Stake (PPoS) is a protocol that enables Algorand to address the so-called Blockchain Trilemma, in which none of the three key elements of an ideal blockchain – SCALABILITY, SECURITY, AND DECENTRALIZATION – are compromised.
On top of that, PPoS is carbon neutral because it doesn’t rely on massive electricity consumption needs, unlike Proof of Work (PoW)
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