![]() ![]() The future of money rails? One of the biggest ideas out there is that Algorand could help bring traditional finance to decentralized finance, Murugan said. Decentralization is highly technical, but it's important for the security of the network to ensure authority over any network doesn't fall to one person or become concentrated within a group of people. By contrast, in order to participate on Ethereum, participants would need to lock some of their tokens into the network. ![]() Anyone with one algo can participate in consensus, which is the way blocks of data are selected and written to the blockchain. ![]() There really are no other choices at the moment." Decentralization is one of the biggest ways Algorand stands apart from other high performance blockchains, according to Arul Murugan, founder and managing partner at Borderless Capital, a big investor in startups building on Algorand. "Historically they have been built on Ethereum, but Algorand is really the only other blockchain outside of Ethereum that can support securities, and the technology that Algorand uses is far superior to Ethereum. "Security are definitely leaning that way," said Steven McClurg, chief investment officer of Valkyrie Investments, which has an Algorand Trust. This can work in some cases on the Ethereum blockchain, but it would be slower and more expensive to send. The mechanism used to represent these assets is called the Algorand Standard Asset. That means you can list any other asset besides algo – including cryptocurrencies, stablecoins, loyalty or gaming points, store credits, real estate, and other single, unique assets – on the Algorand blockchain and take advantage of its speed and lower cost. Algorand is also a multi-asset blockchain. Not only can Algorand handle tens of thousands of transactions per second, they say those transactions achieve finality, meaning they're considered complete and irreversible, within four seconds. How is Algorand different from competitors? Fans of the blockchain say it's faster and more decentralized than alternatives. And at $1.73 as of Saturday night, it's a much cheaper opportunity for anyone wanting to make a bet on the future of a blockchain ecosystem. Like Solana and Cardano, Algorand is another Ethereum-alternative. That's why algo, the native token of the Algorand blockchain, has surged more than 60% in the past 30 days and 490% for the last 12 months, according to CoinGecko. As popularity and usage in these various things increases, so does the need for a host platform to provide a faster and cheaper experience. Think tokens that facilitate decentralized finance, NFTs, blockchain-based games like Axie Infinity. One of the biggest crypto themes of the year has been the rising popularity of other types of digital assets that are usually built on Ethereum. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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