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Algorand: What is ALGO’s Future Potential?? ๐Ÿ”ฎ



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– TIMESTAMPS –
0:00 Intro
1:55 What’s Algorand?
3:19 The Blockchain Trilemma
4:45 Present Consensus Protocols
7:45 Algorand Consensus
10:04 Algorand 2.0
12:33 Group & Buyers
14:07 ALGO Tokenomics
18:26 Worth Potential
20:40 Last Ideas

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โ›“๏ธ ๐Ÿ”— Helpful Hyperlinks ๐Ÿ”— โ›“๏ธ

โ–บ Algorand Web site:
โ–บ Algorand Protocol:
โ–บ ALGO Dynamics:
โ–บ ALGO Developer Sources:
โ–บ Algorand Neighborhood Web site:

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๐Ÿ“ What’s Algorand? ๐Ÿ“

It’s a scalable, safe and decentralized cryptocurrency and good contract platform.

The primary advantage of that is that Algorand’s expertise finalizes blocks in seconds and supplies instant transaction finality whereas stopping forks.

Moreover, Algorand presents highly-customizable good contracts, Asset Tokenization, and Atomic Transfers constructed instantly in Layer-1. They’re based mostly in Boston and it was based by a Turing award profitable MIT professor known as Silvio Micali.

๐Ÿ’ญ Blockchain Trilemma ๐Ÿ’ญ

That is the notion {that a} blockchain can’t scale in a decentralised and safe means. That is the tradeoff that many blockchains might discover themselves in as they’re typically tied collectively. Blockchains which can be presently struggling to scale like this embody the likes of Etheruem.

๐Ÿ“ˆ Algorand Consensus ๐Ÿ“ˆ

There are presently two various kinds of consensus mechanisms and these embody Proof of Work and Proof of Stake. They each have their very own distinctive challenges which signifies that it’s laborious to resolve the blockchain trilemma.

Proof of Work consensus mechanisms are centralised as there are massive mining farms with specialised tools which may management the community and therefore result in centralisation. dPoS is just not a great resolution both as because of this you must depend on these block producing nodes to push issues ahead.

Bonded proof of stake is just not ideally suited both as somebody who has some huge cash can simply accumulate nearly all of the tokens and use them with the intention to vote by means of their very own agenda on the community.

The Algorand consensus mechanism is named Pure Proof of Stake and it operates on this easy priniciple: It makes dishonest by a minority of the cash unimaginable and dishonest by the bulk silly.

It additionally differs with different mechanisms in that the cash doesn’t should be bonded for a selected time period. Cash is at all times in person’s wallets able to be spent and utilized in different methods on the community.

In Algorand, blocks are constructed into 2 phases by means of lotteries often called ‘cryptographic sortition’

๐Ÿ“„ Algorand Good Contracts ๐Ÿ“„

Algorand’s good contracts are built-in into Algorand’s layer 1 which signifies that they inherit the identical pace, scale, finality, and safety because the Algorand platform itself. Furthermore, they’re value efficient and error free.

There are a number of advantages that include the Algorand good contracts. It is vitality environment friendly, quick, it has instant transaction finality, it is easy to develop on (helps Java, Javascript, Python, Go) and naturally it is low-cost to ship on

It was additionally just lately introduced that USDC could be shifting away from the Etheruem blockchain to different options like Algorand. There are prone to be variety of different DeFi tasks which can be to observe go well with given the excessive charges and scaling points now we have on the Ethereum community.

๐Ÿ“ˆ ALGO Tokenomics ๐Ÿ“ˆ

The native token on the Algorand blockchain is their ALGO token. This can be a utility token and there are two important capabilities that I can see.

– Firstly, they can be utilized with the intention to stake and earn these ecosystem rewards
– and secondly, they can be utilized with the intention to pay for transaction charges and dApp computations.

There have been a complete of 10 billion tokens that had been minted within the Genesis block. Now, whereas that will look like loads, the circulating provide is loads much less. The circulating provide is barely about 1 billion.

Token gross sales are nonetheless ongoing which may imply excessive inflation onto the circulating provide. Present gross sales suggest a 15% inflation fee

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๐Ÿ“œ Disclaimer ๐Ÿ“œ

The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who is just not a licensed monetary advisor or registered funding advisor. Buying and selling Foreign exchange, cryptocurrencies and CFDs poses appreciable danger of loss. The speaker doesn’t assure any explicit final result.

#Algordan #ALGO #Defi #crypto #ethereum #scaling #blockchain #USDC

Source: Coin Bureau

36 Responses

  1. current state of tokenomics is flawed as it is patterned from stock exchanges directly proportional to supply and demand..well the true state of tokenomics should not be based on a zero sum game with stocks and its airy siblings and should be looked at its scalability characteristics..a 10BN coins minted upfront will go a long way through staking burning rewarding cycles that runs the whole ecosystem..other tokens that shows high valuations TODAY due to proportionally low/er supply doesnt really reflect the value of their technology and application potential while ensuring decentralization, scalability, and SECURITY to be able to have mass market appeal while being implemented with governance

  2. transaction costs should be proportional to the value of the asset for it to be considered fair and inclusive..an individual who is paying monthly fees or payment from loans like $10 cannot be charged the same than a rich guy who execute a smart contract to acquire NFT or any other asset like a property and pay the same low fee of 0.001 algo

  3. ironically everything has its own loophole whereas a richly corrupt group out to make a one time heist can use a dummy server sacrificing their loads of token in exchange to acquire a high value asset by injecting a bug within the ecosystem to approve to their consensus of taking that high value asset at a discounted price or in exchange of a dummy currency

  4. Algo can explode. Problem is, its having a hard time breaking away from typical market movement and developing its own (upward moving) trend. If it does that just once, we'll see some action. Remember how filecoin did when all the other coins were tanking….

  5. I don't see the supply or distribution as an issue, rather a blessing. Allows me to bag as much as possible at a cheap price. I'm waiting for the bear market to load up, so I can earn 6% interest on my fiat rather than leaving it in a bank earning 0.05%. ALGO will be the only Alt that I will hold all my coins through this cycle and then load up on more during bear cycle. I will dump 60-70% of all my other Alt bags this year.

  6. Thanks, relay great video. Personally I really do not care about the inflation it is the opposite, I see it as opportunity which secure the value and do not put people live in risk, I really do not have any worry when I put all my money in Algo because I know that they will not be lost.

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