Algorand: ALGO Price Potential? DEEP DIVE!! (Ep 249)
Coin Bureau
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Algarand Coins - The Block Chain Trilemma
The algarand mainnet went live in may tent 19 after raising over 120 million dollars across various v c funding rounds. Algarand uses a novel proof of stake consensus mechanism called pure proof of stake, which purports to solve the block chain trilemma of scale, ability, security and decentralization. The minimum stake for participation nodes is one algo, and the current staking reward is slightly north of five percent per year. This somewhat centralized set up allows algarand to process more than one thousand transactions per second,. And almost all i co part opted to get a refund on their algos in 20 19 and 20 20.
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