Algorand (ALGOUSD)

[waldo77]

Projects For The 2022 Market: Algorand (ALGO), Stellar (XLM), and Parody Coin (PARO)
https://www.jpost.com/promocontent/projects-for-the-2022-market-algorand-algo-stellar-xlm-and-parody-coin-paro-708967

"...Algorand (ALGO) is a self-sustaining decentralized blockchain built to be secure, scalable, and efficient. The mainnet went live in 2019 and has been delivering on its promise of low costs, high scalability, and low latency.

The project had an ICO in 2019 where it raised money from its community using its ALGO token. The real-world applications of the blockchain are enormous as it guarantees to build new forms of trust during transactions.

With the ability to perform 1million transactions per day, it is apparent that the project is on the trajectory for success.

Algorand (ALGO) has built a bridge to the EVM making it fully compatible with the Ethereum (ETH) blockchain. In addition, it hopes to become a top layer in the DeFi ecosystem by attracting liquidity and allowing users to transact cheaply.

The blockchain runs a permissionless Proof of Stake which makes its transactions faster and cheaper when compared with most L1 (Layer One) blockchains.

As a blockchain dedicated to solving real-world problems, it is apparent that Algorand (ALGO) is a solid project that would survive the bear market...."