Algorand Investment Report | Deep Dive
Review Date: September 15, 2021
Project Overview:
Built as a blockchain protocol and cryptocurrency that aims to empower people by giving them access to borderless, decentralized financial services, Algorand’s novel pure proof-of-stake mechanism provides users with a network that achieves consensus securely and efficiently. In addition to giving developers the tools to create and deploy their own cryptocurrencies, NFTS, securities, and stablecoins, Algorand’s proprietary technology enables a set of high-perform- ing Layer-1 blockchains that provide security, scalability, transaction finality, privacy, sidechains, and advanced smart contract
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