What is Algorand ? | All about Algorand in short | Crypto Currency Algorand

What is Algorand?

Algorand is a decentralized, self-sustaining, blockchain-based network that supports a wide range of applications. These are the systems that are efficient, scalable, secure, and contain all the critical properties for effective application. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

When was Algorand invented ?

Algorand was founded by the Turing Award winner and MIT Professor, Silvio Micali in 2017. Silvio has been involved in cryptography since 1980s. Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as The of December 2020.

Importance of Algorand?

Algorand aims to build trusted infrastructure for the borderless economy with an inclusive and transparent system in which anyone can build prosperity, no matter where they are. The Algorand Foundation is a not-for-profit, community organisation focused on protocol governance, token dynamics and supporting grassroots, open-source development on the Algorand ecosystem.

Future of algorand?

According to ripple coin news, algorand is a long term bet, and long term prediction strategies are always much more better than the short term ones. And according to the Walletinvestor, and by the end of 2021, it will be exchanged at $2.302 and by the end of 2025 at $9.402.

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