What is Algorand? (ALGO)

Discover the ins and outs of the Algorand network and its native cryptocurrency token Algo. What does Pure Proof of Stake mean and how does it differ from Proof of Work? The Algorand blockchain has a multi-layer protocol and we’ll explain the details of each and what types of cryptocurrency transactions fit into each based on the complexity of smart contracts. This Algorand review will also highlight how to earn crypto rewards and participate in Algorand project governance.

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Information provided is for informational purposes only and should not be considered financial advice. Investing in crypto assets is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Past performance is not indicative of future results.

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  1. We all know there's a cat that loves lasagne. You know what I love? Money. GarfCoin is the next doge. Get in on this Garf Life before the dream takes off. We're gonna be Garfield millionaires. Garf Harder friends, invest in GarfCoin. Garf life babyyyy

  2. Ok so my question is, how do we know FOR SURE that the consensus mechanism is truly random? How do we know that Algorand foundation is not ‘randomly’ choosing who they want to add to the block. Is this process transparent? Is it public? Just curious.

  3. People need to know about algo. Only blockchain currently working with ISDA (international swaps and derivatives association). It’s also rumored that blackrock plans on investing in algorand. Stack it and stake it. Sit back and get paid.

  4. ALGO in the near term will probably cap between $2.00 and $2.25, but mid term, when we're closer to all 10B ALGO's being in circulation, I think it will crack $30 to $40. I doubt it will ever hit Ether or Bitcoin levels due to the volume, but I wouldn't be surprised if it hits $120 or $130 once all the ALGOs are in circulation.

  5. You need to help new people learn about how to actually buy and save crypto. I did download the Exodus wallet to my laptop but I have no idea how to even buy crypto. I been wanting to buy crypto for the past week but have not yet figured it out. I would rather just write my private key and public keys with pen and paper in a note pad and just store it in a safe deposit box. I do not even know what Exodus fees are? Is the wallet free?

  6. This is a great description. I think Algorand has high potential because of the proof-of-stake mechanism. The biggest drawback is there are too many Algo. But, overall I think the asset will appreciate in value over time.

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