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Algorand Has Settled 8.5 Million Transactions In The Last 7 Days

Algorand has settled 8.5 Million transactions in the last 7 days, with an average of 1.2 M per day. Since 2019 it has produced a block every 4.4s without interruption w/ transaction costs of $.0005. FIFA, Universal Music Group, and Nigeria are all building on ALGO. It’s good to be an Algonaut.

Algorand Has Settled 8.5 Million Transactions In The Last 7 Days

Other cool stuff about Algorand Tech:

Algorand has amazing developer resources and documentation. You can program dApps on ALGO in any of these languages: Python, PyTEAL, Java, JavaScript, Go, Reach

Additionally, ALGO is launching elegant and innovative “state proofs” that will allow for trustless interoperability between blockchains. Most don’t realize how HUGE these state proofs are:

The Big Picture

Algorand Has Settled 8.5 Million Transactions In The Last 7 Days

Algorand State Proofs fortify cross-chain applications with Post-Quantum security. By using advanced cryptography, ASPs can withstand attacks by powerful quantum computers that try to alter the reported state of the blockchain, providing a robust, portable source of truth about on-chain data.

From trustless bridges that move assets across blockchains to decentralized oracles that export valuable on-chain data, people will be able to leverage ALGO’s fast, cheap, and reliable protocol in new ecosystems without trust in an intermediary–they only need to trust the security of the underlying blockchain itself.

Other big announcements:

To me Algorand is the most reliable way to transact value with others. Cheap, Global, Instant, Secure. Large corporations and countries are realizing this and jumping on board.

In the 2 years I’ve been using it, it has never once been delayed or down. Every time I press send, the transaction is complete in 4.4 seconds almost like magic.

According  Cryptocurrency Discussion : https://bit.ly/3NORxvU

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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