Algorand Explained – PPoS Algorithm, Unforkable and Fast blockchain





Let’s discuss the Algorand project, what they are trying to achieve and how they are planning to do it. We discuss their pure proof of stake consensus algorithm, why they think it’s better and why they are unforkable – things such as orphan blocks simply do not occur on Algorand.

http://algorand.foundation
http://auctions.algorand.foundation

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Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins.

Ivan on Tech by Ivan Liljeqvist

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10 replies
  1. MrMadnelsen
    MrMadnelsen says:

    Algorand seems to be interesting. Also auctions will not create as much fomo, which is good. It's kinda like EOS, since they were around 0,5-2$ the whole year, until it ended. Let's see what happens to Algorand.

    Btw(1):You didn't really explain PPoS, you just said that it is better, or did I miss it?

    Btw(2):Additionally something regarding the prevention of partitions.. Imagine there is trade war or what ever going on and China just says ok, you do this (XY w/e), we cut our connection to the Algorand Network, so you can't use it anymore because it has to wait for us. I see an issue there or did I miss something there as well?

    Reply
  2. Yuri Smolov
    Yuri Smolov says:

    thanks for dropping this impressive video, John McAfee's said the chart for Bitcoin will surely reach 1million USD before 2020. If said this is to happen, like his past predictions happened, IT will be very very unwise for you not to know how to Increase your BTC instead of Just Hodling. I lost 8Btc to Bitconnect in December-18-2018. and I was left with 2Btc, I started looking for ways to increase my Bitcoin, and get my loss back and make more profit. One day on Dailycoin Buzz channel YT, someone Recommended anybody that cares to listen to reach out to Mr Walter Arrav, who has made a great impact in teaching young crypto investors a reliable method to Increase their Bitcoins, Its just 2 weeks since I reached out to Him, I can Proudly boost of increasing my Portfolio from 2Btc to 7.5Btc Y'all can reach out to him for more reliable information. Mail (Waltertrading10@yahoo. com)

    Reply

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