Cryptocurrency

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Is Algorand (ALGO) a Good Investment

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Algorand is a smart-contract-focused blockchain that seeks to provide a novel infrastructure to scale and create everything from decentralized apps to DeFi platforms. The platform's pure PoS consensus mechanism is a unique approach to a POS protocol that enables the networks to focus on speed, security, and decentralization simultaneously. This results in near-instant transaction completion with up to 1,000 transactions per second and transaction finalization in less than 5 seconds. More interesting than the tokenomics of ALGO, however, is how the coin ties into the network’s proprietary consensus mechanism. Holders of ALGO receive validator rewards as each holder with at least one ALGO can choose to participate in the consensus mechanism. Additionally, holders don't have to stake tokens to earn more and instead receive 4% to 6% APR just by holding their coins. As continued adoption of the Algorand platform increases across a variety of use cases, investors looking for a long-term investment vehicle backed by unique technology should look to ALGO as a potential investment.

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