You may already be familiar with Bitcoin, Ethereum and other cryptocurrencies that are popular in the world. However, did you know that there are many other cryptocurrencies that also offer interesting technology and potential? One of them is Algorand (ALGO).
What is Algorant (ALGO)?
ALGO is a blockchain and crypto platform designed to function like a large payment processor. The Algorand blockchain platform uses a consensus mechanism called pure proof of stake.
ALGO, the native coin of the Algorand platform, is used to secure the platform and reward ecosystem managers.
Advantages of Algorand, algo
Algorand, algo has several advantages that differentiate it from other blockchain platforms, namely:
- Fast: Algorand can process 10,000 transactions per second, with a final settlement time of 3.3 seconds.
- Green: Algorand doesn't require much energy (only the equivalent of 7 homes), and its smart contracts purchase carbon credits to ensure its carbon footprint is zero2.
- Secure: Algorand uses pure proof of stake consensus with VRF (verifiable random function) technology that provides unmatched cryptographic security.
- Decentralized: Algorand has decentralized consensus and governance mechanisms.
How to Get ALGO
Algorand, algo can be obtained in several ways, namely:
Buying
You can buy Algorand, algo on several crypto exchanges, such as Coinbase, Binance, OKEx, Kraken, and Huobi.
Mine
You can mine Algorand, an algo by becoming a manager (validator) that helps secure the network. You only need to have at least 1 ALGO in your wallet to participate in pure proof of stake consensus.
Follow the program
You can take part in programs organized by the Algorand Foundation, such as award programs, accelerator programs, grant programs, and community programs.
Conclusion
Algorand, algo is an environmentally friendly, fast, secure and decentralized blockchain and crypto platform. Algorand offers solutions to challenges faced by traditional blockchains, such as scalability, efficiency, and sustainability.
Algorand also has a dynamic, inclusive and borderless ecosystem, powered by Algorand's innovative blockchain technology. If you are interested in knowing more about Algorand, algo, you can visit the official website or follow the latest news.
How To Buy Crypto From Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia and is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH ), Algorand (ALGO) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read also:
What Is Blockchain?
What is Blockchain 3.0? Blockchain Always More Up to Date
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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