
Will ALGO Hit $0.4 Soon?
Algorand is a decentralized, open-source blockchain platform that uses smart contracts to enable the development of various dApps on the network. It is powered by a native cryptocurrency called ALGO, which is used to facilitate transactions on the platform and can be earned by participating in the governance of the blockchain through holding or staking ALGO tokens. Algorand uses a unique consensus mechanism called pure proof of stake (PPoS) that combines a Byzantine agreement protocol with “algorithmic randomness” to select validators and verifiers for the network, resulting in fast, efficient, and sustainable transactions at low costs. The platform aims to