So, what is the idea behind Algorand? In short, they aim to achieve global trust among trustless parties through blockchain-based decentralization. So yeah, the platform prioritizes simple designs to eliminate barriers to prosperity.
Am I enthusiastic? Not really. Algorand is one of the newer projects seeking to expand the use cases for cryptocurrency by accelerating transaction speeds and reducing transaction settlement time on its network. Investors should rely on their future plans with dApps.
They are making good progress, but as I mentioned, they are among the many facing the biggest challenges in the blockchain technology space: solving the "Blockchain Trilemma" of Decentralization, Scalability, and Security. Show Less
