Algorand is designed to overcome the blockchain trilemma - security, decentralization, and scalability- all at once. It operates in a pure proof-of-stake (PPoS) consensus mechanism that processes transactions faster and promotes participation. Note: PPoS is a consensus algorithm whereby the probability of a participant creating a block is directly related to the number of tokens that they own.
What IMPRESSED me the MOST about Alogorand is the Protocol structure itself.
Algorand has a dual-layered blockchain design:
- Layer 1 ( ASC1s) executes simple basic smart contracts -Layer 2 is where more complex smart contracts and dApps are executed off-chain so that Layer 1 doesn't slow down by complex tasks.
These "smart" distributions of tasks boost the overall platform's performance.
This is very good news for the blockchain trilemma and for that deserves a 4 star review. Show Less
