/biz/ - Business & Finance

This sounds like an interesting company. What do they sell?

>>52751723
Imagine if the MIT professor who invented zero knowledge proofs and verifiable random functions decided to completely rework the concept of a decentralized smart contract blockchain. That professor is Silvio Micali and that blockchain is Algorand. Pure Proof of Stake is non-dilutive and actually allows for all nodes to get a chance at participating in consensus without concentrating the supply of ALGO into the hands of a few whales. Smart contracts time out and pay for storage by locking up ALGO so gas is unnecessary, fees are a formality to prevent spam. all transactions are final the instant that their block is confirmed, and blocks consistently confirm every 4-5 seconds, with a long series of upgrades on the development pipeline. It is a statistical impossibility for Algorand to fork. Once the currently slow and gradual release of ALGO ends around 2030, Algorand Standard Assets (ASAs) will actually make ALGO deflationary since 1) in order for a wallet to interact with any ASA, it must “opt-in” to it with a transaction, and 2) for each ASA a wallet is opted in to, that wallet must hold 0.1 ALGO. While that metric can be changed through governance, it can only go as low as 1 microALGO (0.000001 ALGO). With serious financial institutions, novel blockchain applications, and a growing base of passionate developers gravitating towards the speed, security, and functionality of Algorand, ALGO is an absolutely necessary DCA for this bear market. We can and will go lower, but $100 by 2030 is more than reasonable.

>>52751757
Ah, so it's a scam. Good to know.

>>52751723
Blockchain that's thee Ethereum killer. Blows Cardano out of the water. Imagine having gas fees lmao. ALGO gas fees just make sure you aren't wasteful with how you utilize it.