What is advantages of using only Algorand blockchain?

General
1

What are the advantages of using Algorand’s own store chain (blockchain) compared to others? As a trust wallet and blockchain?

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  • 4,4 sec block creation time
  • no forks
  • high transaction throughput (allegedly around 1000 tx/sec, 80 million tx/day)
  • designed by Silvio Micali & al => robust, secure
  • native support of your asset (e.g. a new coin, or a piece of property)
  • programable, smart contracts can be used

And it also has:

  • web wallet
  • Android wallet

Transaction cost is minimal, 0.001 Algo, i.e. 0,00035 USD

1 Like
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@Maugli thank you for the news

4

I think that the econonomic finality below 5 seconds, so much low transaction fees that the use case of micropayments is possible, smart contracts support and basically untilimitted throughput are the main reasons why one should pick algo for its projects…

  • even if price would go like 100 times higher, the micro payments are possible
  • with 1.3 mil tx currently per day (approx 16 transactions per second) there is still huge reserve