Tag: Algorand

Exchange of value has never been this easy. Algorand is among the first crypto projects to integrate DeFi protocols with the traditional financial modules. The platform plans to introduce revolutionary financial products that could improve the basic economic modules in the Fintech industry. And, the Pure Proof of Stake mechanism is at the center of the project. In its very acclaimed blockchain, Algorand is a project touted to kill Ethereum. As the title suggests, the platform has numerous unrealized potentials, game-changer…

Today, there are over 8k crypto-assets listed in Coincheck, and the numbers are increasing every year. Unfortunately, some of those assets perform poorly in the markets, and others are even considered failed projects. Out of those, there are Defi coins, stablecoin, and cryptos, each with unique functions. Coins/cryptos are the most common assets in the cryptocurrency space, and their reliability often depends on the services their host blockchain provides. Others like Bitcoin, Ethereum, and Binance coins have very high values…

A new report from crypto exchange Coinbase reveals that Ethereum still maintains a significant advantage over its rivals. The report took a close look at the smart contracts market and made comparisons between Ethereum and other competitors in the space. First Mover Advantage The report begins by stating that Ethereum domination over the smart contracts sector is similar to that of Bitcoin in the crypto space. Like Bitcoin, this dominance is due to the first-mover advantage that each project had…

Algorand foundation has launched the Algorand Asia Accelerator program for blockchain startups. The program is for startups that want to develop finance 3.0 platforms and products. The blockchain foundation revealed in a blog post that 10 startups would take part in the pilot phase. The 12-week accelerator program runs from October 19 until January 2021. A unique initiative to support blockchain startups The Asia Accelerator scheme is an initiative that offers blockchain startups $15,000 in seed funding. Algorand also supports selected…

In the past week, Algorand prices have been plummeting, leading to severe losses to Algo holders. Unfortunately, this episode is part of a series of price plummets that have struck them. In just the first three months of its inception, Algo price fell from $3.28 to $0.37 (at the time of writing), taking a hit of a 88% price reduction. [caption id="attachment_15626" align="aligncenter" width="1874"] Source: Coingecko[/caption] Why did Algo's price plummet? Many crypto enthusiasts made speculations on the reasons for…