Algorand or as typically referred to as algo is nothing but a decentralized, self-maintaining, blockchain-based total platform that is recognized to guide an extensive range of applications. In different words, algorand is a blockchain protocol as well as a cryptocurrency that focuses on being decentralized, scalable addition to comfy, all at the same time. Let us understand Algorand and ultimately understand how to buy Algorand in Canada.

1. WHAT IS ALGORAND?
HOW TO BUY ALGORAND
IN CANADA?

2. Algorand or as typically referred to as algo is nothing but a
decentralized, self-maintaining, blockchain-based total platform that is
recognized to guide an extensive range of applications. In different
words, algorand is a blockchain protocol as well as a cryptocurrency
that focuses on being decentralized, scalable addition to comfy, all at
the same time. Let us understand Algorand and ultimately
understand how to buy Algorand in Canada.

4. Earlier than we move any in addition, it is really worth noting that,
algorand turned into based with the aid of Silvio Micali, who’s a
professor of laptop science at the Massachusetts Institute of
technology. No longer just that, the mainnet of the platform became
around two years in the past, back in June 2019, and according to
reports, it’s been capable of handling nearly a million transactions per
day.

5. What is Algorand? (ALGO)
Algorand is one of many new projects that aim to expand possible
use cases for cryptocurrencies by increasing transaction speed and
reducing the time it takes for transactions to be considered final on its
network. Officially launched in 2019, Algorand seeks to achieve these
attributes through decisions that are different from the traditional way
of cryptocurrency design.

6. Most notably, Algorand distributes the ALGO cryptocurrency that it
introduces into its economy with each new block to all those who
hold a certain amount of coins in its wallet. Additionally, Algorand
allows users to create smart contracts (programmatic agreements for
building decentralized applications) and tokens that can represent
both new and existing assets.

7. Such features were successful in attracting a diversity of venture
investors to early private sales of ALGO conducted to fund the
development of the platform. Why does Algorand have value?
Algorand is a new public blockchain, meaning its technology, while
novel, has not yet seen much testing under real world market
conditions.

8. Users may find the ALGO cryptocurrency valuable should they believe
Algrorand`s technical specifics will make it likely to be the blockchain of
choice for developers who want to design and launch new kinds of
decentralized applications.
Investors may also see Algorand as a viable part of a cryptocurrency
portfolio should they believe that proof of stake blockchains, which lower
the cost of participating in a blockchain`s operation, will ultimately prove
more successful in the market.

9. Token Economy
The Algorand Foundation, the nonprofit organization overseeing and
funding development of the protocol, says that only 10 billion units
of its ALGO cryptocurrency will ever be created. Algorand maintains
a block explorer, which keeps an official count of its circulating
supply.

10. The Algorand Foundation has also published additional details about
how payouts work and the time in which users can expect to receive
new funds for their participation in the blockchain.

11. Check out Netcoins to add Algorand to your investment portfolio.
You can also find your answer to how do I buy cryptocurrency in
Canada, here at Netcoins.
SOURCE CREDIT:
https://medium.com/@bitcoinwalletcanada/what-is-algorand-
how-to-buy-algorand-in-canada-d27b4bf06409

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