Earn Algorand Coins For Free
Algorand is a novel open blockchain protocol, and the first implementation of permissionless networks. Strategically designed by Silvio Macali, Algorand offers a novel perspective that shines light on the idea of decentralized exchange and poses an intentional challenge to people's deeply ingrained understanding. The widely accepted Scalability Trilemma states: Only two out of these three choices are possible for any cryptocurrency (or digital currency platform). Algorand is rejecting the compromise of only choosing two out of the three crucial elements (scalability, decentralization and security), Macali brought forth Algorand to become a disruptive force in crypto.
An enterprising dreamer and uncompromising determination to deal with the most basic problems, Algorand turned into one of the best-funded cryptocurrency projects. In 2018 and 2019, Algorand raised over $130 million in private and public ALGO sales. It soon emerged as a powerful force on the crypto scene. We'll take you through the fine points that make
Even through Algorand seems to be an attractive investment proposition, you can even get some $ALGO tokens completely for free. Read more in the article below.
What is Algorand?
Algorand, introduced in June 2019, reached a major milestone with its upgrade to version 2.0 and the addition of smart contract features this month. Unlike other cryptocurrencies with sluggish and expensive transactions, Algorand operates on the principle of executing all moves automatically through smart contracts. At the core of its mission lies a Proof-of-Stake consensus mechanism that deviates from mining based on Bitcoin and others. This innovation makes it possible for Algorand to handle more than 1,000 transactions per second without sacrificing security and decentralization.
The transparency is Algorand's attraction, like open-source software. As a beacon for developers and investors alike, its permissionless blockchain can easily accommodate small businesses, investors and corporate entities. The critical question arises: Is Algorand a safe bet? Algorand is the 20th largest digital blockchain asset at a market cap of US $11 billion. Its exceptional ability to combine decentralization, scalability and security puts it in a class of its own among cryptocurrencies. In addition, a booming economy of projects also makes this in itself an enticing prospect to hold onto as long as you can.
Algorand is available on multiple exchanges. Given its liquidity and credibility, there's a smaller chance of price manipulation here as well. When we consider all the elements that make Algorand attractive, then the possibility of getting developed cryptocurrency without having to actually spend an increasingly interesting one.
How to Get Free Algorand Coins
Barriers for entry Although acquiring Algorand is not prohibitively difficult at present, beginners will typically purchase them from popular exchanges like Binance and MXC or Bit Z. This method may be too pricey an option though, so currently the only available way to mine Algo directly requires a machine with powerful graphic (GPU) capabilities that can handle very complex operations.
Through performing a few easy steps such as subscribing for a newsletter and registering users become eligible for a share of free crypto rewards.This secure method not only provides access to Algorand tokens but also extends the option to receive other crypto coins for free.
