What is Algorand? A Speedy, Scalable Platform for Dapps

Algorand gID 5 pID 5 lWNQ9I

Most modern blockchain-based networks attempt to achieve scalability, security, and decentralization in somewhat equal measure. However, few platforms today can be considered truly well-rounded, and most sacrifice on one or more of these fronts—whether that means forfeiting decentralization for additional scalability, scalability for security, or otherwise.
This blockchain trilemma remains a major sticking point for blockchains today—and a number of projects have tried to resolve it. Algorand, a prominent public blockchain platform, represents one of the more ambitious attempts.
What is Algorand?
Launched in 2019, Algorand is a novel blockchain platform used to create powerful decentralized applications (dapps) and financial primitives that will be used as the backbone of the economy of the future.
The platform is designed to address several of the key challenges facing other competing platforms today, namely: decentralization, scaling, and speed, by providing the infrastructure an

Czytaj więcej

Źródło: https://decrypt.co/68842/what-is-algorand-a-speedy-scalable-platform-for-dapps

Total
0
Shares
Dodaj komentarz

Podobne Wpisy