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r/CryptoMoonShotsSee Post

Tezos is having another HEN moment

r/CryptoCurrencySee Post

The Tezos blockchain completes its fourth forkless protocol upgrade of the year

r/CryptoMoonShotsSee Post

Created for the Holiday Season | XmasTazo $XTZ | Buy Christmas Mystery Boxes and Gifts for Your Loved Ones this year with XTZ | Nft Specials | 2% Burned Buybacks | 2k micro mc

r/CryptoMoonShotsSee Post

Created for the Holiday Season | XmasTazo $XTZ | Buy Christmas Mystery Boxes and Gifts for Your Loved Ones this year with XTZ | Nft Specials | 2% Burned Buybacks | Low mc

r/CryptoMoonShotsSee Post

Xmas Tazo | $XTZ | Created for the Holiday Season | Purchase Christmas Mystery Boxes and Gifts for Your Loved Ones with XTZ | Nft Specials | 2% Burned Buybacks | Dyor on us, Loveyou!

r/CryptoMoonShotsSee Post

Xmas Tazo | $XTZ | Created for the Holiday Season | Purchase Christmas Mystery Boxes and Gifts for Your Loved Ones with XTZ | Nft Specials | 1% Trade tax | 2% Burned Buyback

r/CryptoCurrencySee Post

Coinbase has Raised Fees on Locked Staking Assets

r/CryptoCurrencySee Post

Art on Tezos being bridged over to ETH and burned XTZ…?

r/CryptoCurrencySee Post

My portfolio: a DCA strategy for the lazy hodler

r/CryptoCurrencySee Post

Smartlink Launch The World’s First Web3 Marketplace For Real-world Transactions Utilizing Decentralized Escrow

r/CryptoCurrencySee Post

If You Could Only Buy 1 Alt, What Would it Be? (Birthday Present Advice)

r/CryptoMarketsSee Post

Tezos integration with GetBlock for Web3 Development

r/CryptoCurrencySee Post

How to get your Tezos (XTZ) off coinbase and into a secure Tezos wallet

r/CryptoCurrencySee Post

Tired of coinbase

r/CryptoCurrencySee Post

Explaining hardware wallets

r/CryptoCurrencySee Post

Alright let’s hear it and don’t hold back.

r/CryptoCurrencySee Post

"Sygnum Bank expands bank-grade staking with Cardano (ADA)"

r/CryptoMarketsSee Post

Tezos is on the brink of a breakout on the weekly, $1.93 is a go.

r/CryptoCurrencySee Post

Bull Run Confirmed 🚩🐂

r/CryptoCurrencySee Post

Bitcoin Cash sponsors Gordon Ryan for 100k at ADCC

r/CryptoCurrencySee Post

Opinions on Tezos (XTZ) now that it seems to have found its bottom at $1.70?

r/CryptoCurrencySee Post

What is the safest way to generate and use a seed phrase without an hardware wallet?

r/CryptoCurrencySee Post

What happens with your crypto if a software wallet provider "Ruggs" you?

r/CryptoCurrencySee Post

Everyday DCA too much?

r/CryptoCurrencySee Post

Does anyone think ATOM and/or XTZ have a future as alts?

r/CryptoMarketsSee Post

Bearmarket victims??

r/SatoshiStreetBetsSee Post

Top 5 cryptocurrencies to watch this week: BTC, FTT, XTZ, KCS, HNT

r/CryptoMarketsSee Post

Bitcoin and Ethereum Still Consolidate, LINK, HNT, and XTZ Outperform

r/CryptoCurrencySee Post

Tezos-powered App LYZI To Enable Beaugrenelle Shopping Center With 110 Stores to Accept Crypto Including XTZ And EURL

r/CryptoCurrencySee Post

What will happen to current Alt-coins when they are deemed a security?

r/CryptoCurrencySee Post

Tezos-powered App LYZI To Enable Beaugrenelle Shopping Center With 110 Stores to Accept Crypto Including XTZ And EURL

r/CryptoCurrencySee Post

XTZ Casinos

r/CryptoCurrencySee Post

Crypto market is brutal AF

r/SatoshiStreetBetsSee Post

Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE

r/CryptoCurrencySee Post

What are you guys buying on this dip? If your not buying what’s your price targets?

r/CryptoCurrencySee Post

Favorite or Preferred Crypto Wallet

r/CryptoCurrencySee Post

Here's why the term "Ethereum killer" is obsolete, and we need to change it.

r/CryptoCurrencySee Post

What would you do with $100k right now.

r/CryptoCurrencySee Post

Check Out The Tezos Ecosystem Career Fair On Reddit’s Most Popular Cryptocurrency Subreddit r/Cryptocurrency Friday, May 20th

r/CryptoCurrencySee Post

Ethereum & Tezos holder here: My mental health is fine

r/CryptoCurrencySee Post

BTC Dropped below $27,000.00 USD. Where do we see the next floor?

r/CryptoCurrencySee Post

I know what I own. We invest, not purchase.

r/CryptoCurrencySee Post

LOL I’ve Never Been in the Green

r/SatoshiStreetBetsSee Post

Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA

r/CryptoCurrencySee Post

Bear Market Strategy: Recurring Buys

r/CryptoCurrencySee Post

It looks like Coinbase has taken a page from Crypto.Com's book

r/CryptoMarketsSee Post

Tezos (XTZ) Price Prediction 2022: Is $30 EOY Price Possible? - CNL

r/CryptoCurrencySee Post

Tezos introduces new consensus mechanism within protocol upgrade Ithaca

r/CryptoCurrencySee Post

Have you noticed that ADA is the best performing major asset during bullruns?

r/CryptoCurrencySee Post

Binance.US discontinuing staking

r/CryptoCurrencySee Post

Why I think Tezos is one of the most legitimate projects in crypto.

r/CryptoCurrencySee Post

Staking ADA

r/CryptoCurrencySee Post

How about we all show each other our PPs and rate them

r/CryptoCurrencySee Post

One Year Alt-Coin DCA+ Experiment - Week 22 mid-week Update

r/CryptoCurrencySee Post

How to diversify past Bitcoin

r/CryptoMarketsSee Post

Coinbase Sued For Selling 79 Crypto Assets, Including XRP, ADA, SOL, XLM, SHIB, DOGE, XTZ, As Unregistered Securities

r/CryptoMarketsSee Post

Coinbase Sued For Selling 79 Crypto, Including XRP, ADA, SOL, XLM, SHIB, DOGE, XTZ, As Unregistered Securities

r/CryptoMarketsSee Post

Will Tezos Reach $100 and How Soon Could This Happen?

r/CryptoCurrencySee Post

What is Tezos (XTZ)?

r/CryptoCurrencySee Post

I'm new to this, how can I stake coins in Canada?

r/CryptoCurrencySee Post

Digital Birthday Calls For Digital Presents

r/CryptoCurrencySee Post

Funny thing happened…

r/CryptoCurrencySee Post

Other Layer One protocols are not ready to do battle with ETH

r/SatoshiStreetBetsSee Post

Top 5 cryptocurrencies to watch this week: BTC, LEO, MANA, KLAY, XTZ

r/CryptoCurrencySee Post

Let’s talk about carbon emissions and my thoughts on regulations possibly to come in crypto.

r/CryptoCurrencySee Post

Max Cooper - Offering NFTs for new album

r/CryptoCurrencySee Post

Ledger Live and Tezos

r/CryptoCurrencySee Post

The NBA team Cleveland Cavaliers have launched their NFT marketplace on Tezos (XTZ)

r/CryptoCurrencySee Post

Hacker stole my $500K worth of tokens on 17 August 2021 help me to find them

r/CryptoMarketsSee Post

Top 5 Best Staking Coins Compared In 2022

r/CryptoCurrencySee Post

Decentraland (MANA), Tezos (XTZ) and Three Other Altcoins Are Spearheading Crypto Rally: Insights Firm Santiment

r/CryptoCurrencySee Post

Struggling with Cryptocurrency Taxes for FY21

r/CryptoCurrencySee Post

Some inside information with regard to Tezos (xtz) and Man United

r/CryptoMarketsSee Post

Tezos price analysis: XTZ/USD pair bullish for the next 24 hours

r/CryptoCurrencySee Post

Started to panic when my XTZ transaction wasn't showing up in my cold wallet... had I done what everyone warned me about?

r/CryptoCurrencySee Post

Tezos XTZ is a crypto for the people (here´s why)

r/CryptoCurrencySee Post

Tezos just signed a £20 million per year deal with football club Manchester United - home of Christiano Ronaldo - to sponsor and plaster XTZ on their kits and likely further dive into NFT team merchandise

r/CryptoCurrencySee Post

Which cryptos should be staked and are potentially losing out on gains when holding in your own wallet?

r/CryptoCurrencySee Post

Activity on Tezos ($XTZ) Network Explodes After Number of Smart Contracts Triples

r/CryptoCurrencySee Post

Tezos price analysis: XTZ breaks at $3.8 as bullish succession continues | Cryptopolitan

r/CryptoCurrencySee Post

Accept Tezos Coin | XTZ Payment Gateway | NOWPayments

r/CryptoCurrencySee Post

Is it time to think differently about long term crypto investments?

r/CryptoCurrencySee Post

CoinShares lists world’s first crypto ETPs with transparent staking rewards and reduced management fees for XTZ and DOT

r/CryptoCurrencySee Post

We need some hopium to get high and forget. This is what I am doing during this time of red colour!

r/CryptoCurrencySee Post

What's one project that you believe in that you DON'T hold?

r/CryptoCurrencySee Post

Tezos: nonstop censorship & number go down

r/CryptoCurrencySee Post

Kraken & Matic

r/CryptoCurrencySee Post

Why I think Tezos is one of the most legitimate projects in crypto.

r/CryptoCurrencySee Post

Be careful of advertising

r/CryptoCurrencySee Post

Apparel Giant Gap Launches NFTs on Tezos (XTZ)

r/CryptoCurrencySee Post

Tezos Ecosystem: List of ecosystem deliveries announced for Q1 2022 (XTZ)

r/CryptoCurrencySee Post

What Is Ergo (ERG)?

r/CryptoCurrencySee Post

DeFi, am I doing it right?

r/CryptoCurrencySee Post

Leveraging - a double edge sword: Most "down" tokens are up whilst the rest of the market is down

r/CryptoCurrencySee Post

Just Put Your Money In Rookie Cards

r/CryptoMarketsSee Post

"Unlike Bitcoin and Ethereum, Tezos’ vision is that hard forks shouldn’t be a standard way to upgrade the system over time. That’s why the core value proposition of XTZ is to be a self-governing project."

r/CryptoCurrencySee Post

All projects with a ticker starting with "X" are probably dying

r/CryptoCurrencySee Post

My Crypto 2021 recap - how was yours?

r/CryptoCurrencySee Post

Honest question: why are APR/APY% that high on Tezos for farming using Stable/BTC/ETH/XTZ ?

r/CryptoCurrencySee Post

What coins have a minimum balance?

Mentions

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Here are the some of the best undervalued cryptocurrencies. Chainlink (LINK) Tezos (XTZ) Theta (THETA) Polygon (MATIC) Filecoin (FIL) Hedera (HBAR) Klaytn (KLAY) PancakeSwap (CAKE) Quant (QNT) Algorand (ALGO)

Here are the some of the best undervalued cryptocurrencies. Chainlink (LINK) Tezos (XTZ) Theta (THETA) Polygon (MATIC) Filecoin (FIL) Hedera (HBAR) Klaytn (KLAY) PancakeSwap (CAKE) Quant (QNT) Algorand (ALGO)

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

XTZ running like a mad man today. Love to see the price action

Mentions:#XTZ

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Algorand - number one reason is simplicity of use, I’ve used ETH, ATOM, XTZ, SOL, and others but it’s by far the easiest chain to interact with

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

It's nice to see real uses of the cryptos, however, I lost faith in XTZ a long time ago, although there are times when I reconsider buying a little more but I don't have that much money.

Mentions:#XTZ

I'd be careful with 'solid' in our space since XTZ is back to 2019 prices. It's a good gamble, that's what it is

Mentions:#XTZ

How come everytime I see this XTZ is never mentioned???

Mentions:#XTZ

DOT +21%, XTZ +15% CAKE +11% Feels great that some of my small bag of alts are finally waking from hibernation

Mentions:#DOT#XTZ#CAKE

36% ETH, 14% SOL, 9%XMR, 7%LTC, 7%DOT, 6% BTC, 6%XTZ and for the rest some small caps, some coins dead and some shitcoins

I hope nothing bad ever happens to my 3 BTC, 20 ETH, and 1000 XTZ.

Mentions:#BTC#ETH#XTZ

You're right. Fact is XTZ is a complete dogshit coin, always has been. That's by design, BTW.

Mentions:#XTZ

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Tezos [XTZ]. Constantly being developed and improved. Liquid Proof of Stake (LPoS). The latest update Lima recently launched.

Mentions:#XTZ

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

You sound like someone at the bar who doesn't like small talk. How am I gonna get a buzz and talk about crypto if ur over there denying all conversation. You gotta have fun in here sometimes. I guess XTZ is my shill coin *btw*

Mentions:#XTZ

XTZ (Tezos) has a thriving NTF scene with great artists. Ravencoin (RVN) is still a popular coin to mine even though its price has collapsed. Harmony ONE is dead man walking. Since I have had the most luck selling NFTs on Tezos I might concentrate on this blockchain.

Mentions:#XTZ#RVN#ONE

Various coins Q3 2017, and various of them got sold, the main one I have left from back then is BTC, sold XMR and LTC along the way (the biggest other purchases I did back in those days) over the last 2 years. I then bought other coins during the 2018 bear that I kept and held up rather well (such as ETH, XTZ and ADA), while others I sold (IOTA, IOST, etc).

There's no DAO's on XTZ, the voting is done by delegators, so stakers can move to a delegator that cores the way they want, if the delegator doesn't.

Mentions:#DAO#XTZ

I think BTC & ETH will survive. After that you’re playing the lottery. The next bets are LTC, XMR, XRP, XLM, DOGE, ADA, XTZ, & LINK.

XTZ baby!!! But it’s not technically a loss if I never sell it. Big brain time.

Mentions:#XTZ

I actually really like XTZ, but unfortunately it seems like it has gained very little traction in the time it's been around. I don't hold any anymore, but it was the only alt I felt bad letting go of.

Mentions:#XTZ

I told a buddy of mine this. Like dude 5% APY is nuts compared to traditional institution(XTZ, ADA, forgetting a few). This 115% APY is such an obvious scam. Why would you offload X number of commas worth of crypto into it.

Mentions:#XTZ#ADA

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

XTZ - still believe it's a solid project and will make me some money.

Mentions:#XTZ

XTZ ticks all the boxes for me

Mentions:#XTZ

Been in a XTZ relationship disaster for a while. I even own a *shudders* tezos based NFT of a lizard.

Mentions:#XTZ

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Happy holidays friend :) I’m gonna buy some XTZ, BTC and Algo around the 30-31st :)

Mentions:#XTZ#BTC

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

Burn my portfolio: XLM, GRT, LINK, AAVE, ALGO, XTZ, AVAX.

Add XTZ to that mix. My trifecta of slow and "boring" coins price wise that I believe will be huge in the future.

Mentions:#XTZ

well I officially have invested more into XTZ than ALGO. I'm going to sleep like a baby tonight

Mentions:#XTZ#ALGO

well I officially have invested more in XTZ than ALGO. Can't wait to sleep like a baby tonight

Mentions:#XTZ#ALGO

You can stake a few projects on chain, ONT, XTZ, ADA, ATOM, SOL, VET and commit to ALGO governance. That list is likely to increase in future.

XTZ- used to seem so promising and its gone nowhere ICP - still trades up and down enough that someone is profiting off of it

Mentions:#XTZ#ICP

XTZ because its on chain governance is unique and offers incredible foresight.

Mentions:#XTZ

XTZ :)

Mentions:#XTZ

Keep an eye on these alt L1 competitors to Ethereum. There are only a few that are truly different from Ethereum, including Tezos, Cardano, Algorand, Near, etc. NFTs are booming on Tezos. I hope some of you will pick up some TEZ (XTZ) and check out the Tezos ecosystem. Explore the art scene and support artists from developing world! Lots of affordable art!

Mentions:#XTZ

In Tezos optimistic rollups are a layer 2 solution that are part of the Tezos protocol directly, not as smart contracts which is more gas and storage efficient with the added benefit of XTZ being the only token required for gas.

Mentions:#XTZ

Yall gunna make me cry. Lol. XTZ!!!!!!!

Mentions:#XTZ

Tezos for many reasons: - Decentralisation (more decentralised than most) - On-chain governance (real decentralised governance) - Forkless (no duplicated NFTs) - Formal Verification (Tezos made in OCaml and Smart Contracts with Michelson, both allowing it) - Liquid PoS with very easy and passive staking (no locking your XTZ while staking) - Extremely low fees - Self-amending (Tezos upgrades itself) - Most upgraded L1 blockchain - Low hardware requirements to run a node (Raspberry Pi 4) - Not limits to number of bakers/nodes - Not artificially inflated bakers/nodes with artificial limits which would make one entity has several nodes - Working Blockchain with more partnerships than most all but Ethereum (Ubisoft, Red Bull, McLaren, Warner, Grammy Awards, EVE online, Unity SDK, Vitality Team, Manchester United, Red Cross, GAP, Emirates Group, French military, several European cities using it for election voting system with Electis, University of Cambridge, Groupe Casino, Mile Shinoda, Doja Cat, just to mention a few) - NFT, Tezos is one of the top ones in art community. Add to that music with OneOf and others. Add to that videogames with Ubisoft, Dogami, Eve Online, Unity with their SDK now... - Never shut down (this should be the minimum...) - Easy to develop for as there are Python and JavaScript like syntax libraries to develop Smart Contracts that will compile to Michelson (SmartPy, Ligolang, Archetype,...) - No CEO - No core Dev team but many different ones - No official wallet but many (remember it's decentralised) And the cherry on top: - Scalability will be incredible in Tezos, with more tan 1M TPS soon, while keeping low hardware requirements and other pro decentralisation characteristics and top security with formal verification

Mentions:#XTZ#EVE

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

I like the chains who implement sharding. Like NEAR, EGLD and XTZ. Of course some will say a chain will do fine with optimization. Which could be true, but sharding is the future in the end.

tldr; Coinbase Prime, the prime broker platform of Nasdaq-listed cryptocurrency trading platform Coinbase, has started offering Polygon ($MATIC) staking services to its users. In a tweet, the company pointed out that investors can earn rewards with “institutional-grade, fully integrated staking” on its interface. The platform currently allows staking for Solana ($SOL), ETH ($ETH), Tezos ($XTZ), Celo ($CGLD), and Polkadot ($DOT). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

True, very underwhelming, I can include XTZ as well

Mentions:#XTZ

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.

XTZ price seems pretty unaffected.

Mentions:#XTZ

#Algorand Pro-Arguments Below is an argument written by Zarkorix which won 2nd place in the Algorand Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: ALGO is ~15% of my portfolio. > > ## Solving the Blockchain Trilemma > > Algorand is a solution to the "blockchain trilemma" - the ability of a network to be simultaneously scalable, secure and decentralised. ALGO's TPS is 1k/s, with a 4s finality, 0.001 ALGO transaction fee and it offers L1 smart contracts - however the network will be upgraded in Q3-Q4 2021 to 45k/s TPS and 2.5s finality, ranking it toward the top for speed and scalability [(Source)](https://www.algorand.com/120720-Algorand%202021%20Performance.pdf) > > Decentralisation is achieved by the pure PoS (PPoS) consensus mechanism, which employs **algo**rithmic **rand**omness. Unlike delegated PoS (e.g. XTZ, ADA), PPoS does not employ pooled validators, thus minimizing the drive toward centralisation over time that dPOS suffers from. ALGO node running is permissionless - anybody with >1 ALGO can run a node and theoretically participate in consensus. Moreover, the hardware requirements are extremely low - an ALGO node can be run on a low energy, $50 Raspberry Pi. > > A key feature of PPoS is the use of a randomised, weighted lottery that selects validators - known as VRF. This prevents any malicious actor(s) from attacking the network since the identities of the currently selected validators (who must be corrupted in order to carry out an attack) are not known until the block is already finalised. At 1-4k validators, PPoS is paradoxically superior to ETH 2.0's 150,000 nodes - because ETH's beacon chains are long-lived. By contrast, ALGO's random selections vary on both a *round* and *subround* basis - that is, block proposers, voters, vote certifiers all vary, across all steps of certifying a block. Unlike ETH 2.0, which makes a single node the 'king-of-the-hill' for a given round (and thus employs slashing to discourage this node from misbehaving), if a node misbehaves in ALGO, it is simply voted against by all other certifiers - no slashing required. > > Governance (launching 1/10/21) will further decentralise the network by placing decisions concerning the network, tokenomics and which projects receive developer grants (see below) into the hands of ALGO holders. > > **Main Conclusion:** ALGO is fast, scalable, secure while remaining decentralised. > > ## Carbon Negative > > Algorand's pure proof-of-stake (PPoS) consensus mechanism is extremely lightweight, consuming \~0.000008 kWh/tx (vs. 0.5479 kWh/tx in ADA - that's \~70,000x less energy, and 116250000x less energy than BTC) - with 4,000 active validators. Minting an NFT requires only 0.0000004 kg of CO2 [(Source).](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) This energy usage is 100%+ offset via carbon credits - locked up by an on-chain sustainability oracle, via smart contract, that analyses the energy used by each node. A partnership with ClimateTrade (amongst others) channels this funding into reforestation, peat-management and wind-energy projects at a global level [(Source)](https://www.algorand.com/resources/algorand-announcements/carbon_negative_announcement). > > **Main Conclusion:** ALGO is eco-friendly, and the world's first carbon *negative* blockchain network. > > ## Staking Rewards > > ALGO currently offers a seamless staking experience, with an APY of \~5.75% - you simply hold ALGO in a custodial wallet to participate (i.e. you do not need to select a validator and there is no lock-up period). In other words, your ALGO remains liquid at all times. This, however, will be gradually phased out and replaced by Governance, which will increase APY to 7%-30% (depending on the number of participants) but which will require you to vote in every proposal. > > ## Developer Friendly & Ecosystem > > Algorand is extremely accessible to developers [(Source 1)](https://developer.algorand.org/tutorials/) [(Source 2)](https://developer.algorand.org/docs/reference/sdks/): it supports development in Python, C++, GO, Java, Javascript and RUST - removing the need for developers to retrain or learn obscure or new languages (e.g. Haskell). ALGO's smart contract language, TEAL, is incredibly intuitive and can be accessed via Python (PyTEAL). As shown in Source 1, Algorand offers comprehensive and detailed documentation and tutorials (for free) to all prospective developers. > > More importantly, \~$200-250m is available to support developers and 50+ grants have already been issued [(Source)](https://algorand.foundation/developers/developer-incentive-awards-program). In total, \~600-650 companies are currently developing on ALGO and intend to deploy DApps/ALGO-based services [(Source)](https://www.algorand.com/ecosystem/). > > **Main Conclusion:** ALGO has the ability to instantly attract developers, and is poised for an explosion in its ecosystem. > > ## Academic Rigor > > Algorand was founded by the Turing-award-winning, MIT professor Silvio Micali - and is backed by an excellent team with solid peer-reviewed academic prowess and publication record [(Source 1)](https://www.algorand.com/technology/research-innovation/research-papers) [(Source 2)](https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=silvio+micali&btnG=). Silvio Micali conceived of and pioneered zero-knowledge proofs (among many other protocols) - a key, integral part of ETH 2.0 and the future of cryptography/cryptocurrencies. Such a respectable and trustworthy team boosts ALGO's chances of mass adoption, especially in the financial/institutional sectors. > > **Main Conclusion:** ALGO's ability to form partnerships is bolstered by the prestige of its team. > > ## Real World Use > > A key feature of Algorand is that it is *forkless* \- it is mathematically impossible for ALGO to fork [(Source)](https://www.sciencedirect.com/science/article/pii/S030439751930091X). This is extremely important for real-world usage + transactions. Businesses accepting ALGO (unlike 99% of other cryptos) will not only experience rapid finality but can trust that the transaction is not on a forked, branch of the blockchain that can be lost. This also applies to NFTs. Thus far, ALGO has seen major adoption, recently including: > > * 70M South Americans (potentially 200M soon) using ALGO to issue + store COVID-19 passports [(Source)](https://www.algorand.com/resources/ecosystem-announcements/vitalpass-vaccine-tracing-latam/) > * BNext adopting ALGO for its $100b/year Spain<->Latin American remittance service [(Source)](https://www.algorand.com/resources/ecosystem-announcements/bnext-announces-next-generation-remittance-service/) > * MAPay adopting ALGO to power $800m/year in healthcare payments for Bermuda [(Source)](https://www.algorand.com/resources/ecosystem-announcements/mapay-to-implement-blockchain-based-solutions-on-algorand) > * SIAE, one of the largest and oldest digital rights managements companies in the world, launched 4.5m NFTs onto ALGO - representing the work of 10,000 artists and which will involve $100m/year in royalties [(Source)](https://www.algorand.com/ecosystem/use-cases/siae). > * ALGO was recently featured in a World Economic Forum (WEF) report on cryptocurrency - listed as a recommended "VIP" blockchain that solves issues with BTC/ETH and proof-of-stake [(Source)](http://www3.weforum.org/docs/WEF_Getting_Started_Cryptocurrency_2021.pdf). This document will be seen by institutions, banks and economists worldwide. > > The list goes on and on [Here.](https://www.algorand.com/ecosystem/use-cases) > > **Main Conclusion:** ALGO is already being deployed for large-scale and institutional solutions - despite only launching \~2y ago. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttc/rcc_cointest_coin_inquiries_algorand_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find arguments on this topic in other rounds.