Algorand cryptocurrency has surged +27% the Last 24HR while a majority of the cryptocurrency markets have been fairly unchanged. In addition to 24HR price action, Algorand has surged nearly +90% the last 30 days. 

Algorand Blockchain 

The Algorand Blockchain takes a decentralized approach that eliminated centralized power. The blockchain leverages a permissionless Proof-of-Stake consensus. The technology behind their blockchain can allow them to scale with some of the largest payment and financial networks in the world. Algorand has been known for their first to market infrastructure that experiences “immediate transaction finality.” This has been a big deal for them because with their blocks being finalized in seconds, it eliminates the need for them to wait for additional blocks to get “probabilistic finality.” Other Blockchains such as Bitcoin and Ethereum do not attain this luxury. In return, Algorand Blockchain is able to experience simplicity and fast transactions that again can scale with the largest payment and financial networks globally.

Algo Price 

As mentioned above, Algo price has surged +27% the last 24HRs. Additionally the cryptocurrency has experienced almost +90% gains the last month. Algo cryptocurrency ranks 33rd among a large list of over 5,000+ cryptocurrencies in circulation. At the time of this writing, its market capitalization currently sits at $280,585,688. If you take a look at the chart below, you can see the large growth the cryptocurrency has witnessed lately, nearly doubling in price.

Algorand Management Team Working With Regulators 

With a number of different blockchain protocols surfacing, it will be crucial to work with regulators to push global adoption. It seems like Algorand is one of the few teams that is striving to work directly with regulators. According to a Algorand news report, they have recently hired lobbyist to work with legislators on blockchain guidance. The reports outlines that Algorand recently hired Franklin Square group to push legislator involvement. Franklin Square Group has been tied to some of the most powerful leaders in Washington to facilitate technological change.

Image Source: Pixabay 

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.

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