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.
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