Algorand: Why crypto enthusiasts are bullish on this ‘ethereum killer’
cnbctv18.comThe cryptocurrency ecosystem faces a unique ‘blockchain trilemma’ - the limitations with scalability, transaction speed, and security. Blockchains evaluate transactions at slower speeds which impede their scalability.
To tackle this issue, MIT professor Silvio Micali, who is also a Turing award-winning computer scientist, created a robust payment-focused blockchain--the Algorand.The Algorand is a superfast blockchain that performs transactions at an incredible rate of 1,300 transactions per second (TPS) that is soon expected to touch 3,000 TPS. Algorand breezes past the Bitcoin and Ethereum blockchains, which operate at 5 TPS and 13 TPS, respectively.Algorand is about to add ‘instant finality’ to the blockchain, which means transactions can
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