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Algorand — Here’s Why Crypto Lovers Bullish on this ‘Ethereum Killer’ 

Is Actually Kill Ethereum in 2022?

However, this blockchain community additionally faces a few technical challenges. Ethereum is named a robust decentralized computing platform, however, its transactions are additionally seen as gradual and expensive. 

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Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), and Avalanche (CRYPTO: AVAX) are three of Ethereum’s strongest challengers. Their large positive aspects in 2021 left Ethereum consuming buckets and buckets of mud. 

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Like each different public blockchain platform, Algorand can also be a decentralized network. However, this one goal is to unravel the ‘blockchain trilemma’, and tackle the three massive issues that the ecosystem faces as we speak — pace, scalability, and safety.

What is Algorand?

How does Algorand work?

Yes, Algorand does use the proof-of-stake (PoS) consensus mechanism, however, the Algorand community’s mining protocols are fairly completely different from what it’s possible you’ll in any other case perceive about PoS. 

The Key Sauce That Makes Algorand And Various Alternative Cardano Solana Avalanche Ethereum