"While going through it remember:
✅Any project building on
#Algorand rails has to use
$ALGO. Not only for tx fees but also for creating/maintaining ASAs, NFTs, NFDs, Wallets and Smart Contracts."
#Algorand is the best L1 unquestionably.
As the BS (hype, FUD, shilling, etc.) ends, fundamentals will win as they always do.
IMO nothing comes close to any aspect of
#Algorand's fundamentals; tech is the best in class, tokenomics, decentralisation (most decentralised L1), real-world adoption now as well as formidable pipeline, and patents granted cited/referred to major institutions directly based on Algorand's tech.
See below for more on all aspects of
#ALGO FA (Fundamentals Analysis):
#Algorand tech;
⚡ Instant Finality
🧊 2.7s Block Time
📈 15K+ TPS irespective of the type of transaction.
(15k TPS is industry-leading, and achieved on the mainnet with no degregation in performance)
🔒 Quantum-Secure Chain History.
(Using Falcon keys, Algorand is the only chain with a quantum secure ledger.)
🚫 Zero Downtime since inception-June 19'
(2.83bn+ tx's and 47.8M+ blocks processed)
📧 42.4M wallets/addresses created so far
✅ No block re-orgs and rollbacks
✅ No Forking possible = no duplicate assets!
✅ No Failed Transactions
💰 Extremely Low Fees (~$0.0003 per tx's)
♾️ Unlimited Smart Contract Storage
🎁 Staking Rewards
🍃 Eco-Friendly
🌐 Interoperability
🛠️ Developer-Friendly
🐍 Algorand supports native
#Python, native
#Typescript, native
#Java,
#JavaScript and
#Go programming languages, as well as most dev tooling and line-by-line debuggin.
🎯 Turing-complete
💼 Enterprise-Ready and used now
(see
#RWA graph below)
📜 MiCA Compliant
🌍 Global Reach
🔍 Send private transactions on Algorand with
hermesvault.org (now on TestNet)
🫡 Highly decentralised, 5.2k+ nodes Globaly. (Algorand's unique VRF-based consensus mechanism, anyone can run a node on any regular computer.
algorand.co/run-a-node )
👨🏫 Reputable founder
@silviomicali (MIT professors and Turing award recipient for work in cryptography, whose work is cited in
$BTC whitepaper)
🇺🇸 American-made
#Algorand has excellent tokenomics;
🏁 finite and strict token (
$ALGO) supply, insuring no indefinite inflation associated with non-finate supply tokens.
🟢 84.6% of
$ALGO are in circulation = Only ~2.6% average yearly inflation from now until summer of 2030, when the last ALGO will be distributed.
👷♀️
$ALGO is required not only for Tx's but also for creation and maintenance of Smart Contracts, Wallets, NFTs, NFDs and ASAs. This in turn is taking significant
$ALGO out of circulating/tradable supply (so far 52.3M) and will start to have deflationary pressure in the near future.
#Algorand rails are used now in the
#RWA (real-world adoption) by variety of use-cases globaly ⏬️ ;
@exodus - tokenized common stock listed on NYSE.
@ArchaxEx - tokenized interests in abrdn’s €3.8bn money market fund.
@RedCross (American Red Cross) - delivering monetary help to Americans affected by recent natural disasters
@lavazza - coffee supply chain traceability
@travelx__ - airline tickets
(3 airlines using it so far, processing over 24.5M tx's monthly. More airlines are joining soon.)
@agrotoken - grains tokenized
@FIFACollect - digital collectables (over 1.5M sold so far, $12M+ volume) and rights to by tickets for World Cup.
@EnelGroup - solar panel tokenization
@lofty_ai - tokenized over 160 USA residential properties so far, with active DAO's for each.
@MasterCard - solution is designed for users with assets onchain in web3 wallet who want easy and safe way to spend.
@meldgold - tokenization of precious metals.
@HesabPay_ - 30% of all electricity bills ($40M+ each month) in Afghanistan are paid via HesabPay app on Algorand rails.
@anotemusic - music royalties tokenized and paid monthly to token holders.
@Quantoz - first compliant electronic EUR (EURD) backed by Dutch Central Bank. Quantoz payments has passported its EMI licence to all of the EEA.
etc.
@EldarDRM