WHY ALGORAND? WHAT SHOULD I KNOW BEFORE I CHOOSE ALGORAND FOR MY BUSINESS OR INVESTMENT?

Welcome to new, existing and OG members of the ALGORAND community. SILVIO MICALI — FOUNDER/INVENTOR OF ALGORANDWe are happy to provide you with a SPECIAL INVESTMENT THESIS for ALGORAND, compliments from the ALGO GANG ORIGINALS, an exciting, new pop-crypto-culture character/story NFT series that will be launching on ALGORAND in approx. 3 weeks. Click on the above link to access our whitepaper or see our social media channels at the end of this article. The following is a backgrounder to help you make an informed decision on whether or not you want to select ALGORAND to be your blockchain for your business, start-up or NFT project. Or whether or not you want to become or remain an investor of ALGORAND. This piece is intended to be informative only and is not financial advice or an enticement to buy more ALGO. As a disclaimer, the author of this article @bmorecmore is a holder of ALGO, be sure to follow him on Twitter. WHY ALGORAND? If you are new to blockchain and the crypto space or have been here for a while, you will realize that there is a lot of hype, false claims and hopium that dominates the news cycle. However, beneath the Bitcoin, Ethereum, and Doge Headlines, there exists a blockchain that is future focused and positioning to become the blockchain utility engine for supporting the world’s digital asset transactions. This blockchain is ALGORAND. Here are 4 Reasons why ALGORAND will become a household name and gain blockchain dominance as a top 5 chain. First premise: Technology ultimately wins Blockchain-enabled technology enables the exchange of digital assets with permanent proof of transaction and without the need for a middleman 3rd party to oversee the asset exchange. This way of digital interaction has the potential to take over as the main way we conduct our financial transaction. However, in order for blockchain-enabled technology to achieve mass adoption for retail digital transactions, the blockchain needs to be able to meet the following criteria: high utility, fast speed, massive scale ability, hack-resistance security, and all transactions at low costs. In terms of Level 1 Blockchains (e.g. Bitcoin, Ethereum, ALGORAND, Avalanche), ALGORAND is currently one of the only blockchains that are best positioned to meet the global requirements for supporting everyday digital (financial) transactions. One way to put Algorand into perspective at this moment is to use Google as an analogy. When Netscape, AOL, and AltaVista were dominating the news as popular Internet Search Engines and Email providers, ….Google was quietly working behind the scenes to develop the best strategy for search engine with the best tech in the industry. With this strategy, Google rose from a relatively unknown start-up to an industry leader & world prominence in the Internet space. One could argue that the same thing is happening with Algorand. As all eyes have been on Bitcoin and Ethereum, Algorand has been focused on delivering high-tech blockchain innovation, resulting in significant advantages that will help this blockchain to rapidly rise in prominence. Technological Advantages — ALGORAND is a block chain that is constantly upgrading with new innovations and without forking into separate chains, as experienced by Bitcoin and Ethereum. While popular chains like Ethereum require services to exist above the chain for better performance (in what’s called Level 2), almost all of Algorand’s technological features are build directly into the main Algorand blockchain. In tech speak, ALGORAND CEO Steve Kokinos calls these advantages ‘Primitives’) Proof of Stake Permissionless Blockchain — this is a key feature of Algorand. Algorand was built from scratch on the idea of using Byzantine agreements to establish consensus on block propagation and verifiable random functions and zero-proof knowledge to facilitate and validate transactions. ALGORAND was created from the genius mind of Silvio Micalia, a MIT professor and Turing Award winner (the Nobel prize of Computer Science) who has a legendary status as the Godfather of Cryptocurrency. Silvio Micali had the foresight to see the short-comings of Proof of Work blockchains and decided he could build a better blockchain on the foundation of mathematical principles. If you like to nerd out, here is Silvio Micali’s Scientific Paper on Byzantine Agreement TRANSACTIONS PER SECOND Transactions Per Second (TPS) — currently ALGORAND offers 1200 TPS/sec, however, it is upgrading to a mind boggling 46,000 TPS/sec by end of year. See Algorand 2021 Performance. This transaction rate will be needed to manage future Central Bank Digital Currency (CBDC transactions). Bitcoin is 7 TPS/sec, Ethereum is 20 TPS/sec, PayPal is 193 TPS/sec, Visa averages 1700 TPS/Sec but can go to 24K TPS/Sec. This helps you to realise that ALGORAND, with a potential for 3.9 billion transactions per day, will be lightyears ahead of the current popular blockchains and payment services. Transaction Finality — currently it takes 4.5 seconds to complete a transaction on the Algorand blockchain. Using a mathematical technique to ‘pipeline’ transactions, Algorand will be upgrading to 2.5 seconds for transaction completion. This feature is mission critical for supporting the mass adoption of retail point of purchase transactions on a blockchain. An example of a retail point of purchase is the act of buying a coffee at a cafe. Which you can already do so with $ALGO at Caffe Barbera in Italy. In contrast, for transaction finality… Bitcoin is 60 mins and Ethereum is 6 mins (Ethereum will improve when it moves to PoS). PoW blockchains do not have the technical capabilities within their blockchain to support daily retail transactions. Daily retail transactions are possible for these chains through the use of Level 2 (above chain) services or by ‘wrapping’ the native cryptocurrency (like $BTC or $ETH) so it can be used on a high-utility blockchain like ALGORAND or other contenders like Harmony One or Avalanche. Quantum-Resistance Security — ALGORAND understands our near future will include quantum computers with the computing power to crack many of today’s cryptocurrency wallets. To be the chain of the future, where the world’s wealth will reside in crypto wallets, blockchains need to consider how they will protect this massive amount of wealth. Fortunately, ALGORAND is focused on security and quantum resistance. This is why they hired Chris Peikert — the world’s leader in post-quantum cryptography works for ALGORAND (since Feb). This is also why AGORAND recently upgraded their programming language to TEAL 4 programming, which now supports 512 bit integer registers, a massive boost to security & encryption on the ALGORAND blockchain. ALGORAND now supports a bit register that is 2x greater than the 256 bit registers in Ethereum Smart Contracts. Additional comments: Bitcoin relies on the Elliptical Curve Digital Signature Algorithms which could be broken (Hacked) by a Quantum computer by 2027 Ref to ALGORAND Quantum Safe Variable Random Functions Ref to Bitcoin Quantum vulnerability TEAL 4 programming — supports a mind-boggling capacity for complex mathematical calculations, positioning ALGORAND as the only blockchain with the technical capabilities to support the derivatives market No Forking — ALGORAND does not fork. The Actual Mathematical Probability of ALGORAND forking is 0.0000000000000001% Whereas, Bitcoin or Ethereum which can suffer from Forking and transaction invalidation (Losing fees due to failed transactions on Ethereum is a huge issue, costing retail users from 10’s to 100’s of dollars per failed transaction). Low fees ALGORAND fees are set at 0.001 ALGO per transaction. — Less than a penny and can be adjusted down at any time by ALGORAND if the value of Algo rises. Let’s take a quick moment to appreciate the significance of the low fees on ALGORAND. In March, an Italian company, SAIE, who protects the intellectual property rights of authors and publishers, uploaded about 4.5 million NFTs onto the ALGORAND blockchain. At today’s prices, the fees for these 4.5 million NFT transactions would be: ALGORAND: $9,315 USD and ETHEREUM $180,000, 000 USD (a very conservative estimate). The difference is obvious and the implications on which chain will be used in the future for daily transactions is evident. TOTAL TOKEN SUPPLY BY SMALLEST RECORDABLE UNIT Smart Contracts — ALGORAND built Smart Contracts into their main blockchain. This is a huge advantage for businesses to settle contracts, manage supply chains, transfer real estate ownership, and settle digital asset swaps. The possibilities are endless here. In contrast, Cardano which benefits from hype and marketing is still struggling to get an effective set-up for Smart Contracts Co-Chains — ALGORAND also offers Permissioned (Private) Co-chains that can support Central Banks and Institutions to manage their own chain with their own trusted validators and their own determination of transaction fees. The Permissioned Co-chain is connected to the Public Permissionless Co-chain allowing Central Banks/Institutions to sell/swap assets with the main chain or other co-chains. For example, ALGORAND supports China’s Blockchain Service Network (BSN) with a Permissioned Co-chain and the International BSN with their permissionless main chain. ALGORAND Co-chains are often overlooked by investors and people who are looking at which blockchains will support Central Banks. This makes ALGORAND a bit of a dark horse. This is one of the key reasons, the ALGORAND team is deep into conversations with at least 16 Central Banks. Green, Sustainable Technology — ALGORAND pledges to be a Carbon-Negative blockchain and is a supporter of the UN Sustainable development goals. With Proof-of-Stake, it ranks as the most energy efficient blockchain. E.g. Average Energy Consumption in April 2021: ALGORAND 0.000008 kWH/txn vs Bitcoin 930 kWH/txn. Bitcoin uses 116 Million Times more energy than ALGORAND. Today, many institutions/companies are carbon-regulated and energy consumption will be a key factor in selecting a blockchain to support their business. ALGORAND has a huge advantage here.