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Algorand
Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees.
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Algorand
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Description
Algorand is a proof-of-stake blockchain that aims to solve the 'blockchain trilemma' of achieving scalability, security, and decentralization simultaneously. It uses a unique consensus mechanism called Pure Proof-of-Stake (PPoS) to enable fast transaction finality and high throughput, making it suitable for a wide range of applications including finance, DeFi, NFTs, and enterprise solutions.Category: L1