What is Algorand? (ALGO)
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- Опубліковано 9 лип 2024
- THIS CONTENT IS NOT INTENDED OR SUITABLE FOR INDIVIDUALS RESIDING IN THE UK. Please see / @exodus-uk . Please take two minutes to learn more and visit our UK-specific page uk.exodus.com/uk-regulations/
Discover the ins and outs of the Algorand network and its native cryptocurrency token Algo. What does Pure Proof of Stake mean and how does it differ from Proof of Work? The Algorand blockchain has a multi-layer protocol and we’ll explain the details of each and what types of cryptocurrency transactions fit into each based on the complexity of smart contracts. This Algorand review will also highlight how to earn crypto rewards and participate in Algorand project governance.
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#Exodus wallet #Algorand #Algo - Наука та технологія
I love drawing interest on my investment. My favorite altcoin!
Algo is not the only way to earn interest on crypto
@@gmfbaentertainment I'm aware.
@@g00glian0 what coins have gave you most profit if you don’t mind me asking 📈🤝😁
@@YouKnowTheBiz Kava on Kraken is 20% and Binance coin is like 23% in trust wallet.
@@pappynotoes8531 dang that's alot
★☆★Download Exodus for Mobile and Desktop★☆★
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Enjin, Nimiq, Hedera and Theta on Exodus Wallet please. 😊😊😊
Love exodus please add LBC
@sheparddog117 I plan on holding mine on the exodus wallet so i can also earn rewards.
@sheparddog117 lol yeah i have a coinbase account but i cant remember my old number luckily i never used it though lol,i been buying on uphold and got some algo on kraken.
I love this wallet and team! Keep up the great work!!!
Here before algorand hits 1$, it’s at 80cents right now. The price has gone mad since this video! ALGO is the best altcoin, please do more videos on them!
We did it
@@jamesscott6160 yep 1.04 now too bad for me im just now wanting to get in. small FOMO but i think its still a BUY. HODL!
@CrystalisKnight so you dont think its too late to jump in?
@@teru797 listen to me, it’s absolutely not too late at all. its only $1.25 currently however, the future is very bright on cryptos
Back to 90 cents. Algorand is in a discount so buy buy buy
ALGO (Algorand) will grow so much
Very well documented and informational video. Thank you. I am an algo holder. I like the team and their drive. It is constant news and constant new players getting involved with them. The pure proof of stake is very attractive. It is a shame that is will only last once all coins are in the circ. I will they would lay out their game plan once this happens and if there are any incentives of holding algo
ALGO holder here. Price prediction for 2021 - 2.5$ to 5$
When?
@@dinum9895 short time price predictions are impossible. It's dependent on the whole world markets, dollar index and a lot of other stuff. I'm not in a hurry to reap the rewards. Investing is the game where the money of the impatient goes to the patient ones. I'm the second one :) I trade for fun and invest long term in the best projects. Algorand is my best investment. 2021 will increase the price of ALGO for sure. How much, and when....No one knows. The best strategy is when it shoots high, sell some, when drops buy, when shoots again, sell. When you need cash withdraw some. If you feel overexposed to some investment, diversify.... That's how you play the game. Good luck !
@@TheTomislavvv well said
@@TheTomislavvv still 2.5 or 5$?
Nice prediction, it reached 2.5
Nice video buddy. Professional and precise. 💪💪👍👍
Hey there, Thanks for the kind words and sharing your thoughts. Are there any particular assets you would like to see Exodus cover on the channel? -Kris
I really enjoy the staking rates. I enjoy dividend stocks, so this feels like a good way to get into crypto.
Whoa never even thought of them like that! crazy!
This is a great description. I think Algorand has high potential because of the proof-of-stake mechanism. The biggest drawback is there are too many Algo. But, overall I think the asset will appreciate in value over time.
$ALGO has been top gainers and weekly star on MXC Exchange. I'm thinking of stacking more.
I really enjoyed watch this video.. Learned a good deal about Algorand
I find it funny that the things that can really improve someone’s life has such a small view count, small in comparison to most videos on this site of course.
Makes sense, the people who make huge amount of money are such a small amount of people
That's why there's a 1%
Thanks for the breakdown!
The alt coin to be buying right now! So undervalued right now but not for long.
Algorand already is what Eth and others are trying to become. Best Blockchain out there.
I’m newly minted I’m Algos but from what I’ve read and listened to (like your video) I think Algorand is the absolute winner in years to come.
ALGO in the near term will probably cap between $2.00 and $2.25, but mid term, when we're closer to all 10B ALGO's being in circulation, I think it will crack $30 to $40. I doubt it will ever hit Ether or Bitcoin levels due to the volume, but I wouldn't be surprised if it hits $120 or $130 once all the ALGOs are in circulation.
How long do u think it's going to take
Given th nascent phase of crypto
I m highly bullish on ALGO
And I think close to 2034-35 it might hit 200 dollar
What do u think?
I just got in at 2 bucks. Good call.
I have some Algo and I really like the pure proof of stake they employ which appears unique at the moment. This is an altcoin to keep an eye on!!!!!
Yea that seems like a simple but good way to mitigate a lot of corruption and also provide more incentives to own Algo without lop siding the technology.
This is such a great video. Thank you! The content, presentation everything is interesting that i watched it in full.
AlgoRand is at 96 cents as of this comment. Not bad from 23 cents 7 months ago.
well done !
Love Algo. Super fast and cheap. All my peeps use it for payments within our ecosystem.
Great info again.
exodus is really awesome tbh
Algorand is a great project. Great potential and innovative functions like PPos, ASA and Re-Keying. I'm not confident about ALGO tokenomics, but ti could change in future.
Just started staking my Algo with the Exodus Wallet. Thanks so much for providing staking!
Our pleasure! 😄 -KC
The one thing that I like about Algorand is the speed of its platform. Hands down.
that's what I keep hearing, if there are enough projects who migrate onto that chain do you think the speed advantage over ETH will make a difference? -Kris
@@exodus by far the best wallet I have used. works perfectly! super fast and clean. the speed annihilates eth chain. i doubt even eth 2.0 will be close to it. will have to wait and see. :)
Thank you for the shoutout, Romeo! -SS
#xrp is faster and cheaper.
@@ZeginMakesMusic completely different to algorand Steven. Algorand has so much more depth. Have a proper look at it.
People need to know about algo. Only blockchain currently working with ISDA (international swaps and derivatives association). It’s also rumored that blackrock plans on investing in algorand. Stack it and stake it. Sit back and get paid.
Recently I started thinking about buying altcoins. Algo looks promising. So I'll buy some for usdt.
Best crypto 💪🚀
Algorand - “The Elusive Obvious” 😉
Hopefully LVX will someday be enabled with the Exodus wallet
I am a Algo holder since day one. I believe Algo will be around $15 by end of 2020 and about $50 by end of 2021.#notfinancialadvice #DYOR
Mate your insane if you believe that
Whoa...slow down there cowboy. Let's focus on getting to 50 cents first.
Bwahahaha!
Wao tuff guy
Algo to the moon
Great explanation of ALGO thx
Thanks for letting us know, lunarblues! 🙌 The team works hard to put out helpful content and feedback like this helps us know if we're on the right track. Let us know if there's any other topics you'd be interested in. We're all ears! -GR
I wish I knew what you are talking about in this video, but sounds great! Also, are Exodus users in control of their vaunted Private Keys?
Hey Scott, Exodus is a non-custodial wallet, so your funds are never in our control, nor is your wallet recovery information. This information is stored on your device only. You can read more here: support.exodus.io/article/138-what-information-does-exodus-have-access-to
if there are any question or doubts you have with regards to this video, please do reach out to us at support@exodus[.]io. -SR
It's even cheaper than you showed per transaction. It's not $.001, it's .001 ALGO - so it's really more like $.00024. Single block finality is huge as well - 5 seconds, no additional confirmations necessary.
I timed it... it’s 4.39864 seconds
@@exarepete2557 No . . . it is 4.26969696969 seconds
Cryptotato 🤣
really cheap
Hi Patrick, what happens with the .001 ALGO afterwards? Are these transaction fees forever gone? Thank you!
The problem with Cryptos is that their selling point and marketting is just too complex to be adopted on a widespread level. Few coins have specific purposes set out for them but a lot of thes coins tend to have overlap I find and your average person may not differentiate between one program vs. Another to commit the same task (smart contracts). Seems like wondering which Ice Cream will take off this summer by discussing the ingredients of each of them haha
Thanks for the video!
You are totally right, it's much more difficult today to enter the ecosystem than it was a few years ago just based on all the separate networks, how they work and what they are used for. - Kris
Algo to the moon!
proof of stake will win the war
Algo family
Hi, great video! If i haver ALGO on my Exodus using Trezor, Will i receive the staking Rewards, even If my ALGO are in the cold storage of Trezor?
Hi Victor 👋 That's a great question! At this moment in time, ALGO is not available in Exodus+Trezor integration, however, that doesn't mean that it won't be supported in one of our future versions, so please stay tuned 😊 -UO
Do you guys give higher staking rewards than binance and how often?
Tired of waiting for my rewards when coinbase shows it clearly.they don't give enough tho
Exodus gives almost 7.5% on algo. They also give almost 10% on cosmos which is another great buy.
I'm coming from 2021 August. Algo is $30!
Its over a dollar now... happy holding 😇
🔥🔥💯💪💪💪
the main problem with PoS what happens during hardware failures on nodes?
Italy... the land of the fast, ducatti bikes, ferrari cars, fast bullet trains.. now fastest blockchain in ths world.. Algorand!
I think it is worth to ask the difference between co-chain ( algo ) , parachains ( polkadot ) and Zone - Hub - Peg zone ( Cosmos ) . Their fees, TPS ( transaction per second ) , native tokens, projects in activity, liquid market and token or coins in Multi-seg address allocations.
Hi Carlos! I'm so glad you raised this 😊.
As there are many parts of your question, we’re happy to provide some quality resources for you.
You can learn more about Algorand Co-Chains here: www.algorand.com/resources/blog/algorand-co-chains-the-need-for-both-public-and-private.
You can learn more about Polkadot Parachains here:
wiki.polkadot.network/docs/learn-parachains.
You can learn about Cosmos Zone-Hub - Peg Zone here:
blog.cosmos.network/the-internet-of-blockchains-how-cosmos-does-interoperability-starting-with-the-ethereum-peg-zone-8744d4d2bc3f.
As you know fees and transaction speeds will vary between assets. I’d recommend checking out blockchain explorer sites like: algoexplorer.io/. It’s best to DYOR as the crypto sphere is constantly changing.
We will certainly log your request to possibly make future content about all of these topics, and as always, if you have any additional questions, we’d love to dive deeper with you at support[@]exodus.com.
-BT
Like that wallet. THe rewards come in fast
hello is it good to hold algo in abra wallet?
I hold Algo in Coinbase
but why hasn't it caught on like Solana? still confused by that. Are there any negatives?
Algorand will hit $240 on the 3rd week of September.
Lol
its currently $1.8
If you are chosen to propose a new block, does that happen automatically? That part confuses me. Like, how do I choose which to propose?
Ok so my question is, how do we know FOR SURE that the consensus mechanism is truly random? How do we know that Algorand foundation is not ‘randomly’ choosing who they want to add to the block. Is this process transparent? Is it public? Just curious.
Hello. how are you doing
Just got a wallet should I use algo Wallet
algo booooooooom
If it always has interest, most people will have some small amount in their accounts.
actual content starts at 1:20
Watch the whole video bro lol
Algorand the real will go to the moon
interesting
Low transaction costs, speedy transaction speeds, co-chains. Pretty interesting to me
@Xavier Sanchez why is any coin better than XRP?
Aghora Nath idk lol
@@AghoraNath xrp is unique . Cross-border payments.
To the mooooonnnn
25$
Hello
Please help to me iwant to stake but icant
Algo stake to exuduse wallet
I'm from the future, algorand's $2
The algo has a low transfer fee and a very fast transferable infrastructure.
You need to help new people learn about how to actually buy and save crypto. I did download the Exodus wallet to my laptop but I have no idea how to even buy crypto. I been wanting to buy crypto for the past week but have not yet figured it out. I would rather just write my private key and public keys with pen and paper in a note pad and just store it in a safe deposit box. I do not even know what Exodus fees are? Is the wallet free?
What if you use Coinbase?
You can stake on Coinbase and it pays out daily.
So wtf is the difference between Algorand and Zilliqa?
So is Algorand’s cochain like Cosmos’s hub? What are the differences? Also, I love Exodus wallet.
ALGO's co-chains may share some similarities to Cosmos' hub, since both allow for other blockchain assets to be integrated on the network. The differences would come from the variations of the Proof of Stake protocols, and these differences may truly show themselves as these coins continue to grow and develop. -WR
Exodus Wallet wow, thank you for answering that!
You're most welcome😊-JE
When is algo gonna sky rocket ? Is it possible to hit 10€ ??
Exodus makes it super easy and expensive.
Thank you for your review and feedback! I'm sorry that you find the transactions to be expensive and we will be happy to look into this for you :) Send an e-mail to support[at]exodus.io for more information. -SR
Facts
Still don’t know wtf Algorand is
Can you claim your algorand rewards on coinbase...
Hey Frank! Thanks for dropping by. Coinbase will be the best to answer your question here :) -SY
Yes
Im done with algorand, I can't even figure out how to take it off the binance us exchange. Dosent work great with Ledger Nano x
Why not get an algo wallet?
Coinbase gave me algo
I had the same issue. You have to update the firmware of the ledger to transfer the Algorand.
CoinbAse takes care of that for you and this is another reason why we should boycott Binance
What does he say at the end ? Hold long? Or Hold the line?
Hi Jon! Here Kris says, "Hodl on" 😎
-BT
When will exodus be available in NY?
Hi there Bob, thanks for reaching out to us :)
Unfortunately, it is currently prohibited to exchange cryptocurrencies in various states of the United States, New York being one of them.
With that said, the restriction is only put in place for exchanging and purchasing cryptocurrencies. You are still completely free to use the Exodus wallet, or others, in order to store, send and receive crypto. I'm afraid that there is no way around this restriction - I'm very sorry for the bad news, Bob. -DK
@@exodus Coinbase and Cash operate in NY. Why can't exodus?
@@boboleary6607 - They blacklist competition?
Trustswap (Swap) is the new compound..... Up 130% in its first day listed.. Boom...
the more token one holds, the more likely it is to be chosen to vote.... isnt that a kind of centralization too??. the richer you are, the more important you are, if i got u right
That's a fair observation and a common critique among others. Indeed, it seems large stakeholders are favored. Most proof-of-stake coins work this way and do so to incentivize ownership. Keep in mind, that those large stakeholders also have the most to lose.
Keep in mind, Bitcoin and other similar proof-of-work coins are threatened by mining centralization and DO NOT give the coin holders any voting power. Proof-of-stake might be a step in the right, albeit not perfect.
What do you envision as a fairer system? +davey
@@exodus i don`t know... well said my friend.. thank you...
Im long on ALGO 4 SURE but only spot, NOT futures!
I'm totally with you Richard 😊 --cc
We all know there's a cat that loves lasagne. You know what I love? Money. GarfCoin is the next doge. Get in on this Garf Life before the dream takes off. We're gonna be Garfield millionaires. Garf Harder friends, invest in GarfCoin. Garf life babyyyy
What's Algorand total numbers of token in the blockchain, or public?
Go to coinmarketcap.com to find out buddy
Thank you👏👏
Tron staking please ;) @Exodus Wallet
Hi Jakub, We will take note of your request to have this added to the Exodus wallet! -WR
@Abdullah Rahman Yup but it allows you to earn some nice $ ;)
100$
Any Use Case for ALGO ?
Hi Johnny! Algorand is a business focused blockchain. The use case for business is access to a frictionless and borderless financial system - which enables access to untapped markets.
As for the ALGO token, it represents a stake in the Algorand network and is used as part of a system of incentives to further adoption of the Algorand blockchain.
You can find a long list of companies already using or planning to use Algorand for their operations here: www.algorand.com/use-cases
+davey
What’s the percentage of AlGO rewards?
Hello Victor, good question. ALGO currently offers 5.84 % APY which can be gained by staking ALGO in Exodus! -WR
Exodus Wallet that’s pretty good! Thank you. Love these coin explanation videos btw
We're glad to know you're enjoying things! -WR
What about Dapps?
Hi there, we do not support interacting with ALGO dApps inside the wallet yet. It is something we would love to do in the future. Your request for this has been documented. -SS
Does algorand support solidity?
Potentially Pankaj, yes. Knowing a high-level language like that is always useful 🧠 Smart contracts on Algo may not be primarily coded in solidity, but you can likely do it. -SL
think we will reach algos last all time high??
Why is it a bad coin? I was looking into it
same
ALGO will reach $100 soon
❤️🐂❤️
🤨
@@omgcyanide4642 🙌
Pure proof of stake > 1-3 are the same idea - nice Tron promo - differentiation of algorand layer 1 TEAL is lovely - I love how you crypto cowboys just wanted to make your games valid in the gen x hegemony, yes?
Hi, how are you doing
Hi. how are you doing
1$
Like a roaring lion
I think $1 by December 2020 is realistic. I always base my exit game low so I would realistically think Algo is capable of $10 the next 2 years. Get yourself 10k coins and hold until you reach the amount of money needed to pay off your debts.
@@Cabby-om2tv thanks brother will be uploading content soon. Based on crypto and politics as well as other topics music sports thanks
15 dollar end of the year buy now!!!!
Bought algo at $0.35
I guess Algo is trending toward being carbon negative now
Can u make a new video 2022 plz.
Hey there! Thanks for the interest 💯. I've logged your request with our content team. No promises, but stay tuned for more (ALGO) videos in the future 🚀 - BT
Dam i fucked up to late
Algorand = $40000 by 2023
You really believe that? On what basis? Im asking because i am really curious about your thoughts?
@@parakit11 No, just a wild hope. I heard Africa signed on to use algorand and 1 other crypto for majority of farming industry over the next couple years. Also heard that africa is set to be a new grow zone by 2030 so Im just hoping
@@TheClearviewer Thank you for taking your time to answer.
WOULD THIS BE A GOOD PURCHASE