The technical advantages of $ALGO ALGO coin are supported by the following specific data:
Scalability: Algorand uses sharding technology (blockchain fragmentation) to divide the network into multiple sub-chains (shards) to process transactions in parallel and significantly increase throughput. Its TPS (transactions per second) is 125 times that of Bitcoin, showing excellent scalability.
Transaction speed: Thanks to the Pure Proof-of-Stake (PPoS) consensus protocol, ALGO Coin can process transactions at extremely fast speeds.
Security: Algorand uses advanced cryptography techniques such as multi-party computation (MPC) to ensure network security. Its Byzantine Fault Tolerance (BFT) mechanism ensures the security and availability of the network in the presence of malicious actors.
Low transaction fees: Algorand’s transaction fees are very low, typically a few cents per transaction, providing users with a cost-effective trading experience.
These data support show that ALGO currency has significant technical advantages and provides users and developers with an efficient, secure and scalable blockchain platform.