<ul><li>Algorand blockchain protocol was launched in 2019 to address the blockchain trilemma and focuses on scalability.</li><li>Algorand offers high performance, instant transaction finality, low gas fees, and high network throughput.</li><li>It utilizes a Pure Proof of Stake consensus mechanism for faster and more efficient transactions.</li><li>Algorand was created by Silvio Micali to improve speed, decentralization, and security in blockchain.</li><li>Algorand can process almost 10,000 transactions per second with low costs, supporting DeFi and NFTs.</li><li>The blockchain trilemma problem is tackled by Algorand, offering faster transactions at reduced costs.</li><li>Algorand's security is enhanced with its unique consensus approach and decentralization principles.</li><li>The ALGO token in Algorand ecosystem is used for gas fees, governance, staking, and project funding.</li><li>Distinctive features of Algorand include its scalable consensus mechanism and decentralization principles.</li><li>Limitations of Algorand include weak growth in DeFi ecosystem and lack of compatibility with Ethereum Virtual Machine.</li></ul>

A Beginner’s Guide to Algorand (ALGO) Blockchain

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