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Algorand
#1
Algorand was created by a highly respected cryptography professional from MIT, and is supported with a world-class team of research scientists, business and marketing professionals. While this obviously brings high expectations for the project, thus far the team has delivered excellent results.

The token got off to a great start with the June 2019 Dutch auction, although it has fallen significantly from its ICO price. Time will tell how well the token holds up as the Algorand team plans on auctioning off 600 million ALGO tokens per year until the entire 10 billion token supply has been released.
The mainnet has launched with an impressive 1,000 transactions per second, and that has allowed the team to create some strong partnerships, with others in the finance and real estate industries in the works. That shows there is actual real-world demand for the product offering of Algorand.
Algorand has already improved the blockchain landscape through its technological developments, and it now looks to further improvements through its recovery mechanism for network partition attacks, which is a groundbreaking method for making it economically unfeasible for an attacker to disrupt the network for any appreciable amount of time.
Algorand has been impressive in their speed of development, and in the lack of significant bugs. The mainnet launched very quickly, and the code base, which was only recently released, has been deemed to be well documented and obviously from a serious and professional development team.
At this point, Algorand appears to be both technically and commercially positioned to be a success in the blockchain space. Of course, it remains quite early in the development of this industry, but this is one project that bears watching going forward.

You can run 2 kind of nodes: relay nodes, and non-relay nodes. Relay nodes are primarily used for communication routing to a set of connected non-relay nodes. Relay nodes communicate with other relay nodes and route blocks to all connected non-relay nodes. Non-relay nodes only connect to relay nodes and can also participate in consensus. Non-relay nodes may connect to several relay nodes but never connect to another non-relay node.

Staking is also possible.

www.algorand.com

https://algorand.foundation

[/url][url=https://boxmining.com/algorand/]https://boxmining.com/algorand/

What is this thing that builds our dreams, yet slips away from us?

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#2
Do you know how it compares in speed to Xrp?
Cardano is the most promising 3 gen. crypto right now.


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#3
(2020-02-23, 09:47 AM)Carsten Wrote: Do you know how it compares in speed to Xrp?

At this moment 1000 transactions per second with a latency of 5 sec.
Not bad and will be improved I suppose.

Visa is about 17000 transactions per second
BTC about 7 transactions per second
What is this thing that builds our dreams, yet slips away from us?

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#4
Maybe some amongst us could be interested in running an algorand node.
The cool thing about running this kind of node is that you don't need a minimum of collateral investment.
Lots of nodes need a colleteral of many hundreds or even thousands of dollars before being able to run the node.
With algorand 1 token is enough to run it.
So if someone is interested, we could build it and set it up somewhere on a server. The only investment needed is renting server and a small amount of ALGO tokens.
To be calculated for break even results.

https://developer.algorand.org/docs/run-...tup/types/

Even staking is realy easy.
In most cases you need to keep your wallet open to stake.
With Algorand, just having the tokens in yor wallet is enough to get staking awards.
No need to have you wallet open, online and in staking mode.
https://wallet.myalgo.com/access
or some other mobile wallets.
What is this thing that builds our dreams, yet slips away from us?

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#5
(2020-02-23, 02:56 PM)Hugues Wrote: Maybe some amongst us could be interested in running an algorand node.
The cool thing about running this kind of node is that you don't need a minimum of collateral investment.
Lots of nodes need a colleteral of many hundreds or even thousands of dollars before being able to run the node.
With algorand 1 token is enough to run it.
So if someone is interested, we could build it and set it up somewhere on a server. The only investment needed is renting server and a small amount of ALGO tokens.
To be calculated for break even results.

https://developer.algorand.org/docs/run-...tup/types/

Even staking is realy easy.
In most cases you need to keep your wallet open to stake.
With Algorand, just having the tokens in yor wallet is enough to get staking awards.
No need to have you wallet open, online and in staking mode.
https://wallet.myalgo.com/access
or some other mobile wallets.

Do you know what return is to be expected?
Cardano is the most promising 3 gen. crypto right now.


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#6
(2020-02-23, 05:07 PM)Carsten Wrote:
(2020-02-23, 02:56 PM)Hugues Wrote: Maybe some amongst us could be interested in running an algorand node.
The cool thing about running this kind of node is that you don't need a minimum of collateral investment.
Lots of nodes need a colleteral of many hundreds or even thousands of dollars before being able to run the node.
With algorand 1 token is enough to run it.
So if someone is interested, we could build it and set it up somewhere on a server. The only investment needed is renting server and a small amount of ALGO tokens.
To be calculated for break even results.

https://developer.algorand.org/docs/run-...tup/types/

Even staking is realy easy.
In most cases you need to keep your wallet open to stake.
With Algorand, just having the tokens in yor wallet is enough to get staking awards.
No need to have you wallet open, online and in staking mode.
https://wallet.myalgo.com/access
or some other mobile wallets.

Do you know what return is to be expected?

Just a bit more than 15%.
That's realy a lot.
It doubles you capital in 5 years.
When it is in bullish period it will be faster.
What is this thing that builds our dreams, yet slips away from us?

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#7
okay but if you don't have any algo's for start then 15% of 0 is still 0.....

Sounds like we should set up a server for this. Typically hosting costs $10-$40 a month for a cloud vps. I like UpCloud because you can configure as you like https://hub.upcloud.com/deploy
Cardano is the most promising 3 gen. crypto right now.


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#8
(2020-02-23, 07:02 PM)Carsten Wrote: okay but if you don't have any algo's for start then 15% of 0 is still 0.....

Sounds like we should set up a server for this. Typically hosting costs $10-$40 a month for a cloud vps. I like UpCloud because you can configure as you like https://hub.upcloud.com/deploy

We don't even need the most expensive because it does not need powerful computers.
Yes of course, 15% of 0 remains 0.
So we have to calculate the needed amount of collateral to be break even.
What is this thing that builds our dreams, yet slips away from us?

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#9
(2020-02-23, 07:27 PM)Hugues Wrote:
(2020-02-23, 07:02 PM)Carsten Wrote: okay but if you don't have any algo's for start then 15% of 0 is still 0.....

Sounds like we should set up a server for this. Typically hosting costs $10-$40 a month for a cloud vps. I like UpCloud because you can configure as you like https://hub.upcloud.com/deploy

We con't even need the most expesive because it does not need powerful computers.
Yes of course, 15% of 0 remains 0.
So we have to calculate the needed amount of collateral to be break even.

If you can calculate the return and figure out if it's worth the trouble then I can setup the server.
Cardano is the most promising 3 gen. crypto right now.


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#10
(2020-02-24, 10:19 AM)Carsten Wrote:
(2020-02-23, 07:27 PM)Hugues Wrote:
(2020-02-23, 07:02 PM)Carsten Wrote: okay but if you don't have any algo's for start then 15% of 0 is still 0.....

Sounds like we should set up a server for this. Typically hosting costs $10-$40 a month for a cloud vps. I like UpCloud because you can configure as you like https://hub.upcloud.com/deploy

We don't even need the most expensive because it does not need powerful computers.
Yes of course, 15% of 0 remains 0.
So we have to calculate the needed amount of collateral to be break even.

If you can calculate the return and figure out if it's worth the trouble then I can setup the server.
Ok.I will see if I find some time during the evening. But I need the cost for the cloudservice.
What is this thing that builds our dreams, yet slips away from us?

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