Classifying Algorand according to the International Classification Framework (ITC)

The Blockchain Trilemma

The Blockchain Trilemma: (1) decentralization, (2) security, (3) scalability.
Figure 1: The Blockchain Trilemma (source: www.ledger.com)

Current consensus mechanisms

Pure Proof of Stake (PPoS)

Smart Contracts on Algorand

The classification of ALGO according to the ITC:

Figure 2: The ALGO Tokenbase entry (source: https://itin.itsa.global/RQQPZH3R1)

The International Token Standardization Association (ITSA) e.V.

Remarks

Algorand cover photo

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store