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Best Resources about Algorand Trilemma


Best Resources about Algorand Trilemma

How does Algorand solve the blockchain trilemma?

Algorand solves the blockchain trilemma due to its unique consus mechanism pure proof of stake (PPoS). PPoS, through it’s cryptographically fair, and cheap, lottery, enables the Algorand blockchain to be secure and scalable, while at the same time being decentralized, thus solving the blockchain trilemma.

What is the blockchain trilemma?

The blockchain trilemma refers to the problem that a blockchain can not achieve decentralization, scalability and security all at the same time. Only two of the properties can be present, always at the expense of the third. Can PoW solve the blockchain trilemma?

Is Algorand (Algo) proof-of-stake?

Launched mid 2019, Algorand (ALGO) has its own dedicated blockchain and does not concern a token. It uses an adapted version of Proof-of-Stake (PoS) which is called Pure Proof-of-Stake (PPoS) for validating blocks into its chain, seeing it as a solution to the Blockchain Trilemma. Let’s take a closer look at this concept.

What is the most important aspect of Algorand?

The only question is who or what system we trust to ensure the random selection? This is the most important aspect of Algorand, as it solves the trilemma by employing a novel Pure Proof of Stake (PPoS) consensus algorithm. Micali explained how the system works:

Algorand Trilemma

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