Which network does Algorand operate on?

3 answers

• Apr 30, 2022 · 3 years ago
  Algorand operates on its own blockchain network, which is based on a pure proof-of-stake (PoS) consensus algorithm. This means that instead of relying on miners to validate transactions, the network uses a decentralized group of validators who are selected based on their stake in the network. This consensus mechanism ensures that the network is secure, scalable, and energy-efficient.
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• Apr 30, 2022 · 3 years ago
  The network that Algorand operates on is known as the Algorand blockchain. It is a permissionless blockchain, which means that anyone can participate in the network as a validator. The blockchain uses a Byzantine Agreement protocol to achieve consensus, ensuring that all transactions are validated and added to the blockchain in a secure and decentralized manner.
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• Apr 30, 2022 · 3 years ago
  Algorand operates on its own blockchain network, which is designed to provide fast and secure transactions. The network uses a unique consensus algorithm called Pure Proof of Stake (PPoS), which ensures that the validators are randomly selected based on their stake in the network. This algorithm eliminates the need for energy-intensive mining and allows for quick transaction finality.
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