Pure Proof of Stake:
That is Algorand’s consensus protocol. The consensus protocol is how all of the nodes on the community attain an settlement about what’s saved in every block. Older blockchains use the proof of labor mannequin, and whenever you take care of the blockchain trilemma, it isn’t the quickest or most scalable. Transactions can take as much as an hour, requiring a number of confirmations to be thought of finalized. Algorand’s pure proof of stake mannequin solves this problem. It’s scalable, un-fork ready, all whereas offering immediate confirmations. By merely holding Algorand, you obtain staking rewards. It is so simple as that.
Algorand is verified un-fork ready:
Algorand won’t ever fork. It cannot occur. Because of this transactions are remaining and might by no means be reversed. Just one block at a time could be confirmed, so the transactions are immediately remaining.
