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In this #FinancialFox episode, Steffy speaks with John Woods, Chief Technology Officer at Algorand Foundation. Founded by Turing Award–winning cryptographer Silvio Micali, Algorand’s high–performing Layer-1 blockchain is unparalleled for bringing fast, frictionless, and inclusive technologies to everyone.
Here they discuss the Blockchain Trilemma – Selecting Trade Offs between Scalability, Security and Decentralisation; Distinction between Cardano and Algorand’s Proof-of-stake model; Why Algorand considers the element of sustainability and is called the Green Blockchain; Main use case of Algorand and the multi chain future.
Tune in now 🙂
TIME STAMPS:
00:00 – Intro
00:46 – Introduction to John Woods and Algorand
06:35 – The Blockchain Trilemma
08:00 – Scalabilty, Security or Decentralisation – What’s the priority ?
13:27 – Proof Of Stake ( Cardano vs Algorand ) – What’s the difference ?
16:40 – Green Blockchain – Element of Sustainability
21:20 – Do transactions get congested on Algorand ?
22:30 – Main use case of Algorand
26:35 – FIFA and recent deals & partnerships
28:40 – Interoperability and the multi chain future
33:50 – Does Algorand use a bridge ?
35:10 – Outro
35:40 – How to get in touch ?
Follow Steffy: https://twitter.com/stefixy
Follow John: https://twitter.com/JohnAlanWoods
Follow Algorand Foundation: https://twitter.com/AlgoFoundation
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
#Algorand #Cardano #Blockchain
