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Why Algorand Is the Best Cryptocurrency

Nick Sokol, PhD
3 min readJun 23, 2021

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Flexible, Affordable, Infinite Potential, Top Tier Technology

Algorand. The world’s greatest crypto. Photo from Algorand Website.

Algorand is the most legit, authentic, realistic, and practical cryptocurrency to invest in. There are so many aspects of this cryptocurrency that many do not realize actually places it leagues above other crypto. From both a use case, third party defi applications, and programming ease, Algorand is clearly a champion amongst crypto-currencies. Allow me to explain why.

Algorand is Easy

Seriously, the whole crypto is just way too easy to deal with. Algorand has its own wallet you can install on your computer (using myAlgoWallet) or your phone (Algorand Wallet) it is also supported by hard wallets such as ledger or trazor. It is listed on every exchange (coinbase, binance, crypto.com, etc), and it has a realistic supply for it to become widely used and widely adapted (10 billion Algos).

Staking with Algorand is a No-Brainer

Seriously, unlike other crypto-currencies such as Cardano, Tezos, Cosmos, and others, there is no need to “stake” your coins in a pool to earn rewards. For example, with Cosmos when you stake your coins you basically commit them to an interest earning pool for until you unbond your coins from the pool, which takes 20 days. With Algorand, you stake by having at…

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Nick Sokol, PhD
Nick Sokol, PhD

Written by Nick Sokol, PhD

I write about Sustainability, ClimateTech, Entrepreneurialism, Technology, and Software Engineering.

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