Where to find info about the Algorand distribution fund current holdings ? Here it reads 2.5B in 2019 https://cryptoslate.com/algorand-token-sale-implies-6-billion-market-cap/
Does anyone has info when they sell on the open market each time ?
Hey guys! I've recently been getting into algorand and I'm super pumped by the project! However, I have some hopefully quick clarification questions about the ALGO token. I'll list them here, I couldn't find literature on them but I'm sure the information exists.
The goal of this post is to provide public data on Algorand relay nodes. I am not affiliated with Algorand or any Algorand partners. The post is purely informative.
There are currently up to 100 Algorand relay nodes. Their details are public, but difficult to view without technical knowledge. I have acquired these data by resolving the SRV record for the Algorand mainnet. One function of relay nodes is that they are used to bootstrap your Algorand client when it first starts.
Any software part of a distributed system must first determine what to connect to. Algorand relies on special DNS queries that look for service records for the Algorand network name. In this case, the domain is "mainnet.algorand.network" and the service is "algobootstrap".
Using the "dig" software, you can run the following command to obtain the TARGETs in Table 1:
You can then resolve each target with "dig", or a "whois" tool. Domains map to IP addresses, and resolving them will yield different information.
Assumption: all TARGETs map to distinct relay nodes.
Relay nodes grouped by domain. Each SRV record was resolved, the results were deduplicated and counted by domain where present. Several entries did not have a domain associated with them.
Not a crypto expert, and I kind of understand the concept that I don’t actually OWN the algos that I have in coinbase... I think.
Also what is the interest rate in the official wallet vs. coinbase? I know CB is 6% rn, but I can’t find the Algorand Wallets official numbers.
If anyone could enlighten me that would be great. ?✋
AVAX is often mentioned together with ALGO. They both both seem to have good tech but some say AVAX is even better. What do you think?
I recently just became an ambassador but never got the slack invite in my email to send to documents over. Is there someone here that can help with that?
I am new to the Algo community and just recently began investing. I'm curious if you get better Algo staking rewards by holding it in Coinbase (6% APY) or to transfer them into the Coinbase wallet? Or is there an even better place to store them?
I'm a huge fan of the compound interest aspect of this crypto, though I'm a little skeptical about the rewards I've been receiving. Coinbase claims to offer 6% APY; is that everyday? Do they take out some of my rewards to keep for themselves? I don't feel like the numbers add up to 6% a day in my rewards. When I do the math I'm only receiving 0.015% per day in rewards. Am I missing something?
I'm no blockchain expert by any means, just some hobbyist. I've come across Algorand just a few days ago and was immediately intrigued. Traditional PoW based blockchains always seemed so pointless with its inability to scale, and there's this magical thing that can have all of scalability, security, and decentralization. Wow!
So my understanding is that to add a new block to the chain, a single proposer is selected, who then proposes a new block, then 1000 others join in to vote whether the block seems good or not. Based on the probability mathematics and disincentive to act maliciously when you hold a majority stake, I don't have a problem believing that the majority of the participants would behave in good faith. My problem is with the information these participants are basing their decisions upon.
As a participant node you're buffering up transactions that should go on subsequent blocks, and trying to achieve consensus on those transactions, right? How do you know that the stream of pending transactions you receive are legitimate? Are we just betting that it would be very difficult to flood a majority of participant nodes with fraudulent transactions? Actually, aren't participant nodes only receiving data from relay nodes, of which much fewer exist, and the bad actor only needs to target the relay nodes?
But wait what are fraudulent transactions anyway? You can't steal money from someone's wallet unless you have their private key to sign the transaction with. Perhaps the threat we should be worried about is the problem of double spending. But is that even possible if forking is impossible? Ok, forget about trying to score some ALGOs at all. Place some bearish bets on ALGO through external means (e.g., short it on a crypto exchange) launch a network attack flooding relay nodes with all kinds of conflicting transactions, preventing consensus and grinding the block progression down to a halt. ALGO becomes unusable, confidence shattered, value drops, bearish bet makes money...?
Similarly how do we prevent indirect ways of benefiting from disabling transactions in this manner? Say in the future some industry makes wide use of ALGOs to do their trade, and some parties not onboard the ALGO network that stands to benefit from disabling that industry mounts an attack on ALGO.
What am I even trying to say; my brain is imploding. TL;DR, point me to some good reads to get my shit straight. Is there some easy digest on what exactly the security problems Algorand is aiming to solve are and how they are achieving it?
But if I could give you guys some piece of advice please update your Insta Account.. It looks like a middleschool class is running your account. (No Offense)
Have a great day, Algo to the moon :D
Instimatch Global, the award-winning digital platform for institutional short-term money market trading, and Algorand announced today that they are working together to disrupt the regulated payment networks with advanced solutions powered by blockchain.
The Instimatch Platform’s global network offers a more effective workflow, better pricing and the potential to diversify counterparty risk by linking borrowers with lenders digitally. The collaboration with Algorand will add a spectrum of new features and offerings focused on payments, Islamic banking and RegTech.
This week the largest regulating body of banks in the U.S., The Office of the Comptroller of the Currency, issued forward looking interpretive guidance that clearly states US Banks may participate in node technology such as Algorand's, as well as use the technology’s related stablecoins, to create the necessary settlement infrastructure of the future—one that is secure, fast, and final.
Algorand COO, Sean Ford shares his thoughts on their new guidance and how Algorand’s technology supports this evolution: https://www.algorand.com/resources/blog/usoccs-recent-breakthrough-announcement
Hi quite new to crypto, never really got into it but recently with The Graph coming out and Stellar Lumens getting the Ukraine contract I’ve invested in both but I’m looking for more info on Algo but not really getting much, might be looking in the wrong places as I’m quite new.
Wondering what does this sub think of the future of Algo and how it will go in 2021. Any info appreciated.
Chris Peikert, a world leader in lattice-based and post-quantum cryptography, joins the Algorand team to advance several projects that further improve Algorand’s functionality and performance.
How high can Algo price go? In my opinion it should already be at 2 - 3$. But it could go up to 5 - 6 $ too. What is your opinion?
I just started investing in crypto with Bitcoin, and when researching other currencies to invest in Algorand jumped out to me because of its strong leadership team and the ability to stake the coins for passive returns
Just wanted to make sure I am doing understanding the potential gains/losses with holding Algorand, so if someone could confirm my math below that would be super helpful!
Let’s say I invest $400 into Algorand at a price of $0.40 today. I would have 1000 coins (ignoring transaction fees for this math). I currently see Coinbase quoting 6% APY for staking (I know there are other ways to stake to get 7%+ returns but let’s go with 6% for now). In a year I could have 1060 coins. If the price of Algorand rises to $0.5 then my investment is now worth $530, a return of 32.5% in a year. If the price falls to $0.2, then my value in 1 year would be $212, a loss of 47%.
Am I understanding that correctly?
Follow up question: I understand that the APY offered by staking is subject to market conditions like number of people staking and the need for staking. How volatile is this APY? Is it likely to stay at 6% or could it drop to let’s say 2% in a number of weeks?
I know these are super basic questions but just trying to learn as much as I can before investing. Thank you!
Why do you think algorands competitors like cardano and tezos have reached the top 10 while $algo struggles at #50 and only topped around #30?
The tech is fantastic, the ecosystem has matured enough (lots of wallets, exchanges, on-chain stable coins, smart contract languages, staking support etc. ) pretty much everything seems lined up for a huge run but it just doesn’t move. Is it because of the tokenomics, the kinda soulless community or is it something else (clueless VCs, price manipulation etc. )?