Algo Fang

Top Quantum-Resistant Coins By M-Cap ➡️The quantum-resistant #crypto sector is valued at $5.93B, with $ZEC dominating almost 89% of the market at $5.29B. ➡️Smaller players like $STRK, $QRL, qubic-network:native, and others are gaining traction in the growing post-quantum security space. #CoinPedia #Crypto #Blockchain #CryptoMarket #Layer2

Everyone here should definitely be paying way more attention to $ALGO! Algorand is one of the very few chains (L1/L2) perfectly positioned for ALL the next big crypto narratives. Here's my top 4! 👇🧵

I lost everything when I forgot my seed phrase. Write it down, folks. #onchain

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You know you're in a bear market again when crypto CEOs are dubbed as "enemy number one."

Algorand is positioned for Real World Asset Adoption. Why? - Entire ecosystem built out for RWA such as @lofty_ai - $USDC stablecoin is primary TVL contributor, which is heavily supported by @coinbase - Moved to USA 🇺🇸 - Clarity Act Legislation clearing the path In my opinion, @AlgoFoundation is positioning themself perfectly for RWA adoption and the move to America and the relation to USDC should not be overlooked. What do YOU think about $ALGO? 👇👇👇

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🚨 JUST IN: @AlgoFoundation just processed nearly 1M transactions in a single day That's Algorand's strongest throughput in over a month 📊 chainspect.app/chain/algoran…

🚨 Algorand is featured in @UNDP's blockchain practice snapshot, showcasing real-world public sector use cases! It highlights @UNDP x @wholechain piloting traceability systems built on $ALGO in North Macedonia and Sudan! 🇲🇰🇸🇩 MASSIVE proof of Algorand's real-world impact! 🧵👇

Algorand CMO Marc V talks ZK and quantum on the Algo chain. Can your blockchain do that?

A lot of noise these past few days! 😅 The way I see it, discussions like this are nothing but positive for $ALGO. They show that this is a mature chain, one where we can address important topics instead of sweeping them under the rug. "Algorand is the adult in the room" Tbh, I'm actually glad these conversations are happening, because nothing matters more than the long-term sustainability and security of the chain. And I genuinely believe this could lead to something very positive for $ALGO! 🫡 I'm also not surprised that @AlgoFoundation is exploring different options for its position paper, whatever they may be, I actually think it's a good thing. But the massive difference between a centralized chain (and there are many) and a decentralized one like Algorand is that the community actually has a say. @AlgoFoundation's stake is now below 20% (and ~40% if they staked absolutely everything, which is highly unlikely), while any protocol upgrade requires 90% approval from the stake. That means the community has a HUGE margin of control. Let's be clear: nothing will pass without the community's approval! So I really don't get why so many people are afraid. Whatever ends up being implemented will have been decided by the community, not by AF alone. I could name other examples where uncapping was done without any real community consultation. But we're lucky to be on a decentralized network like $ALGO, where the community actually has real decision-making power. Any one of us can be a node runner and directly approve or reject anything that doesn't feel right. And believe me, that's rare enough in web3 to be worth highlighting! 😆 Now, regarding uncapping, I'm clearly not a fan, even if it's only for validator rewards. Not because it's fundamentally a bad idea (many chains have done it successfully), but because it would likely harm the chain's image, especially in the short term. But IMO, despite all our personal sensitivities, we need to stay pragmatic. What truly matters is the long-term sustainability and security of the chain, nothing else. Priority number one should still be to attract and support high on-chain activity projects. With just 3 or 4 projects generating the level of activity TravelX had a few months ago, we probably wouldn't even be having this debate! IMO, increasing fees is also a very obvious option. Fees on $ALGO are unnecessarily low for a network this performant, with so many native features and offering post-quantum resistance. Quality and security at this scale have to be paid for! 🔥 If fees were raised by x50 (0.05 ALGO/tx, ~$0.006 at current price), Algorand would instantly become one of the top 7 L1s in terms of revenue, even with the current minimal on-chain activity. Over the last 90 days, $ALGO generated only $23k. With higher fees, that number would easily exceed $1M, which could translate to roughly ~3.5 $ALGO in validator rewards per block. And if we also assume the network grows on-chain activity by at least 15%/year (very realistic) and that $ALGO price action improves (also very realistic), it becomes even more compelling. Add a structured (and well-designed) MEV system on top, and validator rewards could increase significantly! The obvious downside is reduced suitability for micro-transactions, which is still an important market IMO. That's why (and I'm not sure how feasible it is tbh), a dynamic fee system proportional to the amount transferred might be the ideal solution. It's also worth remembering that a year ago, there were no staking rewards at all on Algorand, and according to @silviomicali's original philosophy, there weren't supposed to be any: participants were expected to secure the network out of mutual interest, not incentives. I've always liked that philosophy, but reality showed that network security was too dependent on AF. Even without AF's staking program (which has been a huge success, btw), we would be facing the exact same situation today, as long-term sustainability measures would still be needed! I still believe Silvio's philosophy is the right one. But I also believe validator rewards are important, not to make running a node highly profitable, but simply to ensure validators aren't operating at a loss. Running a node on Algorand is cheap, but not free. IMO, rewards don't need to be extremely attractive, minimal incentives are more than enough to keep the network secure. We currently have ~1,600 validators, and even if that number dropped to 700/800 due to low profitability, it would still be excellent, and far above most other chains. I'm convinced we could maintain a solid % of the circulating supply staked even with minimal rewards. That's why I believe that uncapping the supply to issue new tokens isn't necessarily needed, and that a few adjustments could be enough. Tbh, I really think the situation is far less "dramatic" than many people might think. Many forget that Algorand's long-term goal is to become a fully decentralized network that no longer depends on AF. The real question is: are we ready for that? Clearly not. I also see many people blaming AF but proposing nothing in return. @AlgoFoundation is not Algorand. And tbh, they've done a lot of work these past years to put more power in the hands of the community (xGov, P2P…) and to prepare a transition toward a community-led network. Even if it still feels insufficient, I haven't seen this kind of effort from any other foundation. Imagine not being bullish when we might be seeing something genuinely unique, maybe the only major L1 (along with $ADA, which deserves credit!) that's actually led by its community! Personally, I'm a big fan of Monero (just like @JohnAlanWoods 🐐), and I'd love to see Algorand follow a similar path. On $XMR, if the community wants something (an integration, marketing, a new tool…), the community funds it 100% through donations. The devs and contributors coordinate through regular public calls, and everyone pulls in the same direction. No foundation, no central entity holding power, mining is barely profitable, and yet the network works extremely well and keeps improving! We should also remember that we're in a bubble on X. Algorand users are NOT just the people tweeting about it. $ALGO is far bigger than that! Most people have absolutely no idea how many non-web3 users interact with the chain every single day. As @d13_co (🐐) said a few months ago, maybe it's also time for the community to organize itself and try to create a real counterbalance to AF. Nothing should depend entirely on a foundation, and its influence is only as strong as we collectively allow it to be. Many people want decentralization, but not everyone is always ready to make the effort that comes with it! 🫡