A lot of critique against various blockchains seems solved with Algorand, including environmental damage, high fees for making transactions and slow block times. Thanks to the lightweight and cleverly designed consensus protocol, you can run nodes that participate in the consensus on just a Raspberry Pi if you want to.
On HN, the lack of enthusiasm for blockchain certainly has those factors.
It also has another factor that Algorand doesn't solve: no one has found a problem that blockchains uniquely solve (other than making cryptocurrencies).
There is debate about whether cryptocurrencies are useful or just a speculative market for gambling on useless digital assets, but even if you think cryptocurrencies are truly useful, Satoshi's underlying breakthrough isn't that novel or exciting anymore.
Algorand is great but the developer community has (almost completely) converged on Solidity and EVM as the dev platform of choice.
A lot of chains have made been made EVM compatible recently. Not sure if this is possible in Algorand yet. But I fear that any alternative will have a hard time.
> Algorand created the world’s first pure proof-of-stake foundational blockchain designed for the future of finance. Beyond the elementary requirement of an open, public network, Algorand’s technology enables a set of high performing Layer-1 blockchains that provide security, scalability, complete transaction finality, built in privacy, Co-Chains, and advanced smart contracts that are essential in a FutureFi world.
Crypto has a serious marketing/comms problem. I work in tech, have dabbled in crypto and I still do not understand what half of this means.
I like Algorand. It was the first blockchain I used without knowing it (https://chessarena.com/) use/used it for storing game results for official Online FIDE games.
[+] [-] capableweb|4 years ago|reply
- Algorand Consensus Protocol - https://news.ycombinator.com/item?id=24809391
A lot of critique against various blockchains seems solved with Algorand, including environmental damage, high fees for making transactions and slow block times. Thanks to the lightweight and cleverly designed consensus protocol, you can run nodes that participate in the consensus on just a Raspberry Pi if you want to.
[+] [-] smt88|4 years ago|reply
It also has another factor that Algorand doesn't solve: no one has found a problem that blockchains uniquely solve (other than making cryptocurrencies).
There is debate about whether cryptocurrencies are useful or just a speculative market for gambling on useless digital assets, but even if you think cryptocurrencies are truly useful, Satoshi's underlying breakthrough isn't that novel or exciting anymore.
[+] [-] kranke155|4 years ago|reply
A lot of chains have made been made EVM compatible recently. Not sure if this is possible in Algorand yet. But I fear that any alternative will have a hard time.
[+] [-] mbesto|4 years ago|reply
Crypto has a serious marketing/comms problem. I work in tech, have dabbled in crypto and I still do not understand what half of this means.
[+] [-] emerged|4 years ago|reply
[+] [-] exdsq|4 years ago|reply
[+] [-] penisverse|4 years ago|reply
[+] [-] kayamon|4 years ago|reply