ALGORAND - Against BTC staking staking & staking
Algorand (ALGO)’s main aim is to drive low-cost cross-border payments. Being a PoS protocol, the network needs stakers for security and transaction processing. Unlike Tezos, it uses the pure proof-of-stake (PPoS) consensus mechanism. However, it still requires stakers to run full nodes.
Furthermore, there are third parties who support ALGO delegation. Staking rewards on these networks range between five and ten percent annually. Note that the rewards are influenced by the platform used. For example, those using Binance Staking enjoy an APY (annual percentage yield) of 8%.
Rank #20
Coin
On 373,858 watchlists
Algorand Price (ALGO)
$1.86
0.93%
0.00003045 BTC1.30%
0.0004137 ETH0.54%
