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ALGBTC trade ideas

ALGOBTCTechnical: -Price shows compression. -Bull wedge -ABCDE pattern. Fundamentals: What is Algorand blockchain network is : Algorand has its own official native cryptocurrency, called the Algo, to drive the borderless economy and the system of incentives. The Foundation holds Algos to contribute to the stability of the Algorand blockchain, to incentivize network participation, and to support the Algorand community, ecosystem building, and research. The Algos enter the ecosystem via various channels including development and research grants, participation rewards, and sales. All such activities are disclosed with full transparency to the Algorand community. Algorand Technology: Algorand utilizes a Pure Proof of Stake, where validators are not rewarded nor are they at risk of being slashed. It becomes impossible for the minority to cheat and irrational for the majority to cheat the system as it would devalue their holdings. There is also no locking of tokens so a user has their tokens available at all time. Blocks are created in two phases where a single token is selected randomly and its owner proposes the next block. Subsequently, 1000 random tokens are selected with their owners then approving the block proposed by the first user. These phases are ensured by the core protocol called Binary Byzantine Agreement, or Byzantine Agreement ★ (‘Star’), encompassing the following advancements: Cryptographic sortition (self-selection) To prevent an adversary from targeting committee members, BA★ uses verifiable random functions (VRFs) to randomly select committee members in a private and non-interactive way. Participant replaceability. BA★ mitigates adversary targeting a committee member by requiring committee members to speak just once, thus becoming irrelevant to BA★. Experimental results running on 1,000 Amazon EC2 VMs demonstrate that Algorand can: Confirm a 1 MByte block of transactions in ~22 seconds with 50,000 users Latency remains nearly constant when scaling to half a million users Achieve 125X the transaction throughput of Bitcoin Achieve acceptable latency even in the presence of actively malicious users. A test network for the protocol was launched in July 2018, and the first open-source code was released on Github in October 2018. As such, Algorand encourages anyone to audit its version of the VRF, forked, and extended from the libsodium cryptographic library. We set : invalidation point at : 0.00003621 ALGO/BTC Actual price near : 0.00004092 ALG/OBTC Target Expected at : 0.00006851 ALGO/BTC for TP1 0.00008100 ALGO/BTC for TP2. Aprox return expected target(%) : 65% for TP1 95% for TP2 (counting TP1+TP2)
Long
by Softpips
ALGO/BITCOIN ABOUT TO DO ITS THING? — 100DAYS OF TA, DAY 73Time Frame: Daily, 4Hour, and Hourly Hi guys, Welcome back! Day 73 of the 100 Days of TA is here! Today's spotlight is on ALGORAND (ALGOBTC). I talked about the next direction of ALGORAND and the whys. I showed some setups here, what usually happens and what would happen. Have fun watching today's video! If you think there's something I should add or maybe there's any coin you have your eyes on? You can drop in the comment section. Always remember that this is Technical Analysis and it's a game of probabilities. Thanks for coming today! See you tomorrow!
Long
by Pearlumie
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