Algorand and the Blockchain Trilemmaby@blocksadvisors
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Algorand and the Blockchain Trilemma

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Bitcoin’s resource heavy Proof of Work (POW) protocol has not managed to scale nearly enough to be used as a medium of exchange and is now centralized in many aspects. The resulting centralization can in turn have security implications as it creates single points of failures. Algorand uses game theory in a completely different way to incentivise its users as opposed to only reward those who generate the next block in the chain.

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