Algorand (ALGO) is the Proof of Stake foundational blockchain focused on the future of finance. Algorand partners are very unique in understanding what they do.

This is one of those DeFi projects that have a lot of opportunity to work in the DeFi space and many other applications outside of decentralized finance. So a lot is happening with Algorand in general.

In terms of price, it has a long way to go, but things are beginning to change. There is not much price action, but it is getting ready for some very interesting activity.

Pointing to layer-1 platforms, Silvio Micali expressed:  “Without decentralization, we remain in the financial system that already exists today: exclusive and secretive.”

What is happening in the Algorand Ecosystem?  Worth checking in to Layer-1 Platforms: A Framework for Comparison.

Algorand and the Algorand Foundation commissioned this block research to create Layer-1 platforms. This framework for comparison looks under the hood of other platforms like Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.

The paper has assessed the technical design, data from the ecosystem, qualitative factors like key ecosystem members to get an understanding of how they differ ultimately. This analysis provides a clear insight into what the broader smart contract landscape might look like.

Introducing AlgoBets, which is a serverless wagering Dapp on Algorand, is the new excitement in the ecosystem.  This is a unique solution that facilitates a front-end to back-end example that uses smart contracts, deployment scripts, Vue.js user interface, and integration with AlgoSigner.

Community Pessimism:  Regarding coin decentralization and distribution, ALGO is doing poorly compared to its competitors in the paper. Defi is non-existent, so it couldn’t even be compared. What’s the foundation doing to mitigate this?

Community Optimism:  I think everyone who is complaining about Tokenomics is stressing short-term price gains versus long-term sustainability. Algorand is building a foundation for the future, and they are not trying to make the coin prices pop off for Twitter.

I’m optimistic the ecosystem will evolve with the upcoming projects in Q3/Q4 2021.  Yieldly Finance Algodex Official. Tiny man org, Zest Bloom, Opulous app, Algomint_io, Venue Markets, Smile Coin US all quality projects for Q3/Q4 + Algorand decentralized governance + 46.000 finalized TPS with 2.5-sec block finality will be excellent for patient Algorand community.

After going through the paper, one of the users stated, fair enough. I expect the growth of ALGO in 4Q and am currently accumulating. The good thing is that it will grow fast in a couple of months, and the rewards I receive now will grow together with my basic asset quantity.