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> Algorand created the world’s first pure proof-of-stake foundational blockchain designed for the future of finance. Beyond the elementary requirement of an ope

by mbesto 5y ago

> 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.

emerged 5y ago
That’s because it doesn’t mean much of anything really. It’s jargon intended to appear meaningful.
- capableweb 5y ago
  Could you share what specific parts of that statement you don't understand? Here is a short glossary: - Pure Proof of Stake - https://www.algorand.com/technology/pure-proof-of-stake https://www.algorand.com/technology/pure-proof-of-stake - Blockchain - https://www.investopedia.com/terms/b/blockchain.asp https://www.investopedia.com/terms/b/blockchain.asp - Open, public network - "arbitrarily many users are allowed to join the system at any time, without any vetting or permission of any kind" - https://algorandcom.cdn.prismic.io/algorandcom%2Fece77f38-75b3-44de-bc7f-805f0e53a8d9_theoretical.pdf https://algorandcom.cdn.prismic.io/algorandcom%2Fece77f38-75... - Layer-1 https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain https://coinmarketcap.com/alexandria/glossary/layer-1-blockc... - Transaction finality - https://www.algorand.com/technology/immediate-transaction-finality https://www.algorand.com/technology/immediate-transaction-fi... - Co-chains - https://www.algorand.com/resources/blog/algorand-co-chains https://www.algorand.com/resources/blog/algorand-co-chains - Smart Contracts - https://developer.algorand.org/docs/get-details/dapps/smart-contracts/apps/ https://developer.algorand.org/docs/get-details/dapps/smart-... Sure, some words in that statement is "marketing jargon", but most of it is actually technical.

by mbesto 5y ago

emerged 5y ago

That’s because it doesn’t mean much of anything really. It’s jargon intended to appear meaningful.

capableweb 5y ago
Could you share what specific parts of that statement you don't understand? Here is a short glossary: - Pure Proof of Stake - https://www.algorand.com/technology/pure-proof-of-stake https://www.algorand.com/technology/pure-proof-of-stake - Blockchain - https://www.investopedia.com/terms/b/blockchain.asp https://www.investopedia.com/terms/b/blockchain.asp - Open, public network - "arbitrarily many users are allowed to join the system at any time, without any vetting or permission of any kind" - https://algorandcom.cdn.prismic.io/algorandcom%2Fece77f38-75b3-44de-bc7f-805f0e53a8d9_theoretical.pdf https://algorandcom.cdn.prismic.io/algorandcom%2Fece77f38-75... - Layer-1 https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain https://coinmarketcap.com/alexandria/glossary/layer-1-blockc... - Transaction finality - https://www.algorand.com/technology/immediate-transaction-finality https://www.algorand.com/technology/immediate-transaction-fi... - Co-chains - https://www.algorand.com/resources/blog/algorand-co-chains https://www.algorand.com/resources/blog/algorand-co-chains - Smart Contracts - https://developer.algorand.org/docs/get-details/dapps/smart-contracts/apps/ https://developer.algorand.org/docs/get-details/dapps/smart-... Sure, some words in that statement is "marketing jargon", but most of it is actually technical.