What is the Next Big Cryptocurrency?

The amount of people kicking themselves for not getting in with Bitcoin or Ethereum when the going was good seems to grow daily as the niche of Cryptocurrency steadily gains mainstream traction. Everybody is looking to find the next big thing, but how do you know it when you find it?

A large majority of the new Cryptocurrencies hitting the market are part of readily built platforms, they are tokens to be exchanged by the users of those platforms and the scope of growth is limited. Others still look to provide services to all other cryptocurrencies and it's these that should catch your attention a little more if you're looking to make an investment. It's not flashy that will be the next big thing it's functional. Simple and straightforward coins that help to provide a service in the flourishing market of cyberspace.

Algorand is just such a coin. Instead of working to steal the spotlight itself it builds a platform on which all the other Cryptocurrencies can shine too, this is precisely what made Bitcoin and Ethereum so successful. Working through consensus Algorand harnesses the computational power of its user base to process transactions no matter how big or small swiftly and securely. Basically, it is going to build a platform that the larger coins such as Bitcoin and Ethereum will need to utilize in order to handle the larger amount of users and transactions there coins are seeing.

Algorand users are selected at random to protect them from attacks and put into a block. More users are called upon as task load increases but the size of the group stays constant as the network grows. They have put significant thought into anonymity and safety and the transactions and users themselves will be well protected from malicious attack. As they have perfected a safe but simple transactional algorithm, the cost of each transaction is incredibly low comparatively and so the platform is very welcoming in that regard.

The speed with which the transactions go through, however, is one of the major selling points as those who have used other Cryptocurrencies before will know there can be a wait when transferring and even longer before you can cash out the coin or token. This is what really helps Algorand stand out as the next big Cryptocurrency; the speed and ease with which you can transact. This coupled with the fact that it is completely decentralized and each and every transaction is treated equally regardless of size. Like Bitcoin before it, Algorand really does taste like the finance of the future.

We are envisioning very big things in the future for this game-changing technology and would highly advise those who are looking to invest to consider adding some Algorand to the digital wallet when possible. You won't regret it.