#PowellRemarks #BinanceLaunchpoolINIT New cryptocurrency draws attention as potential alternative to Bitcoin: 'A game-changer in the blockchain industry'
With great power comes great responsibility, and cryptocurrency is no exception. It usually takes a ton of energy to operate, but Algorand — a digital currency developed in 2017 — changed a key part of the technology, according to Blockchain Magazine.
It's OK if you're unfamiliar with the language around this stuff or how it all works. Without getting into the weeds too much, all you have to know is that creating crypto relies on a secure ledger called the blockchain to manage transactions and that the standard way of using the blockchain sucks a ton of electrical power from the grid.
What Algorand did was simplify how users interact with the blockchain when buying or selling Algorand currency. The result is a crypto coin that requires drastically less energy to keep up and running, Blockchain Magazine reported.
