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About Algorand (ALGO)
Algorand’s unique consensus mechanism enables unprecedented scalability; scalability in consensus participation, and scalability in transaction processing.
Currently, Algorand blocks are produced in less than 3 seconds with instant finality. The network can process 10,000 transactions per second, and at a cost of a fraction of a cent per transaction.
These are not just “basic payments”. Algorand can in fact process thousands of multi-party smart contracts per second.
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