AlgoWIFI
  • What is AlgoWIFI
  • How it works
    • AlgoWifi for HotSpot
    • AlgoWIFI for Home
    • AlgoWifi for Web 3.0
    • 🧰AlgoWIFI Counter
  • StakeHolders
    • Publisher
    • HotSpotter
  • Economic Model
    • Algorand Blockchain
    • User Address
    • Reserve Address
    • Revenues / Payment
    • Token
  • Campaign
    • Active Campaign
    • Default Campaign
    • Reserve Account
  • Technical Note
    • Atomic Transfer
    • Hardware Compatible list
    • Web Site integration
  • Installation
    • Server
    • Basic Request
    • Php Sdk
  • Configurations
    • Install on Fritz!Box
    • Install on Joomla
    • Install on WordPress
    • Install on PrestaShop
  • FAQ
  • TODO
    • AlgoWIFI for QR-Code
    • AlgoWIFI for Metaverse
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  1. Economic Model

Algorand Blockchain

Pure Proof of Stake.

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Last updated 2 years ago

Designed by MIT professor and Turing Award winning cryptographer – is uniquely capable of delivering on the promise of a borderless global economy.

Why Algorand.

It achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis.

In traditional finance, trading assets generally requires a trusted intermediary, like a bank or an exchange, to make sure that both sides receive what they agreed to. On the Algorand blockchain, this type of trade is implemented within the protocol as an . This simply means that transactions that are part of the transfer either all succeed or all fail.

Its carbon-neutral platform and unique pure proof-of-stake consensus mechanism solves for the “blockchain trilemma” by achieving both security and scalability on a decentralized protocol, and without a second of downtime since it went live in 2019.

Silvio Micali
Atomic Transfer