CNBC: Algorand noted as one of the most sustainable blockchains

February 9, 2021

Press & Publications

Written by: Algorand Foundation

This article from CNBC notes, in a review of sustainable blockchains, that Algorand outperforms those like Bitcoin. Unlike Bitcoin’s energy-intensive "proof of work" model, Algorand utilizes a "proof of stake" mechanism, which requires significantly less power. This eco-friendly approach positions Algorand as a promising solution in the blockchain space, offering scalability and security while addressing critical environmental concerns associated with traditional cryptocurrencies.

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