5 Cryptocurrencies Redditors are Buying in April

In this article, we discuss the 5 cryptocurrencies Redditors are buying in April. If you want to read about some cryptocurrencies that Redditors are buying, go directly to 10 Cryptocurrencies Redditors are Buying in April.

5. Algorand

Algorand is a cryptocurrency that was created in 2017. It was created by Silvio Macali, an expert in cryptography and a professor at MIT. In 2020, the Marshall Islands, an independent country near the Equator in the Pacific Ocean, adopted the coin as a national digital currency. The adoption demonstrated how crypto and blockchain tech was a solution to the problems present in the traditional finance system. For example, using Algorand instead of fiat currencies, Marshall Islands could move large sums of money across borders at high speeds and low costs. 

Algorand aspires to be a faster and more reliable network with regards to money transfers compared to Ethereum. The founders of the coin are presently working on ways to increase the transactions per second on the network to around 1,000. For comparisons, the Ethereum network can only support 30 transactions per second.