What is Algorand? ALGO Explained with Animations

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  • Опубликовано: 23 ноя 2024

Комментарии • 583

  • @WhiteboardCrypto
    @WhiteboardCrypto  3 года назад +231

    We apologize for using Indonesia instead of the actual Marshall Islands, hope it didn't affect your understanding of the ALGO coin! We're learning and growing and working very hard to make these videos as amazing as possible, and as quick as possible, and that error slipped! Also, don't fall for anyone impersonating me in the comments below. Also don't fall for a chain of people talking about their 'mentor'. Both are scams and they're trying to take your money. Thanks for watching!

    • @mrdingles5107
      @mrdingles5107 3 года назад +7

      Can you make a in depth video of how all these cryptos interconnect? And how ETH and BTC effect all cryptos. And I guess what platform and blockchains there are and I guess the types. One thing that's always confusing for me is transferring or swapping currency. And how people say first swap this coin using this main net then ERC 20 this and ETH mainnet that.
      Also, if I'm not mistaken, most markets are centralized and own the crypto your buy. Does that mean when buying within a market, your don't affect the price? And also since most markets I believe have their own liquidity pools and small price differences but yet follow same pattern as other markets, who or what sets the true value for a currency?

    • @AlvinYap510
      @AlvinYap510 3 года назад +11

      The place you are pointing at in 0:06 is MY COUNTRY MALAYSIA, and the circle in 1:30 consists of Malaysia, Indonesia, Brunei and Singapore with a total population of more than 300 million, compared to 50,000 population of the Marshall Islands.

    • @se7en5es
      @se7en5es 3 года назад +6

      It's okay. People make mistakes all the time. Cheers from Indonesia :)

    • @sgysiandika
      @sgysiandika 3 года назад +2

      Yap,...you will got flooding protest by +62 netizen 😂

    • @TheNiCeTEa
      @TheNiCeTEa 3 года назад +4

      its malaysia. wtf

  • @leeac9420
    @leeac9420 3 года назад +5

    I am an Algo holder. Thank you for sharing. Really appreciated!
    Salam Hangat dari Washington State!

    • @Uniteddreamerud
      @Uniteddreamerud 2 года назад

      What made you an ALGO holder ?

    • @alifayyaz2182
      @alifayyaz2182 4 месяца назад

      Do you get any benefits for holding this crypto?

  • @TheA1carpetman
    @TheA1carpetman 2 года назад +4

    Thanks for sharing this Information in a very clear way to understand as I am a 57 year old who has been digging around the crypto space for a couple of years now. Greg from Australia

  • @roblescesar876
    @roblescesar876 3 года назад +18

    Went all in on algorand a while back best decision I have ever done!

  • @Nicolition
    @Nicolition 2 года назад +18

    You are simply the best when it comes to explain in details each crypto and yet simple to understand at the same time 😊. Keep up the good work!

  • @covoeus
    @covoeus 3 года назад +23

    Nice video, but the PPoS explanation is actually incorrect!
    The 4-6% staking rewards you mentioned have nothing to do with consensus and will be phased out in 2022.
    It is being replaced by governance, whereby you pledge to keep your wallet's balance at a certain level, and if
    you do, and vote on important issues, you get a cut of the governance reward pool every 3 months. You can
    withdraw anytime and there is no slashing!
    You still need to set up a validator software to participate in consensus, but unlike Ethereum:
    1) An Algorand validator is super lightweight, it can run on a Raspberry Pi and involves no mining whatsoever.
    2) You do not receive any reward or compensation for running the validator at all. You need to run it purely out of altruism.
    Here's how PPoS actually works:
    1) You set up a validator and delegate your wallet's balance to it.
    2) About every 2-5 seconds your validator rolls a special random number generator (the titular Algorand algorithm)
    and depending on your stake you have a certain chance of becoming the next block proposer. If you are selected, you
    broadcast the block you've assembled up to that point.
    3) A bunch of other validators are then selected by the same algorithm to validate the block you proposed. If they agree
    that it is valid, it is recorded and finalized.
    4) Go to step 2.
    The advantages are that there is no incentive to consolidate power, bad actors don't know who to attack (due to the randomness),
    it is infinitely scalable as only a certain number of validators are selected each round regardless of how many are online, and it is
    mathematically impossible for the blockchain to fork.

    • @whatapp2683
      @whatapp2683 3 года назад

      Hit me up immediately ☝️☝️🚀🚀...

    • @Herofromspace2
      @Herofromspace2 2 года назад +4

      Thank you for taking time to explain it.

    • @iamhoekage4360
      @iamhoekage4360 2 года назад

      Why will it be phased out?
      Is this a good move?

  • @vladimirhaviernik3568
    @vladimirhaviernik3568 3 года назад +9

    I've just read The Marshallese Sovereign (SOV) whitepaper and I have to say, I absolutely love it! Its not a CBDC (like Chinese yuan) at all. Its actually DDC like most crypto and the whitepaper makes a very good case why this is a way to go for most countries looking to adopt crypto.

  • @SatoshiSakamoto
    @SatoshiSakamoto 3 года назад +116

    The country you pointed out and circled in the map is actually Malaysia and not Marshall Islands.

    • @innajones5202
      @innajones5202 3 года назад +8

      Indonesia is the one have more islands, Borneo island is only partly Malaysia.

    • @user-Ioannis_Tzaros
      @user-Ioannis_Tzaros 3 года назад +18

      Geography is not his strong point. The other day said that UK had euro as currency.

    • @udipta21
      @udipta21 3 года назад +1

      Borneo belongs to three nations

    • @TheBluezInc
      @TheBluezInc 3 года назад

      Might be Brunei instead of Malaysia lol

    • @danieltung3674
      @danieltung3674 3 года назад +5

      I am wondering why I never hear about Marshall Island within our Geographical area ? Am from Malaysia

  • @JadenSmithProker
    @JadenSmithProker 5 месяцев назад +31

    Thanks for keeping us informed. I feel for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Ms racheal campbell! Imagine I invested $5,500 and received $22,200 after some days.

    • @Chritianapalacio
      @Chritianapalacio 5 месяцев назад

      She's really good in studying the market and making a strategy and i am learning so much from her already

    • @MakerBeloved
      @MakerBeloved 5 месяцев назад

      The fact that I got to learn and earn from her program is everything to me think about it, it's a win-win for both ways.

    • @Virgocynthia
      @Virgocynthia 5 месяцев назад

      Wow. I'm a bit perplexed seeing rachael campbell. name been mentioned here also. Didn't know she has been good to so many people.

    • @bennys5676
      @bennys5676 5 месяцев назад

      please i'm new here how can i contact her

    • @JadenSmithProker
      @JadenSmithProker 5 месяцев назад

      she often interacts on Telegrams

  • @mshvidogio
    @mshvidogio 3 года назад +17

    Thanks for making video about Algorand, I was waiting for this day, but didn’t expect it would come out so fast. You are the GOAT 👍🏻

  • @TheDark-Knut
    @TheDark-Knut 3 года назад +6

    Yep, hodling since 2 months now! It's one of my long term runners!

  • @meej6452
    @meej6452 3 года назад +7

    I've been waiting for ALGO on this channel, thanks!

  • @theresakennedy7339
    @theresakennedy7339 3 года назад +16

    Thank you! I was wondering why a real estate tokenization company picked Algorand for their project. I want to know more, this was a great start!

  • @u27g8mdm
    @u27g8mdm 3 года назад +29

    Hi WC, I dont think Marshall Islands are there. Looks like it is off Borneo Malaysia. The Marshall Islands are located way east. And that looks like the Indian Ocean instead of Pacific Ocean?

    • @ajscx
      @ajscx 3 года назад

      yes error but addressed already in pinned comment by the channel

    • @ura9390
      @ura9390 2 года назад

      lol what kind of idiot puts the Marshall islands in Indonesia? If they can't even work that out I wouldnt trust anything else they say

  • @AshutoshKumardevx
    @AshutoshKumardevx 3 года назад +33

    You have no idea, how badly I was in need for this video!
    Thank you very much.

  • @WebEconomiaita
    @WebEconomiaita 2 года назад +2

    Your videos are very clear..Algorand is a great project that I think can grow in the years to come.

  • @kaloyanvasev
    @kaloyanvasev 3 года назад +22

    Can you explain COTI in the future?

  • @7shing
    @7shing 3 года назад +30

    Good to see Algorand in your channel.
    One thing I think you missed introducing is Immediate Transaction Finality.
    It is a unique blockchain that does not fork.

  • @awkwardt
    @awkwardt 2 года назад +7

    The format and flow of this breakdown is amazing and simple to understand even at playback speed 1.5X. Excellent work

  • @CoinTrades
    @CoinTrades 3 года назад +1

    ALGORAND IS KING!!! It's the favorite to cover on my channel and the BEST long-term hold (NFA).

  • @ash9467
    @ash9467 3 года назад +2

    Great! Because of you my knowledge of crypto has grown
    Thanks

  • @AlvinYap510
    @AlvinYap510 3 года назад +6

    0:06 LMAO! That is not Marshall Islands, the place you pointing at is my country Malaysia ! Marshall Island is few thousand kilometres away from here.

  • @EnFuego79
    @EnFuego79 Год назад +1

    I highly suggest researching who the WEF is, and how the same interests that set up the WEF set up MIT a very long time ago to push technocratic global governance. Great sources for this are Patrick Wood's interviews at Grand Theft World, Unlimited Hangout, and The Corbett Report. Many other excellent research resources can be found via the main hubs of information.

  • @e_xplode7188
    @e_xplode7188 3 года назад +9

    thanks so much, wanted to learn about ALGO but the other video's were too hard understand, but i can always relay on you

  • @Jeffxm003
    @Jeffxm003 2 года назад +3

    How does proof of stake work when a project reaches its total max supply? Why would people stake if they aren’t gaining rewards anymore?

  • @philgawel7217
    @philgawel7217 2 года назад

    ALGO will eventually rise to the top and become a global leader in blockchain and crypto currencies. That's my $.02.

  • @yatarookayama8329
    @yatarookayama8329 2 года назад

    wow amazing coin with much potential , going to buy 150 Now . 🤑

  • @SzTz100
    @SzTz100 3 года назад +4

    My God, you have already reached 300K subscribers, you were at like 20k only a few months ago. Well done 👍

  • @Lucas.c2
    @Lucas.c2 3 года назад

    You are the only crypto channel that I watch.

  • @ChilleDINJerseY
    @ChilleDINJerseY 3 года назад +5

    Hi, big fan. Can you do a general video on broad uses of crypto? I know most mainstream think it’s JUST a currency (ponzi style) but I’m pretty sure this whole blockchain tech is used for other things too. Or is it really just functional currencies. Thank you

    • @immortalserito774
      @immortalserito774 3 года назад +2

      Good question!!!

    • @thelaundryman9287
      @thelaundryman9287 2 года назад

      Great question! Been wondering myself this myself, it would clear up so many questions I have

  • @brianhogan4794
    @brianhogan4794 2 года назад

    I’ve recently invested in algorand on Coinbase because of their current interest rates and I am glad I found your video to review and Charles H recommended algo as a solid project as he was @ MIT also!

  • @jimmyr9468
    @jimmyr9468 3 года назад +10

    This and ADA will be the long term winners in the crypto space.

  • @Financierpro1
    @Financierpro1 3 года назад +1

    Algo will be top 10 blockchain technology one day

    • @whatapp2683
      @whatapp2683 3 года назад

      Hit me up immediately ☝️☝️🚀🚀...

  • @Pat_Smith778
    @Pat_Smith778 2 года назад +3

    The governance program is fairly easy to use. So is yieldly.

    • @Pat_Smith778
      @Pat_Smith778 2 года назад

      @pinñeď bÿ whitèböarď crypt0 hey scammer!

  • @jonathancrichlow5123
    @jonathancrichlow5123 3 года назад +1

    Loved this video! Loopring next !

  • @jakubborusewicz5001
    @jakubborusewicz5001 3 года назад +10

    The Marshall Islands is a tiny nation of about 60k people. Region you marked on map consists of multiple countries with several hundred million people.

  • @kamui4708
    @kamui4708 Год назад +1

    How algo is inflationary if they has maximum supply?

  • @Timinem
    @Timinem 3 года назад +74

    ASAs are popping right now. Verified ASAs have the Algorand Foundation stamp of approval, like Yieldly, Smile, Akita Inu, Gems, and many others. Love that you pointed out that Algorand is all carbon neutral or carbon negative! So much upside vs ethereum.

    • @LemonicFN
      @LemonicFN 3 года назад +1

      There is lots of money to be made investing into new ASAs actually so happy with Algorand .

    • @larahalleck7684
      @larahalleck7684 2 года назад

      ▆ ▇ █ 十𝟭𝟯𝟮𝟯6𝟰𝟳𝟴𝟴𝟳𝟰%** 🎀

  • @danieleliyahu3014
    @danieleliyahu3014 2 года назад

    Thanks for the simplicity and detailed video!!

  • @andcrypto
    @andcrypto 2 года назад +2

    I like the way you explain! Good job!💪

  • @TheCryptoBook
    @TheCryptoBook Год назад +1

    great video!

  • @skinheadwazza5950
    @skinheadwazza5950 2 года назад

    Love watching new videos. Recently learned about Blockasset and aped in and bought the Ali in my pfp. Love what they doing by bringing sportsfans and athletes closer together.

  • @tellder1
    @tellder1 3 года назад +2

    Excellent video as always! Would you do a video about DFIChain?

  • @EciruamreklaW
    @EciruamreklaW 3 года назад +3

    Your channel about 30X'd in subscribers since I found you guys
    Respect the Pump!

    • @sumit6190p
      @sumit6190p 3 года назад

      Yup and their video content have gone to the moon.

  • @goots6278
    @goots6278 2 года назад +1

    Hail Algorand. Esrly adopters will make a lot of money

  • @machalismos9038
    @machalismos9038 3 года назад +4

    Likes the video. Also I wanna point out, you have a wrong map for marshal island. The one you circle is Indonesia not marshal island. Marshal island is far east from indonesia

  • @Top5sINDeed
    @Top5sINDeed 3 года назад +2

    Can you please make a video on Metaverse ? Will love to watch a simplified video on the topic.

  • @estevanmendoza5207
    @estevanmendoza5207 3 года назад +2

    Mina protocol would be an interesting video.. “lightest block chain” would love to see an explanation on it

  • @BastienPedersen
    @BastienPedersen 13 дней назад

    I really appreciate your efforts! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

  • @overspender9916
    @overspender9916 3 года назад

    Wow you’re looking at Algorand now? Algorand is the way!
    Ok gotta subscribe 🔝🌱

  • @ludovicverstraete1456
    @ludovicverstraete1456 3 года назад +2

    love your videos, could you make a video about Elrond?

  • @NikoBellic-GTA
    @NikoBellic-GTA 2 года назад +4

    Que lástima que no hay en español este tipo de videos. Aunque sea si tuviera subtítulos en español sería genial. De todos modos muchas gracias.

  • @TheDark-Knut
    @TheDark-Knut 3 года назад +2

    Sandbox or Decentraland next please!

  • @TheMessanger
    @TheMessanger 2 года назад

    Wao super cool once again the ASA 3:23 is an awesome implementation. I hope you read this we need a video understanding market cap and indicators for token for smart analysys.

  • @rjward1775
    @rjward1775 3 года назад

    My intro to Algo was when I got involved in the Planetwatch project.
    The PLANET tokens live on the Algorand wallet.

  • @kwabe
    @kwabe 3 года назад +2

    Hey whiteboard crypto. Could you please explain what a fair token launch is and how it differs from regular idos or icos?

    • @user-Ioannis_Tzaros
      @user-Ioannis_Tzaros 3 года назад +2

      Until the WC does your video, a fair launch is when all coins are minted through mining. The ICO s make some coins by programming (ie 20%) to give them to early investors and another 20% for the developer s, and then is launched.

  • @lunarbluesmusic
    @lunarbluesmusic 3 года назад

    Zero % Decentralised but perfect for Cbdc centralised burning dumpster
    fire. I switch my earned planet tokens to Bitcoin every four weeks, long may it
    continue. Great vid thx

  • @mikecapps4338
    @mikecapps4338 3 года назад +7

    Love the videos, keep them coming!

  • @kennethkim1221
    @kennethkim1221 3 года назад +1

    Please make a video about IMX sometime :) Thanks! Great videos!

  • @Gamer-wd3sj
    @Gamer-wd3sj 3 года назад

    Please make a video on the different soft forks of bitcoin and what it means!

  • @krys-p-bacon
    @krys-p-bacon Год назад

    What software do you use for presentations?

  • @kevo_adler
    @kevo_adler 3 года назад +2

    Really nice educational content. Liked it very much. Can you do video on Elrond please? Think its a good project. Cheers and keep up✌️🚀

  • @aceofspadeo5
    @aceofspadeo5 3 года назад

    Excellent ALGO video!!!

  • @wenzhongtan3483
    @wenzhongtan3483 3 года назад +1

    Hi Whiteboard Crypto, can u pls do a video on nano?

  • @masterhenry
    @masterhenry 3 года назад +1

    Thanks for making this excellent video about Algorand!

  • @benAustralian
    @benAustralian Год назад +1

    If XRP is suppose to be so good and can do cross border payments why do we need ALGO ? Can someone tell me why we need both?

  • @stanwilliams7871
    @stanwilliams7871 3 года назад +8

    Im pretty good at reading between the lines of a life lessons and thank you
    for sharing your knowledge sir your channel is #1 😎

  • @Faisal1504
    @Faisal1504 2 года назад

    Nicely explained thanks.

  • @globalgogetter4469
    @globalgogetter4469 2 года назад

    Goodstuff! Keep it coming!

  • @erickmandianez
    @erickmandianez 2 года назад

    Great videos, do you have anything about Stellar?

  • @prosconsCh
    @prosconsCh 2 года назад

    Nice video sir, btw that is not Marshall island 🙏

  • @BlitzTCG
    @BlitzTCG 2 года назад

    Would love a video on Ergo!

  • @Abhishek-iq1es
    @Abhishek-iq1es 2 года назад +1

    Informative

  • @sulochanakharat9033
    @sulochanakharat9033 3 года назад +1

    Thank you sir I wanted a vedio on ppos but once a make vedio on ppos vs dpos vs bpos vs pos and I learn many more topics that I have never heard of thanks for that also. (By the way this is not my account it's my mothers account)

  • @tapassew8652
    @tapassew8652 2 года назад

    algo is really interesting coin specially with this explanation I think to buy it on bitfinex now

  • @thesilentyak
    @thesilentyak 3 года назад

    Favorite Chain for sure. so much opportunity in some ASAs popping up!

  • @Wolfangs88
    @Wolfangs88 3 года назад

    Algorand is the future of crypto and the planet

  • @mercurylabs3492
    @mercurylabs3492 3 года назад

    Great video! We are a new coin coming to Algorand in 2022 ! We are bringing sports to the blockchain and will have sports betting and NFTs ! Follow along for updates about future projects!!!

  • @russelmanalili8305
    @russelmanalili8305 3 года назад +1

    Can you explain GALA in the future. Thanks!

  • @Mike-Eye
    @Mike-Eye 3 года назад +1

    Can you do a video on Casper Protocol

  • @pksquidmore4484
    @pksquidmore4484 Год назад

    How do I earn 4-6% apy? Do I have to leave it on the exchange to get that? Is there a way to earn or stake using ur cold wallet?

  • @franciscobou1894
    @franciscobou1894 3 года назад

    Thank u for the video I know I was requesting it

  • @WSKPK
    @WSKPK 3 года назад

    Do you know if I can put it in governance and also stake it on Yieldly at the same time?

  • @sulochanakharat9033
    @sulochanakharat9033 3 года назад +1

    Sir where I can join discord server ??

  • @DanFarfan
    @DanFarfan 3 года назад +95

    excellent, again. One suggestion... one of the most important things that a software developer must consider when choosing a project to target for their new dApps is... what language(s) does the project support? Solidity, Rust.. etc. The suggestion is any time you mention that a project supports "smart contracts," name the language(s) supported. Also, might be interesting to do a single video that looks at the crypto universe through the lens of the software language(s), pros, cons, etc.
    Keep up the good work.

    • @Victor.A.
      @Victor.A. 3 года назад +1

      That's why Algorand has the Reach team to help assist new devs & projects. Check it out

    • @LuGGy69
      @LuGGy69 3 года назад

      The respective programming languages differ greatly in some cases. I believe that a blockchain system based on Python would attract many more programmers. Lamden (TAU) is such a project, which is Python-based.

    • @jacksonwilson3247
      @jacksonwilson3247 3 года назад +1

      from my research and knowledge, Algorand uses rust. However, I do believe python works as well.

    • @covoeus
      @covoeus 3 года назад +3

      The contracts themselves are written in TEAL, a sort of assembly-like language. But you do not write TEAL, you use their official Go, Python or JavaScript SDK to transpile code into TEAL.

    • @nlrman
      @nlrman 3 года назад

      Erc 20

  • @cedgar3985
    @cedgar3985 3 года назад

    Please make a new video about the new relay node. Thanks for the clear explaination.

  • @TheHawaiiiiii
    @TheHawaiiiiii 3 года назад +1

    Amazing content 👍

    • @whatapp2683
      @whatapp2683 3 года назад

      Hit me up immediately ☝️☝️🚀🚀🚀...........

  • @sumit6190p
    @sumit6190p 3 года назад +1

    Noticed that there is 0 transfer fee when transferring USDT on ALGO blockchain.

    • @joythought
      @joythought 3 года назад

      That's definitely nice

  • @CarollFerrari-f8y
    @CarollFerrari-f8y 2 месяца назад

    Thanks for the breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

  • @JLVGO
    @JLVGO 3 года назад +1

    Can you do a video about FUSE Network?

  • @iammakne7211
    @iammakne7211 2 года назад +3

    I like how you interpret your content and present it the simplest way that your viewers can easily understand.
    May I request you to make a series about techincal indicator. It would be helpful. cheers!

  • @wolvenkind
    @wolvenkind 3 года назад +1

    Thanks! Could you also do a vid on don-key and copy farming, please?? Thanks!

  • @leopard6554
    @leopard6554 3 года назад

    Can you make a video to explain staking with delegation? Is it risky? Is it worth? Thanks 😊

  • @Omar-bustos1997
    @Omar-bustos1997 2 года назад

    great videoo thank you!

  • @atomicjoe
    @atomicjoe 3 года назад +2

    I have to shill my favorite ASA. TacoToken

  • @erickonassis6310
    @erickonassis6310 3 года назад

    Love Algo, need more

  • @jjll5708
    @jjll5708 3 года назад +2

    El Salvador was the first country to except national digital currency

  • @elenasmith7682
    @elenasmith7682 3 года назад +2

    SAVE YOUR MONEY AND INVESTING IT INTO STOCK MARKET WILL BE THE WISEST THING TO DO TO ENSURE SUCCESS.

    • @juleerutgers1272
      @juleerutgers1272 3 года назад

      Investing in CryptoCurrency has changed my life for the better, Its a great opportunity to invest with Mrs BRENDA ADAMS, trading alone has brought me a lot of lost, and investing with the wrong platform has brought a greater loss. But I thank God today I have recovered all my lost all because of Mrs Brenda Adams. I will keep on sharing my testimonies of your expert work to friends and family and interested once who are ready to start earning so they can benefit from this fruitful investment platform. Your great work can't be overlooked. I'm super excited This is a feeling I can't describe thank you so much🙏🏻 Success isn't defined by the things we have... success also means something different to everyone! Figure out a goal that you'd like to achieve and get after it!! You can reach her on via WhatsApp ⚪⚪⚪ +➊ (➏➍➏) ➍➎⓿-➏➊➒➌ ☎️
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    • @Zelta77
      @Zelta77 3 года назад

      Jame Woods interesting string of bots here

    • @kempowarrior
      @kempowarrior 2 года назад

      Not really. It's good to diversify once portfolio.
      Try saying to all the people that invested early like a few hundred dollars or one thousand dollars into dogecoin or shinu inu thar are now millionaire or multimillionaire.

  • @freedomtv2224
    @freedomtv2224 2 года назад

    ALGO is very interesting, thx for that great video... Maybe we see 2025/1 = 9 Dollar ALGO und 2030/8 = 80 Dollar

  • @sofian-_-7
    @sofian-_-7 3 года назад

    Thank you for this video 🙏🔥🔥🔥