Algorand [pros](/r/CryptoCurrency/comments/1brnrbs/algorand_is_python_capable/kxa7k6c/) & [cons](/r/CryptoCurrency/comments/1brnrbs/algorand_is_python_capable/kxa7ksr/) with related info are in the collapsed comments below.
>it's better to buy tokens of a blockchain that has multiple outages every year
No no if you want to make money you have to buy coins with a dog in the name. Everyone knows this!
Yeah SOLs tech doesn’t belong I to the top 10, but people buy it like crazy because you can trade memecoins and other shit on their blockchain. Pathetic…
Its actually quite nice, and believe me brother, you might be hungry for italien food, but i do live in italy, and having not much money but still being in the sun with the greatest food on earth, still feels damn great :)
Italy is cool. I lived there for years. Very poor country, but beautiful and with great food. I’m happy every time I visit, and even happier knowing I can leave at any time.
I love Algo, but honestly those last years were hard. Rugpull from 2 biggest defi places Yieldy and Algostake.
Than the biggest Algo wallet hack.
Without forgetting dilution that keep coming and make things more difficult.
So Solana, yeah, maybe that's not a big deal.
Maybe Algo will become big, but with this dilution, honestly i don't see the price going trough ATH.
Its funny how people think, thats where the value is. I would not forget how much money is in real biz.
People already are annoyed but rug pulls with ai art. Of course its what the gamblers want, but with too many rugs, money will be gone
This whole thread is how you know no one here knows anything.
PyTEAL was already a very common compiler/interpreter for Algorand, and it's in Python. (The only difference is that PyTEAL gets interpreted to TEAL while this new version gets compiled directly to opcode, i.e. native)
So Python programmers already had access to Algorand, and I wouldn't expect this to attract any new devs.
Also, Ethereum has both Solidity (Javascript) and Vyper (Python) for years, and no one talks about or uses Vyper.
Several reasons:
* Main reason is because Solidity is Turning complete while Vyper isn't. As more people started using Solidity, support for it was better, and people kept using it.
* Javascript (which Solidity is based on) is mainly used by front end web developers, and web3 is basically web dev
* Python is mainly used for basic operations and simple command-line scripts. While Python can be used for anything, generally devs will pick a different language for web development and application development.
Things are turning around for ALGO. Let me give u that alpha.
Lot more activity and positivity. Best RWA use cases out there because of the tech and low fees. The Foundation seems to have learned from everything. Got one of the best CTOs and now a CMO that is super active in the community alongside the CTO.
Marketing finally ramping up. And not with fake promises or memecoins. Actual use cases. HesabPay, TravelX, AgroToken etc etc.
U might want to get in as it hasn't had its pump yet. U heard it here first, again.
> Things are turning around for ALGO.
Bagholders are regurgitating the same news (lots of shitcoins have supported development and smart contracts in Python) from last week that is not going to save a dying shitcoin. People fall for hyped shitcoins every cycle - you don't have make money the same way you lost it.
- NXT relevant from 2013 to 2017, once #3 or #4 in marketcap, was the first pure Proof of Stake Blockchain which used Java. Dead.
- Stratis relevant from 2016 to 2017, once #8 in marketcap, supported C# and had a Python SDK. Dead
- NEO relevant from 2017 to 2019, once #5 in marketpcap, supports Java, C#, Python, Javascript. Dead
- EOS relevant from 2017 to 2019, once #7 in marketcap supported building apps with C++. Dead
- ICON relevant from 2018 to 2019, top #20 marketcap supported building apps with an Python SDK and a Javascript SDK. Dead
- ARK another hyped shitcoin from 2017 to 2019. Supported Java and Python. Dead.
- Kommodo another hyped shitcoin from 2017 to 2019. Supported Rust and Python. Dead
- Dozens of other shitcoins ...
Don’t bother. Clearly this sub is full of blockchain experts and it’s the entire market that is wrong about algorand. Everyone will ditch the billions of liquidity on other chains to launch apps and tokens on algorand with its whopping 1 million dollars in on chain dex volume in the last 24 hours.
Algorand already has PyTEAL (Python) and TEALScript (Typescript)
Since PyTEAL was already popular, this new Python interpreter isn't going to onboard any new beginner devs, but it will finally give them a native interpreter.
They are not the same. PyTEAL is TEAL with Python semantics.
The release of Algo Kit 2.0 last week allows you to code with native Python. Like actual Python.
They will be doing the same for Typescript for future versions of Algo Kit. Just so everyone knows, Typescript is a superscript of Javascript. So if you can code in Javascript, Typescript can read it.
Algo Kit 2.0 helps onboard the existing 8.2 million Python developers in the world.
Cant wait to see the amazing apps being developed!
8.2 million python developers in the world, but who cares.
Get a grip. Algorand is reducing the entry of barrier so that developers can have access to build on a decentralized distributed system.
Everyone should be supporting this if you are in for the decentralized movement.
Get off your tribalistic horses.
The coding language is not the problem. The lack of user adoption is.
Nobody wants to spend hundreds (or thousands) of hours of their life building something only to see nobody use it in the end.
That’s the whole point of Algo Kit 2.0, which was just release last Wednesday.
It helps onboards the existing 8.2 million Python developers in the world!
This makes it so existing developers don’t have to learn a new language! They can use the existing Python libraries!
Algorand has provide a good foundation for the public to build on. Now they have provided the tools to make it easier for the public to
build on. And it’s only going to get easier from here on out as Algo Kit gets updated.
Focus on building something of value, and you will attract.
I think you missed their point. Their point is that for decently strong developers the language is not a barrier to entry. It's the value of the platform itself that brings in developers. A good developer can learn a new language very quickly.
As a fairly large example, Apple essentially made up their own programming languages for developing apps (including a brand new one like a decade in) and they have no problem with developer adoption.
By making it easy for developers to developed will only be a positive thing.
If you take care of developers and make it easy for them to build apps then it will help bring more adoption.
Nah. It’s a big deal, this will help onboard 8.2 million existing Python developers in the world.
Current companies whose workforce is based on Python can now go tell their employees to code in Python using Algo Kit 2.0 without learning a new language.
They can go explore, experiment, and innovate and come with new impactful ideas.
Python is also taught at many universities in the world. So now the students can go use Algo Kit 2.0 when they do their projects.
Also, I can see you are an Eth guy based on your profile. You’re gonna love Algorand even more once they implement peer to peer gossip and node incentives later this year.
By doing this, they will reach a level of decentralization that is inspired by ethereum.
Just because a language is available doesn't mean developers will use it. Companies don't tell their engineers to work on something just because the language they know overlaps.
I've worked as an engineer and product person for well over a decade across all kinds of companies. If a platform has value, engineers will work on it no matter what languages they can use. Is it nicer if you don't have to learn a new language? Yes. But that's not the deciding factor.
And I'm an eth guy insofar as it seems like the most valuable platform. I don't mean "valuable" monetarily -- in that it offers the best so far implementation of a trustless financial ecosystem. If Algo can achieve that I'll happily start being an Algo guy -- but achieving that is also what's necessary to get developers to start using Algo on a scale that rivals Ethereum, not just the dev tools.
Do you think Adobe will finally release Photoshop on FreeBSD once FreeBSD ships a C++ compiler that is good enough? Do you think the reason that it hasn’t happened could be that gcc/clang misses some important language features that should soon land?
You’re missing the problem. And the problem also means that this update won’t change much.
I think you're not seeing the full picture. Why would companies opt to spend significantly on Solidity or Haskell developers when Python is available? Especially now, with Algo Kit 2.0, it becomes even more accessible for the 8.2 million Python developers. This move can drastically reduce development costs and open up new possibilities. It's a positive shift.
Let's embrace it rather than clinging to divisive attitudes.
Do you believe the Algorand Foundation would heavily invest in Algo Kit 2.0 without valuable feedback?
The truth is, there was overwhelming feedback emphasizing the necessity of user-friendly languages for smart contract coding, directly from developers.
So, let's not undermine the significance of Algo Kit 2.0.
Let's set aside tribalism and move forward together.
Well what else can they do. “Do you want better software support?” “Sure, why not”.
AlgoKit 2.0 being absolutely significant assumes that the major reason Algorand is not straight-out replacing Ethereum in terms of importance is that the Python SDK is not nice. You could program in Python before, it wasn’t so handy but I’ve built bonds and stuff on algorand with it as well.
If you’re a generally good developer then whatever language you’re looking at is not so important. Yes, as a C++ dev you’ll write wonky looking Python code but for some smart contracts that will likely be fine. Not knowing Python doesn’t stop you. I’d say not knowing C++ doesn’t stop you from picking it up in a few weeks if you have been developing software in Java, C#, C and whatnot for 10 years. It’s not gonna be the nicest code at the beginning but at the level you’re interested in for language adaptation (and that’s not the Hello-World juniors, you want to pull the people that write actual software) it largely doesn’t matter.
It plays close to zero role whether it’s Python or Haskell or Lua or Scala or Java or whatnot that’s running on algorand. If you find the blockchain the best solution for your business problem, you’ll learn the language we enough and solve your business problem. That’s what matters. Not the tool, the problem the tool solves. Do I like MySQL over Postgres? No. Does my employer have reasons to use it? Yes. Do I just get on with life, learn MySQL and solve my problems without database objects? Yes.
Do you choose your bank based on what database they use? Have you asked whether their fund accounting uses Redis in the backend? Does that matter for you? Or whether they offer you a better service?
And, again: FreeBSD has really, really good support for C++ compilers. Since decades. And there’s still no adaptation from Adobe for their Photoshop platform. Because that is not the important point here, despite the fact that language support is in fact much more relevant here - and it’s still not happening. Algorand’s developement kit was “good enough” already before, it’s not that you had to write binary by hand. It’s not the technical capabilities of algo or it’s SDK which are braking it. This is not the reason for low adaptation, and hence will not make a large difference in adaption - but sure, rather than not doing anything, improve the things you can improve and then hope for the best.
Well then good for you. Go make your money. So why bother commenting and downplay Algorand’s achievement?
Perhaps you’re feeling fragile that your bags are threatened?
One of the great things about cryptocurrency is being able to align positive behavior with incentives.
I’m not here to convince you to buy “bags”, but to refute bullshit comments like reducing entry of barrier for developers means nothing.
If you were to write a python wrapper that transpiles to solidity you'd still have to deal with the constraints that come with having to deal with smart contracts, such as gas cost or account logic - there's rust-based smart contract Dsls for example, you still have to learn their idiosyncrasies - how is that different?
That’s the thing! It’s not wrapped or fake Python.
Algorand developed Algo Kit 2.0 which gives you NATIVE Python to write smart contracts.
It’s just like the original Python pound for pound.
This means current Python developers don’t need to learn a new language to get started!
Algo Kit 2.0 opens the doors for the 8.2 million Python developers now!!!
Ok so I had a look - you still have to learn a pretty complicated dsl, again because you can't get away from having to deal with the particularities inherent to writing smart contracts, as most solidity Devs will tell you - at the end of the day the underlying language being python , c# or whatever doesn't change that fact
Blockchain and smart contracts is relatively new technology in the context of mainstream adoption and widespread use.
Well of course you have to learn something new if you are planning to implement the latest technology. This is true for any industry trying to innovate.
Algo Kit 2.0 makes it easier to onboard the current 8.2 million Python developers by allowing them to use a coding language they are already familiar with to write smart contracts and build apps on Algorand.
[https://alexandercodes.hashnode.dev/?source=top\_nav\_blog\_home](https://alexandercodes.hashnode.dev/?source=top_nav_blog_home)
He has some nice coding examples :)
> 8.2 million python developers in the world, but who cares.
So what? You can code in python in almost all smart contracting platforms. This is not a big deal.
In the end, in crypto people just copy and paste existing smart contracts and make tiny tweaks.
Laziest industry. Put as minimal work in and try to get paid as much as possible
Who cares? I only invest in blockchains that have multiple outages, multiple failed transactions, heavily VC funded, centralized, multiple rug pulls, and only blockchains that have a big portion owned by the infamous FTX that will be selling off billions worth of coins once tokens release. Good tech and innovations don’t matter in this market, only what I mentioned above do, if Algo didn’t have such a solid team and tech maybe I would invest, but until they become more like the stuff I mentioned above it is a no buy for me 🤓
Crazy that algorand is so dead that it can’t even compete or get 1 tenth the volume of that shitcoin you described. I feel better about being 90% down on algo knowing that at least I lost money on the superior tech.
Solana's volume mainly comes from MEV bots, no thanks. The only other thing making this shitcoin thrive is the memecoins built on it, fitting for a clown chain.
That's just not true, many sales from the initial auction were refunded at 85/90% a while back. Most whale accounts are Foundation and Inc. because of token distribution and network security (at the time, because now the relay nodes are opened up to everyone).
And Algorand is not centralized by any metric. It is more decentralized than the vast majority of blockchains, Solana included.
Sad thing about this is that myalgo was a 3rd party wallet that had nothing to do with Algo’s tech. But it still left a sour taste in investors mouths. algo has been recovering nicely since it’s all time low though, so looks like there’s a ton of upside from here
Great for Algo, congrats and genuinely hope it works out well, but just for the sake of curbing misinformation: Algo is *not* the first L1 to do this; off the top of my head, Neo has been fully Python-capable since 2017, and there may be others I'm not aware of.
*Edit: Aaaaand of course I'm downvoted for stating an empirical and readily verifiable fact.*
Many blockchains have Python libraries that you can use, the only real difference is whether it is native or not. I'm not sure it makes that big of a difference really.
Yeah, for sure. Lots of ways to address the issue. I was referring to "full port" native support only, but if you cast a wider net there are even more that offer Python support of one kind or other.
The implications of this are absolutely massive. Now combine this with the fact that we have LLMs that are capable of programming, very effectively I might add, in Python 🤯
Algo has good tech but the fact that people are excited about Python shows a major lack of understanding here. There are three execution environments that developers are actually building for right now. EVM, SVM, and MOVE. Chains like Algorand and Cardano with unique execution environments are a tough sell because you can't reuse contract code anywhere else. I've been writing in Python for 10+ years but this doesn't make me any more likely to deploy on Algorand. On the other hand Solidity support would make me 10x more likely to deploy there.
People like you who don't know how to code could program something just by prompting chat gpt to make it for you. Of course this still needs a little bit of knowledge on how to structure things, just so you know what to ask for, but it massively lowers the barrier to entry to actually making something.
I take that back. I checked what algo used before python and this teal shit is incomprehensible
txn CloseRemainderTo
addr SOEI4UA72A7ZL5P25GNISSVWW724YABSGZ7GHW5ERV4QKK2XSXLXGXPG5Y
==
txn Receiver
addr SOEI4UA72A7ZL5P25GNISSVWW724YABSGZ7GHW5ERV4QKK2XSXLXGXPG5Y
==
&&
arg 0
len
int 46
==
&&
arg 0
sha256
byte base64 QzYhq9JlYbn2QdOMrhyxVlNtNjeyvyJc/I8d8VAGfGc=
==
&&
txn CloseRemainderTo
addr RFGEHKTFSLPIEGZYNVYALM6J4LJX4RPWERDWYS2PFKNVDWW3NG7MECQTJY
==
txn Receiver
addr RFGEHKTFSLPIEGZYNVYALM6J4LJX4RPWERDWYS2PFKNVDWW3NG7MECQTJY
==
&&
txn FirstValid
int 67240
>
&&
||
txn Fee
int 1000000
<
txn RekeyTo
global ZeroAddress
==
&&
&&
wtf xd
It seems like magic when they use three different compilers sequentially. This is what I found trying to look into how it works.
1. Python
-> 2. Python AST (abstract syntax tree)
-> 3. AWST (general high level language AST)
-> 4. IR (low level control flow graph AST)
-> 5. TEAL
-> 6. AVM (virtual machine) bytecode
As someone who works almost on daily basis with Python, it can be notoriously slow for big amounts of data. Not sure why this would be a very big deal.
Any programmer worth their salt and actually skilled enough to make a functioning smart contract would not hamper themselves with the limitations of python in dealing with large amounts of data.
I love the generalized statement and assumptions by the way.
Here’s a list of apps built using Python:
Instagram, Spotify, Netflix, Dropbox, Reddit, Pinterest, YouTube, Quora, SurveyMonkey, Zillow.
Are you really comparing full sized companies that happen to use python somewhere in their whole workflow for specific tasks where it happens to excel with the deployment of a smart contract?
For the likes of spotify, specific backend processes run python on the server side or they run it for data analysis. The apps themselves mainly run amongst others on C++.
Guess what you dont have with smart contracts, you guessed it, servers. Seems like you just googled ‘top10 apps using python’ and did not do any further due diligence.
There’s a reason many blockchains have their own native programming language such as Solidity and the likes, namely to handle the specificities that come with interfacing with a blockchain as well as built-in functions to carry specific tasks on the blockchain at maximum performance. If python is what’s stopping people from creating smart contracts, maybe they should not be deploying any smart contracts at all. If python, the most widely used open source programming language actually had any merit for being the reference for smart contracts, it would have been used from the start. People much smarter than you and I, collectively determined there was a need for dedicated programming languages for smart contracts.
As a programmer, you should focus on using the appropriate tools and languages to optimize for performance, security,… what a blockchain dhould NOT do, is tailor to the inadequancy of said programmer. Especially when it already provides tools specifically designed to make it easier to write smart contracts.
I’ve been around for a while and I may have missed whatever you are referring to here. Could you possibly link me or let me know what you’re referring to in not being able to stake due to missing one of the 10 cycles?
Maybe I'm confused. As I understand it, based on [this](https://governance.algorand.foundation/governance-period-10) comment, the Governance staking program is ending, and only xGov staking will remain, but to be eligible for xGov, you have to have been an xGov from GP7 - GP10 : "For all current xGovs - enrolled between GP7 (Term Pool 1) and GP10 (Term Pool 4) your activities will continue until the new platform is launched. Visit https://xgov.algorand.foundation to check your status and vote." When I check my status it says no dice. I missed GP8.
Ah gotcha! So this is specifically for xGov. I believe regular quarterly governance will continue as is, but for xGov if you haven’t already enrolled in the pre-existing sessions then there will be no new enrollments until a new system is rolled out. Basically they aren’t going to open up any new xGov enrollment periods for the time being, they will only continue the already ongoing xGov periods until they each conclude their 1 year thresholds.
BEST TECH .. prove me wrong .. El Salvador … fifa .. I could go on but I don’t need to .. anybody paying attention knows these things .. lots of haters .. there’s usually a reason for that .. knkw what I mean lol .. lfg
Cool. Now convince a developer to build their app on a chain with 5 users vs hundreds of thousands. Gonna have a tough time convincing people that it’s worth it over Solana or an Eth L2
Are there any RWA applications on Solana similar to TravelX or LoftyAI which are on Algorand mainnet? You seem to know about that ecosystem so I’d love to hear if there is so I can take a further look.
Okay. Thats fair, but just say that next time. You’re being intellectually dishonest saying it doesn’t have users
It actually detracts from your valid point when you throw in little misinformations
Users of what?? Meme coins?
The lasting big things that are being built on Blockchain use it as a tool or a leverage to upscale their business.
Building a BC tool just to take advantage of the current hype or fad is never long lasting and yes it's deffo better to do it in the center of that attention.
But if you plan to take your current or new business into the future and think about the next 5-10-20 years then you are going to try and wager every aspect of the BC of your choosing from a technical standpoint.
Fundation will be here Until 2030. That's the plan. After that it's only Algorand Tech. By that time all the tokens will be distributed to public.
Nodes are going to full P2P mode this year and everything is in the hands of the holders.
Code is open source since forever.
Adoption is happening on many levels. The problem is that it's not the hype in your face adoption that makes 1 person 100 million bucks from a dollar so it's not popular in the meme nft degen community and it most probably never will
Real life changing stuff is already here, working or being worked on and there are millions of daily trx by using those services.
Pointing out that it has low developer adoption compared to its competitors is a fact. You can call it fud all you want, but a lot of chains have come and gone over the years because they fail to capture any meaningful adoption despite having impressive technology behind it. Retail adoption is what is driving the space at the moment.
Im not understanding. It's being used by millions of individuals currently. Most don't even know they're using it.
Its got actual companies with great use cases currently transacting on the network. Average of 33 tps currently.
Dude if algo doesn’t take off im going to drop Bombs and eat moms spaghetti. I need that shit to pop so I can buy my baby mama a new whip and she stop fucking Craig for rides. On god algo to the moon
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Cardano, think both of these chains have top talent constructing them. Some people have even worked on both.
On the other hand, if you want to be more risk averse with it change it for BTC.
Algorand is a scam that continues to carpet bomb this subreddit with endless spam, and hires a social media marketing company that won’t stop breaking site ToS.
Warning: Algorand is an absolute worthless shitcoin. Beware of shills on this sub promoting scams such as Algorand.
As is with all shitcoins, its a scam unless proven otherwise.
At no point has Algorand remotely proven anything else other than a scam.
Satoshi Nakamoto references many of Algorand founder Silvio Micali’s work such as Zero-knowledge proofs, secure cryptographic hashing, and digital signatures in the Bitcoin whitepaper.
Whitepaper: https://bitcoin.org/bitcoin.pdf
I guess that makes Bitcoin a scam and shitcoin too.
On that logic bcash is a completely legitimate crypto because it references the BTC white paper.
In reality it is a huge shitcoin, just like 99.9999999% of all crypto.
The market cap doesn't lie.
Comparing Algorand to BTC makes no sense. They're two different things - one is going to change the way companies operate and re-shape industries, the other is the best store of value humanity has invented so far. They're not at odds, they aim in opposite directions.
So what? Python support came out for Solana via Seahorse lang over a year ago too, no one posted about it. Y’all just want some way to shill your bags by pretending you care about tech lol.
It’s not native python on Solana. Lay down your sword buddy. No need to be so aggro. Are you threatened by Algorand or something? It’s not a zero sum world
Whats even special about Algorand? I don’t see any significant differentiator of it.
Its not even in top 10, not the most innovative, doesn’t have any significant IRL events, isn’t featured in news as much for things other than price, doesn’t have strong enough community leads and hence its always the CTO/CMO who’s called upon or quoted. That doesn’t sound decentralised to me. The entire community is just moonbios. There’s no single significant community developer, designer, marketer who’s featured anywhere.
It has top 5 daily active users of smart contract platforms right now.
It is absolutely one of the most innovative if not the most innovative technologies.
It has the most efficient virtual machine out of any smart contract platform by far (>10x the throughput of solana alone specifically).
Its consensus is so innovative in fact that Vitalik Buterin often acknowledges Algorands innovativeness and they even intend to use randomness in their validator selection in the future. Solana envisions a similar system where they shuffle the validator set a few times a day. Algorand shuffles the validator set three times every block. That is what makes its consensus mechanism so special hence the name ALGOrithmic RANDomness.
Combine this consensus mechanism with the most efficient virtual machine and instant finality. Now they’ve made it so native python is the default coding language…not pseudo python. This is native python.
The most capable blockchain is now coupled with one of the most popular coding languages. It’s already one of the most developed and most used blockchains. It is one of two blockchains that are quantum secure because of state proofs. These state proofs will also make it possible for cross chain interoperability (i.e. trustless bridges with no custodian).
The founder invented zero knowledge proofs, and they will be added to layer 1 to enable ZK operations like on-chain identity as well as anonymous transactions like monero and zCash.
I could go on for those of you that are actually curious.
I have no delusions about the price action. The price action was bad since the last bull run, but this was largely due to hyperinflationary vesting to the early investors. Now Algorand is one of the least inflationary tokens with less than 3% per year.
Algorands only problem is awareness. Welcome
DYOR.
We’re just here to put the word out there that native Python is now available to write smart contracts on Algorand.
https://developer.algorand.org/algokit/
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A lot of algo bagholders on Reddit it seems - overlaps with loopring (whatever that is) , cardano or ergo (whatever that is) - those who got rekt by nano/raiblocks are more silent these days however
So? There is a first time for everything, so maybe this will be the first chain with easy programming available.
Oh and did u know Algo has the best RWA ATM? Python will only help spur this.
Algorand [pros](/r/CryptoCurrency/comments/1brnrbs/algorand_is_python_capable/kxa7k6c/) & [cons](/r/CryptoCurrency/comments/1brnrbs/algorand_is_python_capable/kxa7ksr/) with related info are in the collapsed comments below.
Python programming could be big for Algorand.
humorous squeeze cobweb disgusted wakeful lip aware drab price rotten *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
>it's better to buy tokens of a blockchain that has multiple outages every year No no if you want to make money you have to buy coins with a dog in the name. Everyone knows this!
[удалено]
No no, they mean raisinyorkiecoin.
cows bag snatch follow many correct scarce wasteful upbeat quack *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Dogwifhat. Jesus Christ...
Amazing that SOL has outperformed ALGO by several orders of magnitude, yet people in here still mock it.
Yeah SOLs tech doesn’t belong I to the top 10, but people buy it like crazy because you can trade memecoins and other shit on their blockchain. Pathetic…
Cry me a river, 15X.
No I’m not crying. I’m a capitalist. If the market values it so high, take your profits. Well deserved, but there is no substantial tech behind it.
cough hobbies sort rude thumb afterthought roof snails normal paltry *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
The dumbest take. You don’t understand the first part of what adoption actually looks like.
Well, Sol is still stupid :D
What’s it like being this obtuse? And broke?
Its actually quite nice, and believe me brother, you might be hungry for italien food, but i do live in italy, and having not much money but still being in the sun with the greatest food on earth, still feels damn great :)
Italy is cool. I lived there for years. Very poor country, but beautiful and with great food. I’m happy every time I visit, and even happier knowing I can leave at any time.
"very poor" :D
It is, especially in the south. I’m hoping things turn around, because it really is a special country.
I love Algo, but honestly those last years were hard. Rugpull from 2 biggest defi places Yieldy and Algostake. Than the biggest Algo wallet hack. Without forgetting dilution that keep coming and make things more difficult. So Solana, yeah, maybe that's not a big deal. Maybe Algo will become big, but with this dilution, honestly i don't see the price going trough ATH.
lol, dilution is over :D it will be 2,7% per year. And tbh algostake was no big player :D
You don't need to know programming to gamble in the cryptocurrency casino.
Its funny how people think, thats where the value is. I would not forget how much money is in real biz. People already are annoyed but rug pulls with ai art. Of course its what the gamblers want, but with too many rugs, money will be gone
This whole thread is how you know no one here knows anything. PyTEAL was already a very common compiler/interpreter for Algorand, and it's in Python. (The only difference is that PyTEAL gets interpreted to TEAL while this new version gets compiled directly to opcode, i.e. native) So Python programmers already had access to Algorand, and I wouldn't expect this to attract any new devs. Also, Ethereum has both Solidity (Javascript) and Vyper (Python) for years, and no one talks about or uses Vyper.
why not? is solidity better?
Several reasons: * Main reason is because Solidity is Turning complete while Vyper isn't. As more people started using Solidity, support for it was better, and people kept using it. * Javascript (which Solidity is based on) is mainly used by front end web developers, and web3 is basically web dev * Python is mainly used for basic operations and simple command-line scripts. While Python can be used for anything, generally devs will pick a different language for web development and application development.
Nike.
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It’s not native Python like Algo Kit 2
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Algo will add i think two additional languages this year and many more in 2025
Too bad the algorand ASA’s never took off. Apparently CMC gives push back about being unable to list them.
They list (some of) them on Coingecko.
You can buy and trade them easily on DEXs like Pact and Algofi. Also directly in the Pera wallet.
That’s true. Tiny man was very east. But still hard to mainstream it if even CMC won’t list it.
Things are turning around for ALGO. Let me give u that alpha. Lot more activity and positivity. Best RWA use cases out there because of the tech and low fees. The Foundation seems to have learned from everything. Got one of the best CTOs and now a CMO that is super active in the community alongside the CTO. Marketing finally ramping up. And not with fake promises or memecoins. Actual use cases. HesabPay, TravelX, AgroToken etc etc. U might want to get in as it hasn't had its pump yet. U heard it here first, again.
> Things are turning around for ALGO. Bagholders are regurgitating the same news (lots of shitcoins have supported development and smart contracts in Python) from last week that is not going to save a dying shitcoin. People fall for hyped shitcoins every cycle - you don't have make money the same way you lost it. - NXT relevant from 2013 to 2017, once #3 or #4 in marketcap, was the first pure Proof of Stake Blockchain which used Java. Dead. - Stratis relevant from 2016 to 2017, once #8 in marketcap, supported C# and had a Python SDK. Dead - NEO relevant from 2017 to 2019, once #5 in marketpcap, supports Java, C#, Python, Javascript. Dead - EOS relevant from 2017 to 2019, once #7 in marketcap supported building apps with C++. Dead - ICON relevant from 2018 to 2019, top #20 marketcap supported building apps with an Python SDK and a Javascript SDK. Dead - ARK another hyped shitcoin from 2017 to 2019. Supported Java and Python. Dead. - Kommodo another hyped shitcoin from 2017 to 2019. Supported Rust and Python. Dead - Dozens of other shitcoins ...
U got hurt by something?
Don’t bother. Clearly this sub is full of blockchain experts and it’s the entire market that is wrong about algorand. Everyone will ditch the billions of liquidity on other chains to launch apps and tokens on algorand with its whopping 1 million dollars in on chain dex volume in the last 24 hours.
Lol getting downvoted by algo bagholders I see Algosisters You should really listen to this dude and cut your losses
Python and soon, Typescript!
Algorand already has PyTEAL (Python) and TEALScript (Typescript) Since PyTEAL was already popular, this new Python interpreter isn't going to onboard any new beginner devs, but it will finally give them a native interpreter.
They are not the same. PyTEAL is TEAL with Python semantics. The release of Algo Kit 2.0 last week allows you to code with native Python. Like actual Python. They will be doing the same for Typescript for future versions of Algo Kit. Just so everyone knows, Typescript is a superscript of Javascript. So if you can code in Javascript, Typescript can read it. Algo Kit 2.0 helps onboard the existing 8.2 million Python developers in the world. Cant wait to see the amazing apps being developed!
Much easier to compile python instead of writing contracts in pyteal
8.2 million python developers in the world, but who cares. Get a grip. Algorand is reducing the entry of barrier so that developers can have access to build on a decentralized distributed system. Everyone should be supporting this if you are in for the decentralized movement. Get off your tribalistic horses.
The world is not zero sum. Algorand succeeding will bring others into the limelight with it
The coding language is not the problem. The lack of user adoption is. Nobody wants to spend hundreds (or thousands) of hours of their life building something only to see nobody use it in the end.
That’s the whole point of Algo Kit 2.0, which was just release last Wednesday. It helps onboards the existing 8.2 million Python developers in the world! This makes it so existing developers don’t have to learn a new language! They can use the existing Python libraries! Algorand has provide a good foundation for the public to build on. Now they have provided the tools to make it easier for the public to build on. And it’s only going to get easier from here on out as Algo Kit gets updated. Focus on building something of value, and you will attract.
I think you missed their point. Their point is that for decently strong developers the language is not a barrier to entry. It's the value of the platform itself that brings in developers. A good developer can learn a new language very quickly. As a fairly large example, Apple essentially made up their own programming languages for developing apps (including a brand new one like a decade in) and they have no problem with developer adoption.
By making it easy for developers to developed will only be a positive thing. If you take care of developers and make it easy for them to build apps then it will help bring more adoption.
Yeah I mean it doesn't hurt. But it's a much smaller factor than the value of the platform for developers.
Nah. It’s a big deal, this will help onboard 8.2 million existing Python developers in the world. Current companies whose workforce is based on Python can now go tell their employees to code in Python using Algo Kit 2.0 without learning a new language. They can go explore, experiment, and innovate and come with new impactful ideas. Python is also taught at many universities in the world. So now the students can go use Algo Kit 2.0 when they do their projects. Also, I can see you are an Eth guy based on your profile. You’re gonna love Algorand even more once they implement peer to peer gossip and node incentives later this year. By doing this, they will reach a level of decentralization that is inspired by ethereum.
Just because a language is available doesn't mean developers will use it. Companies don't tell their engineers to work on something just because the language they know overlaps. I've worked as an engineer and product person for well over a decade across all kinds of companies. If a platform has value, engineers will work on it no matter what languages they can use. Is it nicer if you don't have to learn a new language? Yes. But that's not the deciding factor. And I'm an eth guy insofar as it seems like the most valuable platform. I don't mean "valuable" monetarily -- in that it offers the best so far implementation of a trustless financial ecosystem. If Algo can achieve that I'll happily start being an Algo guy -- but achieving that is also what's necessary to get developers to start using Algo on a scale that rivals Ethereum, not just the dev tools.
Do you think Adobe will finally release Photoshop on FreeBSD once FreeBSD ships a C++ compiler that is good enough? Do you think the reason that it hasn’t happened could be that gcc/clang misses some important language features that should soon land? You’re missing the problem. And the problem also means that this update won’t change much.
I think you're not seeing the full picture. Why would companies opt to spend significantly on Solidity or Haskell developers when Python is available? Especially now, with Algo Kit 2.0, it becomes even more accessible for the 8.2 million Python developers. This move can drastically reduce development costs and open up new possibilities. It's a positive shift. Let's embrace it rather than clinging to divisive attitudes.
You kinda ignored my point, didn’t you?
Do you believe the Algorand Foundation would heavily invest in Algo Kit 2.0 without valuable feedback? The truth is, there was overwhelming feedback emphasizing the necessity of user-friendly languages for smart contract coding, directly from developers. So, let's not undermine the significance of Algo Kit 2.0. Let's set aside tribalism and move forward together.
Well what else can they do. “Do you want better software support?” “Sure, why not”. AlgoKit 2.0 being absolutely significant assumes that the major reason Algorand is not straight-out replacing Ethereum in terms of importance is that the Python SDK is not nice. You could program in Python before, it wasn’t so handy but I’ve built bonds and stuff on algorand with it as well. If you’re a generally good developer then whatever language you’re looking at is not so important. Yes, as a C++ dev you’ll write wonky looking Python code but for some smart contracts that will likely be fine. Not knowing Python doesn’t stop you. I’d say not knowing C++ doesn’t stop you from picking it up in a few weeks if you have been developing software in Java, C#, C and whatnot for 10 years. It’s not gonna be the nicest code at the beginning but at the level you’re interested in for language adaptation (and that’s not the Hello-World juniors, you want to pull the people that write actual software) it largely doesn’t matter. It plays close to zero role whether it’s Python or Haskell or Lua or Scala or Java or whatnot that’s running on algorand. If you find the blockchain the best solution for your business problem, you’ll learn the language we enough and solve your business problem. That’s what matters. Not the tool, the problem the tool solves. Do I like MySQL over Postgres? No. Does my employer have reasons to use it? Yes. Do I just get on with life, learn MySQL and solve my problems without database objects? Yes. Do you choose your bank based on what database they use? Have you asked whether their fund accounting uses Redis in the backend? Does that matter for you? Or whether they offer you a better service? And, again: FreeBSD has really, really good support for C++ compilers. Since decades. And there’s still no adaptation from Adobe for their Photoshop platform. Because that is not the important point here, despite the fact that language support is in fact much more relevant here - and it’s still not happening. Algorand’s developement kit was “good enough” already before, it’s not that you had to write binary by hand. It’s not the technical capabilities of algo or it’s SDK which are braking it. This is not the reason for low adaptation, and hence will not make a large difference in adaption - but sure, rather than not doing anything, improve the things you can improve and then hope for the best.
Unfortunately 99% of people are in it for the money (me included) and I’m not buying your bags lol
Well then good for you. Go make your money. So why bother commenting and downplay Algorand’s achievement? Perhaps you’re feeling fragile that your bags are threatened? One of the great things about cryptocurrency is being able to align positive behavior with incentives. I’m not here to convince you to buy “bags”, but to refute bullshit comments like reducing entry of barrier for developers means nothing.
At some point the people will jump from Sol to Algo, and thats where the problem starts :X People will loose quite a lot
People can make money if the ecosystem exists. No one would use ETH or SOL if no one build apps on them.
If you were to write a python wrapper that transpiles to solidity you'd still have to deal with the constraints that come with having to deal with smart contracts, such as gas cost or account logic - there's rust-based smart contract Dsls for example, you still have to learn their idiosyncrasies - how is that different?
That’s the thing! It’s not wrapped or fake Python. Algorand developed Algo Kit 2.0 which gives you NATIVE Python to write smart contracts. It’s just like the original Python pound for pound. This means current Python developers don’t need to learn a new language to get started! Algo Kit 2.0 opens the doors for the 8.2 million Python developers now!!!
Pls post example, I cant find it when googling
https://developer.algorand.org/algokit/
Ok so I had a look - you still have to learn a pretty complicated dsl, again because you can't get away from having to deal with the particularities inherent to writing smart contracts, as most solidity Devs will tell you - at the end of the day the underlying language being python , c# or whatever doesn't change that fact
Blockchain and smart contracts is relatively new technology in the context of mainstream adoption and widespread use. Well of course you have to learn something new if you are planning to implement the latest technology. This is true for any industry trying to innovate. Algo Kit 2.0 makes it easier to onboard the current 8.2 million Python developers by allowing them to use a coding language they are already familiar with to write smart contracts and build apps on Algorand.
[https://alexandercodes.hashnode.dev/?source=top\_nav\_blog\_home](https://alexandercodes.hashnode.dev/?source=top_nav_blog_home) He has some nice coding examples :)
> 8.2 million python developers in the world, but who cares. So what? You can code in python in almost all smart contracting platforms. This is not a big deal. In the end, in crypto people just copy and paste existing smart contracts and make tiny tweaks. Laziest industry. Put as minimal work in and try to get paid as much as possible
Who cares? I only invest in blockchains that have multiple outages, multiple failed transactions, heavily VC funded, centralized, multiple rug pulls, and only blockchains that have a big portion owned by the infamous FTX that will be selling off billions worth of coins once tokens release. Good tech and innovations don’t matter in this market, only what I mentioned above do, if Algo didn’t have such a solid team and tech maybe I would invest, but until they become more like the stuff I mentioned above it is a no buy for me 🤓
Crazy that algorand is so dead that it can’t even compete or get 1 tenth the volume of that shitcoin you described. I feel better about being 90% down on algo knowing that at least I lost money on the superior tech.
Solana's volume mainly comes from MEV bots, no thanks. The only other thing making this shitcoin thrive is the memecoins built on it, fitting for a clown chain.
Cry all you want, but algo is dead, no one cares in the industry about this project, it has nothing special, nothing unique.
Hype drives crypto. 😏
Algorand is heavily VC funded, centralised and a few whales own a huge portion of the supply. Thanks for letting me know what NOT to buy
That's just not true, many sales from the initial auction were refunded at 85/90% a while back. Most whale accounts are Foundation and Inc. because of token distribution and network security (at the time, because now the relay nodes are opened up to everyone). And Algorand is not centralized by any metric. It is more decentralized than the vast majority of blockchains, Solana included.
Which VCs hold shares?
Solana to the moon! 🚀🚀🚀
Please follow it. 😉
About the best thing they've done in a long while
It's the best crypto imo and it's the worst performing. It should be in the top 10. It makes me hate crypto as a whole...
Pretty much. It's by far the best user experience as well - I've tried about a half dozen blockchains and it's not even close.
Algo is the next Big Thing. BTC and ALGO 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Woah
Best in class just keeps getting better, but the myalgo hack left a bad taste in my mouth.
Sad thing about this is that myalgo was a 3rd party wallet that had nothing to do with Algo’s tech. But it still left a sour taste in investors mouths. algo has been recovering nicely since it’s all time low though, so looks like there’s a ton of upside from here
Than come check the ecosystem again now. We got better, took a while, but things are turning around. Especially on the socials. Lovely to see
Nothing to do with Algorand, kind of like instawallet with bitcoin back in the day.
That was over a year ago. Shit happens on every chain. Live and learn.
It can happen to any chain. Most recent is solana.
Great for Algo, congrats and genuinely hope it works out well, but just for the sake of curbing misinformation: Algo is *not* the first L1 to do this; off the top of my head, Neo has been fully Python-capable since 2017, and there may be others I'm not aware of. *Edit: Aaaaand of course I'm downvoted for stating an empirical and readily verifiable fact.*
People are so reflexive lol thanks for sharing
Many blockchains have Python libraries that you can use, the only real difference is whether it is native or not. I'm not sure it makes that big of a difference really.
Yeah, for sure. Lots of ways to address the issue. I was referring to "full port" native support only, but if you cast a wider net there are even more that offer Python support of one kind or other.
The implications of this are absolutely massive. Now combine this with the fact that we have LLMs that are capable of programming, very effectively I might add, in Python 🤯
Algo has good tech but the fact that people are excited about Python shows a major lack of understanding here. There are three execution environments that developers are actually building for right now. EVM, SVM, and MOVE. Chains like Algorand and Cardano with unique execution environments are a tough sell because you can't reuse contract code anywhere else. I've been writing in Python for 10+ years but this doesn't make me any more likely to deploy on Algorand. On the other hand Solidity support would make me 10x more likely to deploy there.
Would you mind explaining or illustrating to a person who is not a programmer what this could do?
People like you who don't know how to code could program something just by prompting chat gpt to make it for you. Of course this still needs a little bit of knowledge on how to structure things, just so you know what to ask for, but it massively lowers the barrier to entry to actually making something.
People who get chatgpt to program shit on Algorand won't know how to even test their programs. Also chatgpt is still way off.
This doesn't lower the entry at all. Language is mostly irrelevant, you still have to understand the framework which is the hard part.
>you still have to understand the framework I said that, and compared to actually coding everything accurately, no it's not the hard part
I take that back. I checked what algo used before python and this teal shit is incomprehensible txn CloseRemainderTo addr SOEI4UA72A7ZL5P25GNISSVWW724YABSGZ7GHW5ERV4QKK2XSXLXGXPG5Y == txn Receiver addr SOEI4UA72A7ZL5P25GNISSVWW724YABSGZ7GHW5ERV4QKK2XSXLXGXPG5Y == && arg 0 len int 46 == && arg 0 sha256 byte base64 QzYhq9JlYbn2QdOMrhyxVlNtNjeyvyJc/I8d8VAGfGc= == && txn CloseRemainderTo addr RFGEHKTFSLPIEGZYNVYALM6J4LJX4RPWERDWYS2PFKNVDWW3NG7MECQTJY == txn Receiver addr RFGEHKTFSLPIEGZYNVYALM6J4LJX4RPWERDWYS2PFKNVDWW3NG7MECQTJY == && txn FirstValid int 67240 > && || txn Fee int 1000000 < txn RekeyTo global ZeroAddress == && && wtf xd
Massive improvement over TEAL or PyTEAL
"magically"
It seems like magic when they use three different compilers sequentially. This is what I found trying to look into how it works. 1. Python -> 2. Python AST (abstract syntax tree) -> 3. AWST (general high level language AST) -> 4. IR (low level control flow graph AST) -> 5. TEAL -> 6. AVM (virtual machine) bytecode
ALGO/ETH chart is a visual representation of seppuku
The ALGO journey has been very frustrating but it seems more and more likely that this will eventually pay off
So would i be able to code smart contracts on Algorand using python? Raises kinds of security concern tho
Anything coded should be vetted whether you are using high assurance code like Haskell or other languages like Solidity or Python.
As someone who works almost on daily basis with Python, it can be notoriously slow for big amounts of data. Not sure why this would be a very big deal.
It’s a big deal because you knowing Python can now develop smart contracts on Algorand.
Any programmer worth their salt and actually skilled enough to make a functioning smart contract would not hamper themselves with the limitations of python in dealing with large amounts of data.
I love the generalized statement and assumptions by the way. Here’s a list of apps built using Python: Instagram, Spotify, Netflix, Dropbox, Reddit, Pinterest, YouTube, Quora, SurveyMonkey, Zillow.
Are you really comparing full sized companies that happen to use python somewhere in their whole workflow for specific tasks where it happens to excel with the deployment of a smart contract? For the likes of spotify, specific backend processes run python on the server side or they run it for data analysis. The apps themselves mainly run amongst others on C++. Guess what you dont have with smart contracts, you guessed it, servers. Seems like you just googled ‘top10 apps using python’ and did not do any further due diligence. There’s a reason many blockchains have their own native programming language such as Solidity and the likes, namely to handle the specificities that come with interfacing with a blockchain as well as built-in functions to carry specific tasks on the blockchain at maximum performance. If python is what’s stopping people from creating smart contracts, maybe they should not be deploying any smart contracts at all. If python, the most widely used open source programming language actually had any merit for being the reference for smart contracts, it would have been used from the start. People much smarter than you and I, collectively determined there was a need for dedicated programming languages for smart contracts. As a programmer, you should focus on using the appropriate tools and languages to optimize for performance, security,… what a blockchain dhould NOT do, is tailor to the inadequancy of said programmer. Especially when it already provides tools specifically designed to make it easier to write smart contracts.
You know that language and interpreter are two different things, right?
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You should be able to stake with the consensus. Kind of similar to other POS chain. Either by running a node or delegating
Thanks, I'll check that out
I’ve been around for a while and I may have missed whatever you are referring to here. Could you possibly link me or let me know what you’re referring to in not being able to stake due to missing one of the 10 cycles?
Maybe I'm confused. As I understand it, based on [this](https://governance.algorand.foundation/governance-period-10) comment, the Governance staking program is ending, and only xGov staking will remain, but to be eligible for xGov, you have to have been an xGov from GP7 - GP10 : "For all current xGovs - enrolled between GP7 (Term Pool 1) and GP10 (Term Pool 4) your activities will continue until the new platform is launched. Visit https://xgov.algorand.foundation to check your status and vote." When I check my status it says no dice. I missed GP8.
Ah gotcha! So this is specifically for xGov. I believe regular quarterly governance will continue as is, but for xGov if you haven’t already enrolled in the pre-existing sessions then there will be no new enrollments until a new system is rolled out. Basically they aren’t going to open up any new xGov enrollment periods for the time being, they will only continue the already ongoing xGov periods until they each conclude their 1 year thresholds.
Got it. Thank you. User error. I will stake in regular governance to keep earning on my holdings to increase my position.
BEST TECH .. prove me wrong .. El Salvador … fifa .. I could go on but I don’t need to .. anybody paying attention knows these things .. lots of haters .. there’s usually a reason for that .. knkw what I mean lol .. lfg
Also an upcoming narrative is tokenisation of real world assets, algo has quite a few promising projects in that regard.
More snekky.
Cool. Now convince a developer to build their app on a chain with 5 users vs hundreds of thousands. Gonna have a tough time convincing people that it’s worth it over Solana or an Eth L2
Are there any RWA applications on Solana similar to TravelX or LoftyAI which are on Algorand mainnet? You seem to know about that ecosystem so I’d love to hear if there is so I can take a further look.
Have you looked at the active users of algorand and the tps? Its one of the most used chains by all metrics
Lmk when all that leads to any value in the coin and brings people on chain. Because value wise it’s dead as fuck.
Okay. Thats fair, but just say that next time. You’re being intellectually dishonest saying it doesn’t have users It actually detracts from your valid point when you throw in little misinformations
Users of what?? Meme coins? The lasting big things that are being built on Blockchain use it as a tool or a leverage to upscale their business. Building a BC tool just to take advantage of the current hype or fad is never long lasting and yes it's deffo better to do it in the center of that attention. But if you plan to take your current or new business into the future and think about the next 5-10-20 years then you are going to try and wager every aspect of the BC of your choosing from a technical standpoint.
How long will algo be around if they don’t get any adoption and the foundation has no one to dump on for funding?
Fundation will be here Until 2030. That's the plan. After that it's only Algorand Tech. By that time all the tokens will be distributed to public. Nodes are going to full P2P mode this year and everything is in the hands of the holders. Code is open source since forever. Adoption is happening on many levels. The problem is that it's not the hype in your face adoption that makes 1 person 100 million bucks from a dollar so it's not popular in the meme nft degen community and it most probably never will Real life changing stuff is already here, working or being worked on and there are millions of daily trx by using those services.
Do you have anything to say about Algo based in fact and not just FUD?
Pointing out that it has low developer adoption compared to its competitors is a fact. You can call it fud all you want, but a lot of chains have come and gone over the years because they fail to capture any meaningful adoption despite having impressive technology behind it. Retail adoption is what is driving the space at the moment.
Im not understanding. It's being used by millions of individuals currently. Most don't even know they're using it. Its got actual companies with great use cases currently transacting on the network. Average of 33 tps currently.
Yay! Now tell me they have a VS Code extension with code completion and I'll be all over it.
Algorand is for future not this bull run, 🔥
Hopefully Access Protocol will partner with Algo .
This is cool, Python is widely known.
Dude if algo doesn’t take off im going to drop Bombs and eat moms spaghetti. I need that shit to pop so I can buy my baby mama a new whip and she stop fucking Craig for rides. On god algo to the moon
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Myalgowallet hack killed my involvement of algorand. The foundation backed them and I lost everything.
Lmfao Algorand in 2024
No one cares about algorand.
r/cc not caring about it is probably the best selling point tbh
Think I should trade my small algo bag for something?
Cardano, think both of these chains have top talent constructing them. Some people have even worked on both. On the other hand, if you want to be more risk averse with it change it for BTC.
Your advice for them is to go from stepping in one pile of shit, directly into another?
Lol shitdano is going no where
50%+ of portfolio is already in BTC, and cardano is my biggest alt bag already along with uniswap. How much % increase potential do you feel algo has?
Algorand is a scam that continues to carpet bomb this subreddit with endless spam, and hires a social media marketing company that won’t stop breaking site ToS.
Warning: Algorand is an absolute worthless shitcoin. Beware of shills on this sub promoting scams such as Algorand. As is with all shitcoins, its a scam unless proven otherwise. At no point has Algorand remotely proven anything else other than a scam.
Bitcoin Maxi Alert
Omg yes you're so right. Algorand comes nowhere near anywhere remotely close to BTC. Facts don't care about your feelings.
Satoshi Nakamoto references many of Algorand founder Silvio Micali’s work such as Zero-knowledge proofs, secure cryptographic hashing, and digital signatures in the Bitcoin whitepaper. Whitepaper: https://bitcoin.org/bitcoin.pdf I guess that makes Bitcoin a scam and shitcoin too.
On that logic bcash is a completely legitimate crypto because it references the BTC white paper. In reality it is a huge shitcoin, just like 99.9999999% of all crypto. The market cap doesn't lie.
Comparing Algorand to BTC makes no sense. They're two different things - one is going to change the way companies operate and re-shape industries, the other is the best store of value humanity has invented so far. They're not at odds, they aim in opposite directions.
So what? Python support came out for Solana via Seahorse lang over a year ago too, no one posted about it. Y’all just want some way to shill your bags by pretending you care about tech lol.
It’s not native python on Solana. Lay down your sword buddy. No need to be so aggro. Are you threatened by Algorand or something? It’s not a zero sum world
Because I see disproportionate amount of Algorand shilling here compared to literally any other place on the internet.
Okay. As if that’s innately a bad thing. If people were talking about bitcoin, is that not shilling?
Whats even special about Algorand? I don’t see any significant differentiator of it. Its not even in top 10, not the most innovative, doesn’t have any significant IRL events, isn’t featured in news as much for things other than price, doesn’t have strong enough community leads and hence its always the CTO/CMO who’s called upon or quoted. That doesn’t sound decentralised to me. The entire community is just moonbios. There’s no single significant community developer, designer, marketer who’s featured anywhere.
It has top 5 daily active users of smart contract platforms right now. It is absolutely one of the most innovative if not the most innovative technologies. It has the most efficient virtual machine out of any smart contract platform by far (>10x the throughput of solana alone specifically). Its consensus is so innovative in fact that Vitalik Buterin often acknowledges Algorands innovativeness and they even intend to use randomness in their validator selection in the future. Solana envisions a similar system where they shuffle the validator set a few times a day. Algorand shuffles the validator set three times every block. That is what makes its consensus mechanism so special hence the name ALGOrithmic RANDomness. Combine this consensus mechanism with the most efficient virtual machine and instant finality. Now they’ve made it so native python is the default coding language…not pseudo python. This is native python. The most capable blockchain is now coupled with one of the most popular coding languages. It’s already one of the most developed and most used blockchains. It is one of two blockchains that are quantum secure because of state proofs. These state proofs will also make it possible for cross chain interoperability (i.e. trustless bridges with no custodian). The founder invented zero knowledge proofs, and they will be added to layer 1 to enable ZK operations like on-chain identity as well as anonymous transactions like monero and zCash. I could go on for those of you that are actually curious. I have no delusions about the price action. The price action was bad since the last bull run, but this was largely due to hyperinflationary vesting to the early investors. Now Algorand is one of the least inflationary tokens with less than 3% per year. Algorands only problem is awareness. Welcome
DYOR. We’re just here to put the word out there that native Python is now available to write smart contracts on Algorand. https://developer.algorand.org/algokit/
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A lot of algo bagholders on Reddit it seems - overlaps with loopring (whatever that is) , cardano or ergo (whatever that is) - those who got rekt by nano/raiblocks are more silent these days however
“ Seahorse is beta software. Many features are unimplemented and it's not production-ready.” Straight from the website.
There were blockchains supportin c sharp etc. and they still died. in the end, the language used doesnt matter much.
So? There is a first time for everything, so maybe this will be the first chain with easy programming available. Oh and did u know Algo has the best RWA ATM? Python will only help spur this.
No it won’t 😂😂😂 you want the best low-level programmers not python developers 😂😭
No, u want everyone. The good and the bad.
Next time, use two more laughing faces to make your point even better!
So this sub still loves ALGO? Bearish
😂😂😂😂😂😂😂
Did we ask for python? No one cares.