Thanks to a capacity to transfer value across borders at a shorter time period and at a lower cost compared to legacy systems, smart contract blockchains have long been considered to be a disruptive technology for the financial industry. However, most modern blockchain networks are overburdened and have high fees, limiting their opportunities. Fortunately, several high-efficiency platforms have emerged in recent years to tap into this potential to shake up the financial world.
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Algorand is designed to bridge the gap between traditional finance and blockchain technology and facilitate the future of finance. It is creating next-generation financial protocols and products focusing on scalability, decentralization, and speed. Algorand is solving problems that other competing blockchains are facing. So, let’s dive into the details.
Founded in 2015 VeChain has become a platform that aims to improve and control business processes, supply chain management, and even carbon emissions around the world. There are currently more than 500 firms and enterprises that use the VeChain based solutions, and their number continues to grow. So what is VeChain? Let’s go deeper together!