Algo will run EVM

>rebranding
>still going down
pathetic

ALGO is pure proof of stake and it is easy to increase the # of transactions per block to respond to demand. 25000 transactions per block/46000 TPS right now beats the shit out of ETH and it can scale even more if there is a need.
There are a thousand reasons to fud ALGO, but the tech is solid.

>developer.algorand.org/docs/get-started/basics/why_algorand/

>Fees

>Fees are calculated based on the size of the transaction and a user can choose to augment a fee to help prioritize acceptance into a block when network traffic is high and blocks are consistently full. There is no concept of gas fees on Algorand.

>The minimum fee for a transaction is only 1,000 microAlgos or .001 Algos.

>Fees are calculated based on the size of the transaction and a user can choose to augment a fee to help prioritize acceptance into a block when network traffic is high and blocks are consistently full. There is no concept of gas fees on Algorand.

Algorand manages 1000 TPS though, and there are plans to increase that to 46000 TPS. So in theory Algorand has the same problem (minus the weird gas fee guessing game, that's gone, just pay more for quicker execution), but in practice it's probably not going to be an issue.

developer.algorand.org/docs/get-started/basics/why_algorand/#fees

>a user can choose to augment a fee to help prioritize acceptance into a block when network traffic is high
that's literally fucking gas fees by a different name. what the fuck lmao i literally cracked up laughing

Holy shit bro GigaChain has plans to have up to 500 TRILLION TPS bro time to get on board, have you seen their roadmap and their community?

And there is no "fee market" since validators (participation nodes in Algorand terms) don't get a cut of the fees.

If you increase the size of the chain, you sacrifice decentralization. We've had this debate again and again and I won't rehash it here.

> a user can choose to augment a fee to help prioritize acceptance into a block when network traffic is high and blocks are consistently full
Ok, so that's EXACTLY what ETH is doing. If nobody is using the chain, ETH fees are also $0.00001 or whatever the fuck you shitcoiners are bragging about. The problem comes when people are actually trying to build shit on your chain.
All your ETH killers are DOA and a joke lmao

You pay gas fees for smart contract execution. The more operations a smart contract performs, the higher the amount of gas used. And you have to decide the gas price when you send a transaction up front. That's on Ethereum based chains. On Algo you just pay the one fixed fee for everything.

SCRT has the same features as ETH only with the added advantage of making all #Dapps private by default.

So in the spirit of this board, I'm now making fun of you for not knowing the basic principles of the technology you invest your money into. Pretty weak, bro

These shitcoiners are fucking retarded. Gas fees actually provide a better allocation of resources because the transaction fee scales with the amount of resources a contract uses. In their model, a simple payment and an interaction with a complex contract like uniswap have the same cost and they are trying to sell it as if it's a good thing.
Fucking lmao, I've had more productive arguments with my dog.

proof of dumb cunt

>AVAX has the same fees as ETH right now.
You know they can make fees cheaper on AVAX if they want right? They're set the way they are at the moment for a reason. You could even set up your own subnet on AVAX and set the fees at whatever level you want if you care enough.

How much of that is going to negro scholarships?

>0.80 cents

Attached: 1644114988088.jpg (663x659, 363.31K)

The AVM and the Relay Node software will improve over time to catch up. Even if that doesn’t happen, Algorand already has a peak throughput of over 1000 tps, giving it plenty of room for growth before it becomes congested. Even now, Algorand is operating on greater tps than Ethereum.

Im an IBC maxi and all of you secret agents are a bunch of annoying niggers

>Gas fees actually provide a better allocation of resources
That assumption is correct if your chain is cobbled together by a bunch of amateurs and everything is so inefficient you have to force every user to participate in a weird gas fee guessing game where they will either overpay or lose their fees entirely on failed transactions. Compare this with: The total cost is known up front, it's a fraction of a penny and transactions can't fail.

10 mil rewarded to teams that will 'explore and accelerate'. Proposals til March 18. Yeah this isnt being done until 2023 minimum.
Just use Chainlink™