Burning Algos Proposal for Period 8

Transparency and predictability of monetary policy is one of the most important properties of a blockchain. Therefore changing monetary policy should be only considered as a last resort and I don’t think we’re even close to that yet. We still got great development teams and to me it also seems like …

I disagree with the proposal. We shouldn’t be changing the supply on a whim based on an arbitrary position of a speculative leaderboard. Let’s keep it as it is defined today and find a way to enter the top 10 by walking a different path.

While I understand the concern regarding current market position and the attractiveness of being among the top ten coins (ranked by Market Cap, which is widely used but still a questionable metric), I believe that focusing on token burning may not provide the sustainable solution we’re looking for. …

you seem to think that if we burn x% of supply then the price will rise accordingly. this could happen in the short term (some kind of hype) but i dont think it will help in the mid to long term. imagine what could be build with 100M ALGOs, if we dont use this to attract new and exciting projects t…

agree with @averagezen burn is just a waste. it has become a common thing to make it seem like a token should be worth more after it but imo its just marketing and doesnt achieve anything really

A burn seems like a waste to me. Wouldn’t it be much better to allocate more funding instead to projects and programs that truly stand a chance at improving the overall attractiveness of Algorand and let demand do the rest?

How many relay nodes are running Algo

Exact list is here:

I believe that community relay nodes comming soon to the list… The relay nodes are “Archival nodes” … participant nodes (with storage of last 1000 blocks and all account balances) are not in this list You should run participation node only if you have some project running th…

Hi all, I would like to contribute more for Algorand project by running a node than keep my Algo on wallet only. I’m using my computers to contribute for some project like: Ergo, Monero, Sia. Algo is my next project. I understand that there’re 2 kind of node: Relay and participation. I searched so…

This is a random selection. This is the beauty of the sortition algorithm. The algorithm is equivalent to say that each online Algo in the system is chosen with some probability. So if you have 100x times higher balance than another person, on average, you will have 100x more seats.

Official s…

Hi, First, thanks for sharing your work. 🙂 I’m reading this paper. Under section 5.1 it mentions how VRF handles the Sybils Attack problem. It mentions that the binomial distribution is indeed a good choice since splitting the total of sub-users of a user won’t give an advantage over a non-split.

Thank you for your quick answer @stephenfoundation Looking at consensus alone is a very narrow interpretation of the trilemma. If the network would only consist of participation nodes, would it be secure? Would it be as scalable as without the relay nodes? Even though relay nodes are not necessary…

Hi @petew. Answers to your questions below. Question: What will be the long term incentives for relay nodes? Answer: The group sometimes referred to as the Relay Node Runners group, came into existence at mainnet launch and should correctly be referred to as Early Backers and Node Runners. This …

Layer 1 are synchronous. You can look at the developer documentation. For example https://developer.algorand.org/docs/get-started/dapps/pyteal/ Layer 2 is not available yet.

To my knowledge, this is work in progress.

You can see the average TPS as well as the max TPS over the last 7 days there: The max TPS is around 1,000 tx/s right now. Importantly, the TPS on Algorand is for real transactions (Algorand consensus messages are not included in the TPS as some other protocols do, which makes the TPS appear higher)…

Hi @orageux101, the AVM and the EVM are execution environments with very different design and performance. The root causes of such a difference are to be found in several design choices and go back up to the consensus layers on which they operate. As per today is it impossible for EVM-Compatible e…