ALGO Bullish on Projects That Deliver Real-World Utilities

Algorand seems to be becoming the home to many real-world utility projects.
An ALGO enthusiast draws light to how the network is helping bring real-world utility.
A project on the network just helped process over 100,000 electricity bills per month.

Algorand network gets the praise it deserves from the crypto community on Tweet. In particular, an ALGO believer shares a post of how the Algorand network is helping to improve real-world use cases.

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Specifically, Algorand is helping HesabPay process over 100,000 electricity bills per month. In detail, this covers 100K electricity bills per month (163M AFN), 22K AirTime (3M AFN), 268M AFN of P2P, and 365M AFN of P2B.

All of this is running smoothly on the Algorand network. In fact, the Twitter post also explains how HesabPay chose this network specifically. To highlight, according to the tweet, HesabPay chose the Algorand blockchain for its reliability and security.

Going back to the retweet, this enthusiast talks about how the Algorand blockchain is not getting enough recognition. For instance, the retweet says it is crazy how projects on the algorand blockchain haven’t gone viral.

He also goes on to draw attention to how Algorand projects are bringing real-world utility to the masses. In response to this tweet, one user says that the lack of attention to Algorand projects and its blockchain is simple.

The reason behind this is that the platform is specifically designed to keep some information under the veil. This is why the Algorand blockchain is so capable and likely why projects choose this blockchain to launch specific real-world utilities.

The lack of attention to Algorand was also recently discussed by the Reddit crypto community on the CryptoCurrency thread. Here, one user asks Redditors what was going on with Algorand. The post says ALGO had a lot of hype before the Bitcoin dip but now many tokens surged with Bitcoin but not ALGO.

In response to this, Redditors say it is not right to believe the project is dead. Many still expect the price to pump and are taking this time to increase their ALGO bags. One response brings attention to how daily transactions have increased since May.

In addition, Algorand continues to bring solid partnerships to build products that solve real world problems. It is also expanding the DeFi sector and is seeing the number of addresses steadily grow as well. Therefore, the price action is not an indicator of how active a project is.

Another response adds their contribution to the talk. They say, on the developer side, AVM 9 released at the start of June and alongside that, the protocol was updated to enable 3.3 second transaction finality. Lastly, one response says “spent a couple of weeks building a project with multiple transactions all was less than a couple of cents and crazy fast”.

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Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.