Can Upcoming De-Fi Coin Petrousus Token Become As Successful As Industry Leaders Like Algorand (ALGO)
The competitive nature of the cryptocurrency industry is hardly ever spoken about and can even go unnoticed by newcomers in the space. Petrousus news…
Still, it is one of the industry’s most underrated features. Because the space is so competitive, it takes a truly special crypto coin to stand out. In an industry dominated by heavy hitters such as Bitcoin (BTC), Ethereum (ETH) and Algorand (ALGO), one can only expect it to be so.
Over the last few years, Decentralized Finance (De-Fi) has become a fundamental aspect of the cryptocurrency industry. The De-Fi sector seeks to provide adequate solutions to the limitations of traditional financial systems, such as transparency, accessibility and third-party interference.
Petrousus Token is an upcoming De-Fi coin currently making waves within the cryptocurrency industry. Still, the million-dollar question everyone seems to be asking is, “Can this coin be successful and do better than even industry leaders such as Algorand (ALGO)?”.
From all indications, Petrousus Token is on course to do wonders when it launches. The token is stacked with various benefits and incentives bound to drive its worth in the market. As the bear market rages on, Petrousus Token could be a viable long-term cryptocurrency investment for investors and other interested parties. In this piece, we make a side-by-side comparison between Petrousus Token and Algorand (ALGO).
Algorand (ALGO) is an autonomous, decentralized, blockchain-based platform designed to support a wide range of Decentralized Applications (dApps). The platform’s inspiration stems from the inability of older blockchain-based platforms to provide scalability, security, and decentralization in somewhat equal measure.
Algorand (ALGO) provides the infrastructure and tools that developers need to create applications and assets that billions can use. Features of Algorand (ALGO) include increased transaction speed and efficiency and lower transaction fees. The platform supports up to 1,000 transactions per second (tps). This includes smart contract transactions.
Additionally, Algorand (ALGO) does not require mining like older blockchain networks such as Bitcoin (BTC). Instead, it runs on a permissionless pure proof-of-stake (PoS) blockchain protocol. Algorand (ALGO) belongs to a relatively small number of smart contract-capable blockchain networks that are entirely secured by a proof of stake (PoS) consensus mechanism system.
Silvio Micali, the internationally recognized computer scientist and MIT professor, founded Algorand (ALGO) in 2017. Since then, the platform has hosted dozens of live products, with many more in development. Some applications on Algorand (ALGO) include Reach, Opulous and The Marshall Islands.
Another prominent feature of the Algorand (ALGO) platform is its native cryptocurrency, ALGO. ALGO is used for various purposes, including gas fee payments for transactions and smart contract computations. More importantly, it supports the operations of the Algorand network, earning holders a passive income through network rewards.
You can find ALGO trading on popular crypto platforms such as Coinbase, Binance, OKEx, Kraken, and Huobi. The top 30 crypto by market cap is one of the lesser affected altcoins in the bear market.
Petrousus Token (PSUS)
Petrousus Token is an upcoming De-Fi coin that seeks to address the problems within the De-Fi sector, such as scalability and interoperability. At the moment, De-Fi lacks the capacity to move data or assets between multiple networks. With the recent trend of collaboration within the cryptocurrency industry, this is something that needs urgent addressing.
Petrousus Token addresses these problems by providing fast transaction throughput, decreased risk of mistakes and smart contract functionality. Additionally, Petrousus Token supports cross-chain transactions and promotes seamless interaction between blockchain networks.
Furthermore, Petrousus Token runs on the Binance Smart Chain (BSC), a blockchain network largely regarded as the world’s largest crypto broker by trading volume.
(PSUS) is progressing along its roadmap and is quickly approaching its launch date. More details on the token will be made public in due time.