r/algorand

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I originally jumped onto the crypto hype train back when Algo was $1. I rode with it all the way up to $2 then back down to the first insane crash. I got out for a while. I keep seeing articles that we are in a "crypto winter" so it seems to be a good time to get back in. ​​​​Can someone bring me up to speed? I still have my Pera wallet. What is going on with staking? Does that still exist? Any cool projects? I remember investing in the Algorand Casino app back before it shut down. Is Tinyman still around?​ I appreciate any input. ​​​​​​

Within 2-3 years how many ALGO is it going to take to make it to a level of financial freedom with consistent staking income? Is it 10,000 ALGO? 100,000? 1 million?

Other than Algorand, what are the quantum resistant blockchains? I think ALGO is primed but curious on competition

Im sure they can control the downward movement by duluting the market with Algos, but what about upward price movement?

https://preview.redd.it/lg7taf3k7gah1.png?width=1536&format=png&auto=webp&s=96cc60d02cd1b056809a6b385e500118bdadd0f0

Updates on Fiat Chain, Algorand, Anything?

Hi guys,

I have nothing to do with tinylock but i am a dev of my asa. I used tinylock in 2021ish to lock some assest and as you all should know tinylock is gone.

I found the devs git, rebuilt tinylock and put it online.

The website is tinylock.freedev.app

If anyone ever need to reclaim thier locked assets here you go. It will stay up.

Am I alone? Do I have a problem? Started buying ALGO in 2021 and have bought a small amount weekly since.

The potential still hasn’t changed in my opinion, I thought ALGO could reach $10-$20 and still do. Current price is many multiples from that, but I keep accumulating. Am I an idiot? Or will I look back and say I was very very early on something?

5 grand invested in 2021 down the drain and im so sad

TLDR: There is no need to worry it is awful.

Quantum Resistant Ledger is a layer one that was created using only post-quantum cryptography. That sounds good! Quantum security since day one. Unfortunately it's not that simple.

The PQC signature scheme they choose is XMSS, this generates signatures 10k bytes long, Falcon signatures of similar security are 660 bytes long a far better choice for blockchains that are network traffic constrained and blockspace is expensive.

QRL do use some tricks to limit public key sizes as these must be written to the blockchain which limits public keys to 2.1kb However both Falcon implementations will have smaller keys.

>Falcon-512 public key ~897 bytes
Falcon-1024 public key ~1,793 bytes

The consequence of this is that QRL is very slow, it has 60 second blocktimes and approx 15tps. (I did have some trouble getting solid stats on this so if someone has a reputible source please share)

So could they migrate to better schemes? Yes but even if they adopted Falcon. It would make a small difference because they haven't done the other tricks Algorand does with cryptographic sortition so the various committees involved in consensus are limited in size which then limits network traffic while still being randomly selected so they cannot be distributed denial-of-service (DDoS) attacked.

Summary

QRL is a one-trick-pony and that trick is PQC and even then they have made poor choices.

Algorand's sensible migration plan will limit the performance impact and deliver results in a timescale similar to the timescales nations (like France) expect critical infrastructure to migrate to PQC.