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Algorand's ASC1, A Strategic Choice Over Ethereum's EVM

In the meticulous evaluation of blockchain platforms, Tectone23 Software strategically chose to fork Algorand, acknowledging the distinct advantages of its ASC1 (Algorand-Smart-Contracts) over Ethereum’s EVM (Ethereum Virtual Machine).


Key advantages and considerations include

Algorand ensures rapid and irrevocable transaction finality, and its design prioritises efficiency, boasting high throughput and low-latency transactions, ideal for applications requiring speed and cost-effectiveness.

Algorand transactions feature lower and more predictable fees, mitigating issues associated with Ethereum's fluctuating gas fees during network congestion. Algorand's fee model provides predictability, simplifying cost estimation for both developers and users.

Algorand's TEAL smart contract language is tailored for simplicity and efficiency, suitable for diverse use cases. The platform offers formal verification tools, enhancing smart contract security and reliability.

Algorand's Proof of Stake (PoS) mechanism is a foundational aspect of its architecture, designed to enhance network stability and ensure consistency across all transactions. Algorand elimates the possibility of conflicting transaction histories that can disrupt network operations and reduce trust. This approach not only secures the network against double spending and history revisions but also streamlines the concensus process, making it faster and more efficient which is why we decided to fork ALGO. 

Algorand's architecture, built around Pure Proof of Stake (PPoS), fortifies the network against 51% attacks. It achieves near-instant finality, diminishing the window for malicious activities. Furthermore, cryptographic commitments embedded in its consensus algorithm enhance overall network security.

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