5 Best Cryptocurrencies To Invest Your $1000

1. Algorand  

Algorand is a cryptocurrency that was created in 2017 by a team led by Silvio Macali, a professor at MIT and an expert in cryptography. The currency was adopted as the first national digital currency by the Marshall Islands in 2020. The use of Algorand makes it easier for the finance institutions of Marshall Islands to be a part of the global economy since the network allows them to move money at higher speeds and for lower fees than traditional banks. The Algorand network is a faster, more efficient chain based on the Ethereum protocols.

Algorand has a strong focus on increasing the transactions per second on the chain to 1000. Presently, the Ethereum network can only support upto 30 transactions per second, a problem that is also the cause for higher fees on the platform. Algorand also aims to finalize transactions on the network to a maximum time of less than five seconds. 

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