Layer 1 Protocol

According to reports, according to data from the encryption analysis platform IntoTheBlock, the Layer 1 Proof of Rights Protocol Algorand (ALGO) currently has more than 16.4 million addresses in a loss state, accounting for more than 98% of the total registered addresses on the Algorand chain, and its performance also lags behind peers such as Ethereum, Cardano, Solana, and Avalanche. （u.today） Data: More than 98% of Algorand’s addresses are in a loss state Analysis based on this information:According to reports, Algorand’s Layer 1 Proof of Rights (PoR) protocol is currently experiencing significant issues, serving as a major obstacle to the blockchain’s growth and adoption. Data from the encryption analysis platform IntoTheBlock shows that Algorand has more than 16.4 million addresses in a loss state, accounting for more than 98% of the total registered addresses on the Algorand chain. This alarming figure is almost twice that of Ethereum’s, a cryptocurrency that currently accounts for 60.7 million addresses. The layer 1 protocol…