Why Are Crypto Enthusiasts Looking To Store Their Bitcoin and Algorand Holdings In LockYourCrypto.Com?
Bitcoin (BTC) and Algorand (ALGO) are established crypto platforms that have generated massive hype within their communities. While Bitcoin was the crypto market pioneer, Algorand grew its community by setting out clear goals on how to create a self-sustaining, decentralised, blockchain-based network. Both platforms have succeeded in their mission, with Bitcoin being the most talked about cryptocurrency and Algorand remaining sustainable.
So, why are crypto enthusiasts looking to store their Bitcoin and Algorand holdings in LockYourCrypto.Com? LockYourCrypto.Com is a new crypto storage platform that ensures the user is in full control of their assets. The user chooses how they lock up their crypto assets and for how long, rather than experiencing limitations with banks. Let’s find out more about these platforms and why LockYourCrypto.Com is gaining traction.
You’re In Control With LockYourCrypto.Com
When managing your assets, security and privacy are of paramount importance. The crypto market is notorious for scams and hacks that could result in you seeing your wallet drained. However, LockYourCrypto.Com is a non-custodial solution, allowing users to retain complete control over their assets. This reduces the risk of third-party interference when dealing with your assets.
With the constant market trend change, crypto enthusiasts are often sucked into making rash, uninformed, and emotional decisions with their crypto holdings. LockYourCrypto.Com looks to alleviate this stress, helping you keep faith in the market direction by remaining completely transparent.
Decentralised finance (DeFi) is still in its infancy stage, and LockYourCrypto.Com is taking the appropriate steps to ensure users are equipped with knowledge on the best storage platform within the blockchain industry and how to manage their assets in the most simple fashion.
What Makes Bitcoin Unique?
Bitcoin is where the crypto market began. The platform was the first to popularise blockchain technology, utilising a Proof-of-Work (PoW) consensus to confirm peer-to-peer transactions on the network. Although PoW is slow and energy-intensive, the Bitcoin blockchain needs to use it to operate.
When using Bitcoin to pay for items, users are protected from payment fraud. Bitcoin, like the rest of the crypto market, is a digital currency and uses an algorithm and cryptographic protocols to make it impossible to counterfeit.
Like LockYourCrypto.Com, Bitcoin ensures no third-party interference. The transfers on the Bitcoin network are direct and tamper proof due to blockchain technology. Direct transfers also eliminate the fees for involving an intermediary.
Enjoy A Sustainable Network With Algorand
Although Algorand made a name for itself as a sustainable blockchain in the crypto space, there are also several technological advantages that users can enjoy by utilising the sustainable network.
Blocks are finalised within seconds on the Algorand blockchain. Algorand uses a Pure Proof-of-Stake (PPoS) consensus to process an eye-watering 1,000 transactions per second (TPS) at peak performance while remaining sustainable.
Another technological advantage of the Algorand network is its ability to scale. Due to its transaction speed, Algorand is capable of handling more traffic than slow PoW platforms. Additionally, Algorand users are treated to lower transaction costs, typically 0.001 ALGO per transaction.
Final Thoughts
From examining each platform, we can see that crypto enthusiasts are looking to store their Bitcoin and Algorand holdings in LockYourCrypto.Com due to its myriad of innovative features.
LockYourCrypto.Com is one of a kind, giving you full control over your assets while assisting and educating newcomers to the crypto market to ensure you make informed decisions on managing your assets. What more could you ask for from a crypto storage platform?
For more information on LockYourCrypto.Com, use the following link:
Website: http://www.lockyourcrypto.com/
