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Both NXT and Algorand Claim to Have Developed First Proof-of-Stake Chain

cointelegraph.com

Cryptocurrency Algorand (ALGO) claims in its promotional materials to be the first proof-of-stake, or PoS, blockchain, but NXT lead developer Lior Yaffe claimed that his project was first. In a June 3 tweet, Yaffe accused Algorand’s of misleading the cryptocurrency community for marketing purposes, by falsely claiming to be the first PoS blockchain.

He wrote: As Yaffe pointed out in a subsequent tweet, Algorand uses the claim on its official website and in much of its promotional material. While he criticized the aforementioned project’s claim, Yaffe admitted that he believes “Algorand is by itself a decent project” with solid technical foundations.

Read in Full: cointelegraph.com

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