Compare Cosmos (ATOM) vs Algorand (ALGO)

Atom is the native token for Cosmos network which is known for the internet of blockchains. Cosmos is a decentralized network that enables developers to create independent interoperable blockchains. Independent blockchains created on Cosmos are interoperable and can have their native tokens. Cosmos network stands out with low-cost, fast, and low-carbon footprint transactions. Atom prices almost quadrupled in 2020.

Algo is the native cryptocurrency of Algorand Blockchain. Algorand blockchain is open-source and decentralized. Algorand Blockchain has its unique consensus mechanism with a two-tiered structure based on proof of stake. Algorand was created by MIT professor Silvio Micali and launched in 2019. Algorand aims to solve blockchain trilemma with ultra-fast transactions with high security. Algo is a promising coin focused on payment network functionality.