Compare Algorand (ALGO) vs FTX Token (FTT)

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.

FTT is a native coin of decentralized FTX cryptocurrency exchange platform with its derivatives and leveraged products. FTX stands out with its wide range of trading products. FTX platform accepts major fiat currencies via wire transfer. FTT is the utility token on the platform and can be used to pay lower fees and be used as collateral. FTX's founder and CEO is a famous crypto enthusiast Sam Bankman-Fried.