Compare Internet Computer (ICP) vs Algorand (ALGO)

ICP is a governance coin for Internet Computer Protocol. DFINITY Foundation owns the Internet Computer Protocol and it is non-profit. The Protocol aims to create a united cloud system where smart contracts and web-based applications can run. Using the ICP, developers can build tokenized web services. ICP coin have a good return since its launch in 2021. ICP is used to vote and participate in decisions for the future of the protocol.

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.