You must be thinking...
What is this guy talking about, what does Ethereum, Circle USDC, Algorand and USDT Tether have to do with it?
Well, come on then, I'll tell you a little bit about Algorand before I get to the details mentioned in the title of the post.
The Protocol
Algorand's use cases go beyond digital assets, as well as infrastructure for stablecoins, supply chain, decentralized finance (DeFi), environment, games, securities, energy sector, digital identity, industry, insurance, commercial and banking sector, public and government sector in general, financial institutions, i.e. generally provides infrastructure for any branch that needs a secure and encrypted way to send and receive anything.
Algorand is a high performance blockchain network infrastructure, fully decentralized using the PPoS consensus protocol (PURE PROOF OF STAKE™) built on a Byzantine agreement.
Through Algorand it is possible to build any application safely on a stable platform, using the ASAs (Algorand Standard Assets) at no cost, just transaction or Smart Contracts (like Ethereum), perform atomic transfer and keying. It is without permission, i.e. no approval from a trusted authority is required to use the Algorand blockchain. There is only one class of users and there are no closed gates.
And now comes our trump card, it requires minimal processing power and modest IT resources to function. All online users who have ALGO in their wallet are automatically eligible to participate in the consensus through the blocks.
That's exactly what you just read... you can believe it. Without freezing assets and with total liquidity, all you need is the balance to enter the portfolio (usually a transaction lasts less than 5 seconds) and you are already participating in the consensus, that is, you are already receiving the rewards of the stake, that is, the earnings.
Problematic
Well, after the explanation, let's get to the point. Algorand's utility, besides the ones mentioned, is also related to the exchange with pairs of stablecoins like USDC and USDT, which are already supported by Algorand's infrastructure, which has a milesimal network fee (0.001 ALGO = $ 0.00044662), according to coingecko today (10/01/2012), and has a transaction speed 100x faster than Ethereum, and is planned for this year 2021 40,000 TPS (transactions per second).
The fact is, so why do people really keep using the Ethereum network? I really don't know, good question. There are already DEX like Jelly Swap that is already supporting Algorand, USDC, USDT and Ethereum as well, but in this case it only depends on people to start using, because currently there are many developers building DApps through Algorand applications like Reach.
The case is that in reality people are still used to the facilities and the pioneering that also counts a lot, or simply for not knowing what's new, but it's time to understand that the blockchain universe has grown, developed, and the current infrastructure must pay attention to the fact that its limited performance can compromise its space as a market leader blockchain. It's only a matter of time before people realize all this.
I hope it has helped you. Here below are some comparisons and materials for your learning.
Comparative
Current performance Algorand x Ethereum:
Algorand - 1000 TPS (transactions per second)
Ethereum - 10-15 TPS (transactions per second)
Use Cases