Hedge fund manager Anthony Scaramucci said a competitor of () can become the Google of the market .

In a recent interview on CNBC, Anthony Scaramucci said the platform's high speed and low carbon footprint Algorand () can help the project take a big step forward in competition with .

Algorand Is one Pay attention to the issue. They use a pure Proof-of-Stake (PPoS) consensus mechanism that does not require participants to solve complex puzzles to validate blocks.

The protocol allows Algorand to solve the scalability problems of and process multiple transactions at the same time without incurring high transaction fees.

Scaramucci explained why Skybridge recently poured 100 million USD to invest in the project this:

“Skybridge Research believes Algorand has a real chance of overthrowing Ethereum: it's faster, has lower transaction fees. It has a low carbon footprint.”

Scaramucci then compared Algorand to the giant Google, which toppled many rivals in the early days of the Internet.

“As that community grows, I think we are investing in something like Google.

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You and I can remember when Alta Vista and AOL were the lead projects in the infancy of the Internet and how they were ousted by Google. So a project like Algorand is something we are investing a lot of money and resources into.”

At the time of writing, the project token Algorand is trading at 1.7 USD.

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