Algorand is a new-gen blockchain that is bridging the decentralized and centralized world of finance. Its native crypto is ALGO.
Algorand Standard Assets run on the blockchain's "Layer-1" and include fungible, non-fungible, restricted fungible, and restricted non-fungible assets.
Here's what I like the best about Algorand Standard Assets:
1. Role-based asset controls are supported for business, compliance, and regulatory requirements.
2. Asset accounts can be "quarantined" for investigations.
3. "Forced" asset transfers can be done for legal compliance.
4. Permissions can be configured so that only "whitelisted" addresses can transact.
5. Off-chain asset documentation can be included in the on-chain asset definition.
6. Users can "opt-in" to accept new assets.
Another feature I like in Algorand is "Rekeying in Layer-1", which enables a user to change their private key without changing the public address.
Consensus mechanism:
Pure Proof of Stake