Algorand is the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products.
ZONE is one of the first DeFi projects, and currently the sole GameFi ecosystem to exist on the Algorand blockchain. The decision to build ZONE on the Algorand blockchain has 3 primary modalities:
Miniscule transaction fees - High transaction fees have long been a nasty barrier of entry to defi services. The Algorand chain topologies require minuscule transaction fees. Usually $0.001 per transaction — regardless of the transaction size. Ethereum’s extremely volatile gas fees can go up to $50 per transaction.
High TPS and instant finality - Compared to Ethereum which can achieve TPS of fewer than 15, Algorand can process more than 1,000 transactions per second and Algorand's block finalization time will shrink from the current 4.5 seconds to 2.5 seconds in the future. All of this directly translates to a faster, fluid-like web app experience on the front-end with the backend defi layer taking advantage of Algorand’s unique layer-1 smart contracts.
Simple wallet configuration - Leveraging elliptic curve cryptography and Zero-Knowledge Proofs, logging in to the Zone GameFi ecosystem is as simple as typing in your email. A wallet is automatically generated which manages non-custodial crypto keys for each user. Users receive a link in their inbox which is then used for authentication. In the case of advanced users who wish to manage their wallet end-to-end, Zone has partnered with My Algo Algorand wallet allowing users to create and manage their wallets with locally stored private keys that are encrypted with a password. The private keys never leave the user’s device and there is no need to install any software extensions.