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    Governance.Period.2.Initial.Commitments.Algorand

    Algorand is a project that has just entered the world of cryptocurrencies and is among the 100 most important projects. The cryptocurrency community has shown huge interest in this project. It is often cited as one of the most exciting projects currently being worked on. An important feature of the Algorand network is the algorithm of network consensus, which has dramatically increased security, speed, and scalability by modifying conventional methods. The Pure PoS consensus algorithm is used in Algorand, which blocks all users from committing violations. For this network to function properly, two-thirds of the network must be honest and verify transactions honestly. If you have an honest leader proposing a block, the first vote will take place when the participants in the block network receive it. This means that after the block has been proposed to all participating nodes, it will be approved by a round of voting. To scale this process with a large number of network nodes, Algorand has developed a unique mechanism based on random verifiable functions. This solution allows the participant to check privately and see if they have been selected to participate in the agreement in the next block, and then insert the selection certificate in their network messages.

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    The number of commitments to second governance voting is visualize by day in the proposed period. As illustrated, in the first day of commitment period the number of commitments are very low in comparison with end of period.

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    The total quantity of committed Algo to second governance period is illustrated over the commitment period. As can be seen from this bar-chart, the quantity of committed Algo is grown in the last days of second commitment period.

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    In the second period of governance commitment, some wallets provide Algo to governance voting. Here is the top wallets that committed Algo to second governance commitment. According to this donut-chart, the percentage and amount of committed Algos are represented to each address.

    As mentioned in the question, the second period of governance commitment ended at Jan 6, 2022. The detailed investigation on this commitment period is done based on the proposed approach.

    According to the current balance of wallets(users), the percentage of their committed Algos is shown in this graph. In this analysis, the amount of committed Algo is considered less than holding Algo. the percent of commitment varies with size of wallets. it can be conclude that, the great holders of Algo committed more amount to governance voting system to affect the results.

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