Props Project, a decentralized application network with Dating.com, migrated from a private blockchain to Algorand (ALGO)..
The independent application network ‘Props’ uses the ‘Props Token’ as a reward mechanism. It currently has over three million users in various applications. The company developed PropsChain, a private fork from Ethereum The company currently processes 50,000 transactions per hour.
No need to sacrifice
However To achieve greater scalability and transparency, the company chose Algorand’s public blockchain. The CEO of Algorand, Steven Kokinos told Cointelegraph that Algorand differed from “first generation blockchains” in that scalability did not have to be sacrificed for security or decentralization:
“Until now, people have had to implement a private blockchain to achieve scalability and performance if they have a large user base. If they didn’t, they could consider a decentralized system. I think the props are acting it’s an application or set of apps that makes the most sense on a public network but just didn’t have a way to do it. We’re very happy that they’re being introduced to Algorand and bringing their users online.
Integration in the popular dating network
D.ating.com, a conglomerate of 15 international dating apps with more than 73 million registered users, has invested in Project Props and it intends to integrate Props into some of its applications.
Nick Grossman, partner at Union Square Venture, who is another investor in the Props Project, said:
“Props brings one of the best crypto features that let attendees transfer the wealth generated in the networks that contribute to growth to the main applications.”
Blockchain has often been criticized for lack of acceptance, so adoption by a consumer-centric project with millions of users is a promising sign..
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