Algorand innovates with Pure PoS, ASA, and inclusive governance, redefining blockchain's scalability and versatility. More
| Fully Diluted Valuation | $2.15B |
|---|---|
| 24H Trading Volume | $83.17M |
| 24H Low / High | $0.25 / $ 0.26 |
| Circulating Supply | 8.72 B |
| Total Supply | 8.72 B |
| Max Supply | 10.00 B |
| Categories | GMCI Layer 1 Index 11 more |
|---|---|
| Founder | Silvio Micali |
| Website | algorand.com Whitepaper 1 more |
| Socials | 7 more |
| Explorer | Bitquery 5 more |
| Name | Pair | OG Score |
|---|
Algorand: Redefining Blockchain Dynamics
Since its establishment in 2019, Algorand has been a transformative force in the blockchain realm, pioneering a groundbreaking protocol known as Pure Proof-of-Stake (PPoS). This unique approach ensures security, scalability, and decentralization without compromising the integrity of funds or validators, setting it apart from traditional blockchain models. Notably, this protocol lays the foundation for an envisioned on-chain governance system, positioning Algorand uniquely within the blockchain landscape.
Algorand's architectural innovation combines a two-tiered structure with the efficiency of Proof-of-Stake, enabling exceptional transaction speeds and finality. Its appeal extends to a diverse investor base attracted by its potential to cultivate a decentralized global economy, providing an environment where both established and emerging businesses can flourish.
Moreover, Algorand introduces the Algorand Standard Asset (ASA) protocol, empowering developers to create smart contracts and tokens, including stablecoins such as USDT and USDC. These assets offer superior throughput and lower transaction fees compared to alternatives on different blockchains. Additionally, the platform implements Role-Based Asset Control (RBAC), offering flexibility in asset management while complying with regulatory standards.
Algorand's applications span diverse sectors beyond the typical crypto domains, encompassing real estate, copyright, microfinance, and governance. Its robust infrastructure has garnered attention from central banks, with the Marshall Islands selecting Algorand as the platform to host its central bank digital currency. Notably, Algorand uses the TEAL programming language, further enhancing its capabilities in facilitating smart contracts and decentralized applications. Through its relentless pursuit of innovation and efficiency, Algorand is not just creating a platform but reshaping decentralized economies and revolutionizing the potential of blockchain technology.
Algorand stands out for its Pure Proof-of-Stake (PPoS) protocol ensuring security, scalability, and decentralization without compromising funds or validators, enabling a distinct on-chain governance system.
Algorand was founded by Silvio Micali, a renowned MIT professor and Turing Award-winning cryptographer, who leads the innovative strides in blockchain technology.
Algorand has attracted diverse investors, including venture capital firms such as Multicoin Capital, Arrington XRP Capital, NGC Ventures, Shima Capital, Kenetic Capital, Union Square Ventures and Eden Block, along with strategic partnerships with organizations like Borderless Capital.
Algorand utilizes the Pure Proof-of-Stake (PPoS) mechanism, distinguishing itself by ensuring network security and consensus without the risks associated with other models, enhancing transaction speeds and finality.
You can buy Algorand (ALGO) on Binance, OKX, BitgetGate.ioBybit cryptocurrency exchanges.
