Algorand
ALGO$0.0934
Market Cap
$829.64M
Volume 24h
$54.87M
Vol / Market Cap
6.61%
Rank
#39
ALGO Price Chart
Algorand is a proof-of-stake blockchain focused on security, scalability, and decentralization.
What Is Algorand (ALGO)? Algorand is a proof-of-stake blockchain focused on security, decentralization, and fast transaction finality.
A blockchain using Pure Proof of Stake (PPoS). Validators are randomly selected for each block, ensuring decentralization, security, and instant transaction confirmation.
Carbon-Neutral Finance: Used for staking and as payment for secure, near-instant transactions on a platform aimed at institutional finance and sustainability.
Pure Proof-of-Stake: Has a fixed supply of 10 billion. Used for staking and instant payments, with a validator selection design intended to support decentralization and fast finality.
Unique consensus design remains unproven at global scale; smaller developer ecosystem than EVM-based chains.
