Algorand
ALGO$0.0955
Market Cap
$849.45M
Volume 24h
$42.17M
Vol / Market Cap
4.96%
Rank
#39
ALGO Price Chart
Algorand is a proof-of-stake blockchain focused on security, scalability and decentralization.
Algorand is a proof-of-stake blockchain focused on security and decentralization that supports smart contracts, tokenization and fast finality.
A blockchain that uses "Pure Proof of Stake" (PPoS). It selects validators randomly and secretly for every block, ensuring the network is highly decentralized, impossible to fork, and finishes transactions instantly.
Carbon-Neutral Finance: Used for staking and as a payment for secure, instant transactions on a platform designed for institutional finance and environmental sustainability.
Pure Proof-of-Stake: Has a fixed supply of 10 billion. Used for staking and instant payments. Its unique "PPoS" model ensures that every token has equal voting power, preventing the "rich get richer" problem of other PoS chains.
Unique consensus model remains unproven at global scale; lack of a massive developer ecosystem compared to EVM.
