AL

Algorand

ALGO
Layer 1Rank #39Algorand

$0.0955

+4.28%24h
+14.54%7d

Market Cap

$849.45M

Volume 24h

$42.17M

Vol / Market Cap

4.96%

Rank

#39

ALGO Price Chart

About Algorand

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.

How It Works

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.

Use Cases

Carbon-Neutral Finance: Used for staking and as a payment for secure, instant transactions on a platform designed for institutional finance and environmental sustainability.

Tokenomics

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.

Risks & Considerations

Unique consensus model remains unproven at global scale; lack of a massive developer ecosystem compared to EVM.

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