Bitcoin Halving

Algorand

ALGO

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Price
$0.333789
24 Hour % Change
7.22%
Market Cap
$1.23B
Volume (24h)
$151.10M
Linear
Log
to
1h12h1d1w1m3m1y
Key metrics
24 Hour Low
$0.293133
24 Hour High
$0.341756
Net change
$0.022470
24 Hour Open
$0.311330
All time high
$3.56
Total Supply
3.68B
Returns (24H)
7.22%
Returns (YTD)
53.96%
Volatility (30d)
0.99
Transaction Count (24h)
n/a
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
n/a

About Algorand

Category
Software Platform
Value proposition
Global computer

Algorand is a proof-of-stake (PoS) blockchain that supports smart contracts. Its protocol uses Pure PoS, through which users are selected on a random and secret basis to propose blocks and vote on proposals. In that way, the blockchain ensures that each user’s influence on the choice of a new block is proportional to the user’s stake in the system. Founded by MIT professor and Turing Award recipient Silvio Micali in June 2019, Algorand is designed as a scalable and secure blockchain free of potential governance issues such as forks. The network’s Algorand 2.0 update, released in late 2019, adds decentralized finance (DeFi) features and smart contracts.

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Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

Foundations - Consensus: Distributed