Algorand
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The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$0.333789
24 Hour % Change
7.22%
Market Cap
$1.23B
Volume (24h)
$151.10M
USD
Linear
Log
to
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
Value proposition
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.
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
May 13, 2020
May 13, 2020
Bitcoin's Explosion Is The Klaxon For DeFi's Renewed Ascent: The New Investment Opportunities On The Horizon
Nov 10, 2020
Bitcoin has gone parabolic, and there will be many investors grumbling out of bitterness that they have once again missed the Bitcoin boat. I understand, having missed the boat in 2013 when I couldn't find a way to buy Bitcoin easily. In my hunt, I ended up on the Silk
Startups working with Algorand's blockchain may receive up to $500,000 in seed funding through the program.
Blockstack and Algorand's Clarity smart contracts will source their data from Chainlink's oracle network.
Algorand’s Move Into DeFi Gives ALGO Price a Boost
Aug 20, 2020
Markets have responded well to Algorand's plans to get in on the DeFi action. The native ALGO token has experienced a jump in price.
The "stateful" smart contracts are a watershed for DeFi projects, Algorand claimed.
