Buy Algorand online

Algorand is a blockchain that was launched in June 2019.
The Algorand project is mainly due to Silvio Micali, a well-known figure in cryptocurrency.
Algorand falls into the category of layer 1 blockchains like Ethereum.
The blockchain enables the execution of smart contracts linked to applications in decentralized finance(DeFi), NFTs, metavers and more.
The project’s market capitalization is close to 1.5 billion euros, putting Algorand on the doorstep of the world’s top 50.
Algorand’s blockchain architecture consists of two chains, depending on the complexity of the smart contracts involved.
In addition to layer 1, Algorand has a layer 2 for the execution of complex, heavyweight smart contracts.
This architecture gives Algorand a high degree of scalability.
Another technological feature to be aware of is its Pure Proof-of-Stake (PPoS) consensus mechanism.
As the name suggests, this is a variant of the classic POS used on Cardano or Ethereum, for example.
The main difference is that PPoS enables ALGO coin holders to become network validators without having to block their cryptos.
The ALGO coin is used to operate the Algorand network.
It is a cryptocurrency that acts as a store of value and enables its holders to participate in governance.
The number of ALGO coins in circulation is capped at 10 billion.
Note that the smallest ALGO division is called the micro-Algo and is equal to 0.000006 ALGO.
View the ALGO price live below.

The Algorand blockchain is based on highly advanced technology, such as the use of the unique Pure Proof of Stake (PPoS) consensus mechanism and two-layer operation.
This architecture positions Algorand well in terms of decentralization, scalability and security.
Algorand also counts among its key developers a big name in crypto, Silvio Micali.
A professor at MIT, he won the Turing Award in 2012 (the equivalent of the Nobel Prize in physics) for his crypto work.
Silvio Micali is notably behind the zk-proof consensus mechanism used on certain cryptocurrencies such as ZCash (ZEC) and Mina (MINA).
TheAlgorand ecosystem is dynamic, with numerous DeFi projects, NFTs, Gaming, bridge solutions, oracles and more.
The Algorand blockchain has partnerships with major players such as Nirvana Capital, Spark Pool, CPC and USV.
Above all, it is already being used in large-scale projects.
For example, El Salvador (which has adopted Bitcoin as its official currency) uses Algorand to run its official Chivo wallet.
But Algorand can also be used as an infrastructure for CBDC (central bank electronic currency) projects, as is the case in the Marshall Islands.
At the end of 2022, the Algorand blockchain was selected to operate an “innovative digital collateral platform” for the Italian banking and insurance markets.

A crypto security pioneer: Coinhouse has extensive experience in crypto.
This enables the exchange to implement effective security processes against new threats. A single, simple menu : The platform’s developers have designed an ergonomic interface.
With a single menu on the left and Buy, Sell and Trade buttons in the center, navigating Coinhouse is a breeze. French-language customer service: Cryptocurrency is a field with its own specificities.
Coinhouse spares you the hassle of having to explain a problem in English by putting a French-based customer service at your disposal. A platform recognized by the AMF: Coinhouse is PSAN registered with the Autorité des Marchés Financiers (AMF).

1. Registration: Opening an account is the first step to buying Algorand on Coinhouse.
   The exchange simply asks you to complete an online questionnaire.
2. Verification: Before opening your account, Coinhouse verifies that no one is impersonating you.
   To do this, the platform performs an identity check.
3. Depositing funds: Buying Algorand isn’t free!
   So you’ll need to deposit funds on the exchange first, either by credit card or bank transfer.
4. Buying ALGO: The easiest way to buy Algorand on Coinhouse is to click on “Buy” and use the euro funds you have deposited.
   Alternatively, you can buy USDT or USDC stablecoins(buy USDC) and exchange them for ALGO cryptos.
5. Secure storage: To store your ALGO cryptos securely, the easiest way is to transfer them to the integrated Coinhouse crypto wallet.

To sell your ALGO cryptos, you’ll find the “Sell” button on the home page.
Next, you’ll need to enter how many ALGO cryptos you’d like to sell, and then provide your bank details for the transfer.
You’ll receive the funds in euros within one to three working days.

A surge in users.
Between September 2023 and February 2024, the Algorand blockchain recorded a daily user boom of 250%. Algorand supports Web3 in India.
The Algorand Foundation signed a partnership with T-Hub, an Indian incubator, in February 2024.
This will enable Algorand to support around twenty high-potential Web3 projects in the country. Silvio Micali awarded by INATBA.
The annual gala of INATBA (The International Association for Trusted Blockchain Applications) was held on January 30, 2024.
The evening’s prize was awarded to Silvio Micali for his work in the field of blockchain.