Algorand is a blockchain distinguished by its speed, security and efficiency.
It uses a unique consensus mechanism, Pure Proof of Stake (PPoS), to solve the blockchain trilemma of security, scalability and decentralization.
With its fast (1200 TPS), low-cost transactions, Algorand efficiently supports high transaction volumes without compromising performance.
The platform is suitable for a variety of applications, including decentralized finance(DeFi) and digital identity.
The ALGO native token plays an essential role in blockchain governance and operations.
Price Algorand (ALGO)
€ 0,17
-2.8 %
Information on the price
Price variation (24h)
-2.8 %All-time high
€ 3,15
Trading volume (24h)
€ 40 675 385,47
Price variation (7d)
-3.8 %All-time low
€ 0,08
Diluted valuation
€ 1 490 042 933
Price variation (30d)
-29.6 %Circulating supply
8 515 243 427,59 ALGO
Total supply
8 515 248 244,38 ALGO
Price variation (200d)
+54 %Market capitalization
€ 1 490 042 090
Max supply
10000000000 ALGO
Trading opportunity
Suggested entry price
Suggested entry price ALGO
Recommendation
Recommendation ALGO
What is Algorand ?
Algorand
History
Silvio Micali’s ambition was to create a blockchain more efficient and scalable than those already in existence.
Launched in 2019, Algorand stands out for its Pure Proof of Stake (PPoS) consensus mechanism, which aims to solve the issues of security, scalability and decentralization. The blockchain quickly attracted attention with its fast transactions and innovative architecture.
It has evolved to become the platform of choice for DeFi applications and other dApps.
Algorand has forged strategic partnerships with major players such as FIFA and Circle (see USDC).
In 2023, the latest update of the Algorand blockchain brought significant improvements in terms of performance and scalability.
Who are the founders of Algorand
Algorand was launched in 2019 by Silvio Micali, MIT professor and recognized expert in cryptography, accompanied by a team of eminent professors, researchers and academics.
Who are the investors of Algorand
Venture capital funds and companies specializing in blockchain and crypto technologies have invested in the project.
These include Union Square Ventures (one of the first investors), Pillar Venture Capital, and Borderless Capital (formerly Algo Capital).
Why invest in Algorand
Algorand is experiencing rapid growth, characterized by a dynamic ecosystem of projects in the fields of decentralized finance (DeFi) and NFT, all supported by significant strategic alliances.
With fast, cost-effective transactions, the platform is ideal for users and developers alike.
Algorand’s ongoing commitment to innovation presents long-term growth potential for investors.
€ 0,17
ALGO
What is Algorand?
Algorand is a fast, efficient blockchain known for its scalability and security, founded by cryptographer Silvio Micali.
How does Algorand's consensus technology work?
Algorand uses a consensus protocol called PPoS (Pure Proof of Stake), which enables fast, secure transactions with low energy consumption.
What are Algorand's main uses?
Algorand is widely used for decentralized finance applications (DeFi), NFTs (non-fungible tokens), and as a platform for issuing central bank digital currencies (CBDCs).
It offers a robust infrastructure for applications requiring fast, secure transactions.
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