Price Chart for Algorand

ALGO Details

Circulating Supply: 7,249,363,291

Max Supply: 10,000,000,000

Market Cap: $3,022,984,492.35

Algorand, founded by Turing Award-winning cryptographer Silvio Micali, aims to address the scalability and decentralization trilemma faced by many blockchain platforms. It employs a unique Pure Proof-of-Stake (PPoS) consensus mechanism that ensures rapid transaction finality, decentralization, and security without compromising performance.

Algorand's architecture fosters fast block propagation times and a low probability of forks, providing a reliable and efficient environment for decentralized applications and token issuance. Its versatility has led to the adoption of Algorand by various projects, including decentralized finance protocols, stablecoins, and asset tokenization platforms.