Algorand
ALGO
Algorand (ALGO) Feed: Events, News & Roadmap
Algorand to Integrate Python on March 27th
Algorand is set to incorporate Python in its system in March. This development is expected to provide more flexibility and efficiency in the platform’…
Partnership With DWF Labs
Algorand and DWF Labs announce a strategic partnership
Community Call
Join to community call
AMA on Telegram
Join to an AMA on Telegram
Decipher 2022 in Dubai, UAE
Decipher is a must-attend conference for anyone interested in Web3 and blockchain. Connect with leaders throughout and beyond the Algorand ecosystem: …
Listing on Coinstore
Listing on WhiteBIT
Listing on P2PB2B
AMA
Synopsis Summit: Edition 5
New ALGO/USDC Trading Pair on KuCoin
New ALGO/ETH Trading Pair on Tokocrypto
Listing on FTX US
Listing on FTX
Miami Meetup, USA
Listing on BitForex
AMA on Twitter
AMA on Twitter
Delisting ALGO/BIDR Trading Pair From Binance
Listing on AAX
Algorand Events on the Chart
What is Algorand?
Algorand, founded in 2017 by MIT Professor Silvio Micali, is a blockchain network that launched its mainnet in June 2019 along with its native cryptocurrency, ALGO. It is designed for scalability, supports smart contracts, and aims to serve financial services, DeFi, fintech, institutions, and the creator economy. Algorand introduces a decentralized, public, Pure Proof-of-Stake blockchain that can support customized layer-1 blockchains for specific applications, claiming to have solved the blockchain trilemma.
The scalability of Algorand is attributed to its Pure Proof of Stake (PPoS) consensus mechanism, which allows rapid processing of transactions without compromising on decentralization. Unlike traditional PoS and PoW mechanisms, where a small group of validators or large mining pools dominate, Algorand’s PPoS randomly selects validators and block proposers from all participants holding a participation key, with the selection chances proportional to their stake. This system enables a more decentralized and secure network by allowing any staker running a node the possibility to be a validator without a minimum stake requirement.
The ALGO token, with a maximum supply of 10 billion coins to be distributed by 2030, serves as the native cryptocurrency of the Algorand network. It facilitates transactions within the Algorand ecosystem, acting as a medium for fees and rewarding validators for their contribution to network security and operation. The inclusive nature of Algorand’s consensus mechanism, combined with the strategic distribution of ALGO, underscores the platform’s commitment to decentralization and accessibility.