Coins
21,676
Market Cap
$2,670.74 B USD
24H Change

-1.98%

24H Volume
$114.12 B USD
Dominance
BTC: 49.66%, ETH: 16.93%
ETH Gas
10 Gwei

ALGO

Algorand

ALGO

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$0.1773 USD

N/A

(24H)

0.000002554 BTC

-1.37%

(24H)

Algorand Price Chart (USD)

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Market Cap (USD)

$1.45 B

24H VOLUME (USD)

$63.89 M

Circulating Supply

8.16 B ALGO

Max Supply

10 B ALGO

Total Supply

10 B ALGO

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General Information

Contract Address

  • icon

    Algorand

    0

About Algorand

Rank #63

Algorand Price Summaries

Latest Data

Algorand’s price today is US$0.1773, with a 24-hour trading volume of $63.89 M. ALGO is +0.00% in the last 24 hours.ALGO has a circulating supply of 8.16 B ALGO and a max supply of 10 B ALGO.


What is Algorand?

Algorand is a self-sustaining, blockchain-based network that supports decentralised applications. This protocol is designed with faster transactions, higher efficiency, and lower transaction fees. ALGO is the cryptocurrency that powers the Algorand protocol.

A brief history of Algorand

Algorand was founded in 2017 by MIT Professor Silvio Micali. A Turing award-winning cryptographer, he is notably the co-inventor of zero-knowledge proofs, probabilistic encryption, verifiable random functions, and many of the protocols that are the foundations of modern cryptography.

As a permissionless pure proof of stake (PoS) blockchain protocol, Algorand was built on the vision to democratise finance and deliver on the blockchain promise. Its white paper, published that same year, was co-authored by Micali and Jing Chen, a professor at Stony Brook University. Using a Dutch auction mechanism, Algorand raised over US$60 million in the public sale of its native token ALGO at launch in June 2019. The company sold 25 million tokens in less than 4 hours.

How Algorand works

Algorand uses a pure proof of stake approach, under which all validators are known to one another and only have to agree on the next block in order to create a new block. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

What is Algorand used for?

Algorand network participants use the ALGO cryptocurrency for staking, which gives them a chance to be randomly selected to propose a new block of verified transactions. ALGO is also being distributed as a reward to these selected participants.

More about Algorand

White Paper

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ALGO Price Statistics

Algorand Price

$0.1773

24h high / 24h low

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Currency Converter

Amount

ALGO

ALGO

1 ALGO = 0.1773 USD

Rate is for reference only. Updated

General Information

Contract Address

  • icon

    Algorand

    0

ALGO Price Statistics

Algorand Price

$0.1773

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

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90d high / 90d low

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All-time high / All-time low

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Trending

Company

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