Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.

Silvio Micali is a professor of computer science at the Massachusetts Institute of Technology, and the founder of Algorand. He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.

Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.

The genesis of the Algorand blockchain states that 10 billion ALGO was minted. The distribution of the fixed and immutable 10 billion ALGO will end in 2030, rather than the initial plan of 2024. For more information about Algorand’s tokenomics, see here.

The Algorand blockchain is a permissionless pure proof-of-stake blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators (using computing power), in the pure proof-of-stake approach all of the validators are known to one another and only have to agree on the next block in order to create a new block.

Algorand can be bought on the following exchanges:

Coinbase

Binance

OKEx

Kraken

Huobi

To check Algorand price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Algorand price page. Alternatively, use the dedicated exchange rate converter page. Popular Algorand price pairs include: ALGO/USD, ALGO/GBP, ALGO/AUD and ALGO/EUR.

The all-time high of ALGO was 3.28 USD on 2019-06-21, from which the coin is now down 86.77890369594512%. The all-time high price of Algorand (ALGO) is 3.28. The current price of ALGO is down 86.77890369594512% from its all-time high.

As of , there is currently 8.32Bn ALGO in circulation. ALGO has a maximum supply of 10.00Bn.

The current market cap of ALGO is 3.61Bn. It is calculated by multiplying the current supply of ALGO by its real-time market price of 0.433651958773.

The all-time low of ALGO was 0.09579889 , from which the coin is now up 352.6690849685211%. The all-time low price of Algorand (ALGO) is 0.09579889. The current price of ALGO is up 352.6690849685211% from its all-time low.

Algorand (ALGO) has a market capitalization of $3.61Bn and is ranked #55 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Algorand (ALGO) price trends and patterns to find the best time to purchase ALGO.