There is a hard supply cap of 10 billion ALGO coins, which is allocated as follows: 3 billion ALGO to be released into circulation over the first five years (including the initial auction of 25 million ALGO coins) 1.75 billion ALGO estimated to be distributed over time as rewards for participation nodes.
Read moreWhat is built on Algorand?
Hundreds of organizations comprised of fintechs, startups, financial services, institutions, and defi are currently building on Algorand. The robust community is creating a healthy ecosystem of organizations that are aligned with Algorand’s longer term vision for the future of finance.
Read moreWhat kind of coin is Algorand?
The Algo is the crypto-currency of the Algorand blockchain . The Algorand blockchain has been built to help create an open, borderless economy where everybody can participate. This new type of digital economy can only run on a truly digital currency that works instantly, for everybody. This is the Algo.
Read moreWho uses Algorand?
What is Algorand used for? The public version of the Algorand blockchain is primarily designed to enable other developers to create new kinds of applications fuelled by cryptocurrency. The platform has been used in real estate, copyright, microfinance and more .
Read moreIs Algorand faster than Ethereum?
There are pros and cons though, the big pros being the fact that Algorand is faster than Ethereum and that it has no concept of gas fees. The minimum transaction on Algorand is 0.001 Algos and it depends only on the size of the transaction.14 Ara 2021
Read moreWhat is so good about Algorand?
Algorand is a unique blockchain because of its environmentally friendly consensus mechanism , and because the blockchain is fully decentralized, there’s no single point of authority that can influence the network. Hundreds of organizations are currently building on Algorand.1 Oca 2022
Read moreIs Algorand better than ethereum?
The unique framework coupled with an armoury of features put Algorand far ahead of Ethereum . It has thus been included in the list of ‘Ethereum Killers. ‘ (Cardano, Polkadot, and Solana are among the strongest contenders on the same list.)
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