What is Algorand?

Algorand is a decentralized network built to solve the blockchain trilemma of achieving speed, security, and decentralization simultaneously . Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permissionless and open-source blockchain network upon which anyone can build.

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Is algo a coin or token?

Introducing the Algo – possibly one of the most important, native tokens ( coins ) in the world of cryptocurrencies today. The Algo is the native token of the Algorand blockchain. As such, the Algo has all the key features of the Algorand blockchain itself.

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