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.
Read moreHow many algo coins are there?
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 moreIs algo a good coin?
WalletInvestor also has a positive Algorand price prediction. It sees the coin breaking the $1.50 mark in February 2023 and the $3 mark in March 2025. The site describes ALGO as an “awesome long-term (one-year) investment ”. DigitalCoinPrice projects an average value for the coin of $1.10 in April 2022.
Read moreWhy does Algorand have value?
Why does Algorand have value? Algorand is a new public blockchain, meaning its technology, while novel, has not yet seen much testing under real-world market conditions .
Read moreWhat type of coin is Algorand?
Algorand, Inc. Algorand is a pure proof of stake blockchain cryptocurrency protocol that is scalable by solving the blockchain trilemma with its consensus mechanism. The Algorand platform supports smart contracts, and its consensus algorithm is based on proof of stake and a Byzantine agreement protocol.
Read moreWhat is Algorand worth?
Algorand Price Update Algorand PriceValueToday/Current/Last70.781 Day Return-0.54%7 Day Return19.27%Algorand price live today – Cryptocurrency – The Economic Times m.economictimes.com › algorand-price › cryptodetail › symbol-algo
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