Algorand
ALGO Rank #84
Layer 1Smart Contract Platform
₹8.73
▼ 3.27%
24h
Market Cap
₹78,317,468,206
24h Volume
₹490,679
All-Time High
₹340.30
All-Time Low
₹7.66
Circ. Supply
8,969,018,347
of 10,000,000,000 max
Fully Diluted
₹87,320,000,000
Price Chart
24h Price Range
INR
₹8.56
₹9.11
Overview
About Algorand
Algorand is a fast, low-fee blockchain built to support payments, tokenized assets, and decentralized apps at scale, using a proof-of-stake design created to avoid the energy use of mining. Its token is ALGO.
Algorand was founded by Silvio Micali, an MIT professor and winner of the Turing Award, computer science's highest honor, for his foundational work in cryptography. He launched the network in 2019 aiming to solve what he called the blockchain trilemma: achieving security, scalability, and decentralization simultaneously.
Algorand uses pure proof of stake, where a randomly and secretly selected committee of token holders proposes and votes on each block, with the selection process designed so no one knows who was chosen until they act, preventing targeted attacks. Blocks finalize immediately with no possibility of chain reorganization, and fees remain fixed and low.
ALGO pays transaction fees and is held by all participants in the network's consensus process, whether or not they actively stake. The Algorand Foundation has focused heavily on institutional and government partnerships, including national digital currency pilots and asset tokenization projects.
Key Facts
Market Rank#84
Max Supply10,000,000,000
Circulating8,969,018,347 ALGO
SymbolALGO
