|
ALGO |
|
|
€0.2200555 |
8.87 % (24h) |
|
|
Marketcap |
||
|
€1,892,060,148 |
||
|
Volume 24h |
||
|
€146,954,898 |
Description
Algorand (ALGO) is a blockchain platform that aims to provide a scalable, secure, and decentralized infrastructure for various applications.
Launched in 2019, Algorand uses a unique consensus algorithm called Pure Proof-of-Stake (PPoS), which allows for fast and efficient transactions while maintaining decentralization.
ALGO, the platform's native token, is used for transaction fees, staking, and governance.
Algorand is designed to support a wide range of applications, from decentralized finance (DeFi) to digital identity and supply chain management.