|
Algorand ALGO |
|
|
€0.173572 |
-0.47% (24h) |
|
|
Marketcap |
||
|
€1,499,050,711 |
||
|
Volume 24h |
||
|
€55,330,314 |
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.