Algorand
Current price
$0.1085
−9.66%24h
LiveUpdated 25s ago
TodayAlgorand drops 9.7%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.46%
- 24 hours−9.66%
- 7 days−19.03%
- 30 days+15.70%
- 1 year−44.21%
Algorand's move in context
Lagging the market today
−9.66% today against −3.26% for the market as a whole, a gap of 6.4 points. A gap this wide suggests something specific to Algorand may be moving it, not just the market mood.
Trend has turned
−19.0% over 7 days and +15.7% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Algorand
Algorand (ALGO): A Scalable and Secure Blockchain for Decentralized Applications
Algorand (ALGO) is a decentralized, open-source blockchain designed to provide high scalability, security, and decentralization. Founded by MIT professor Silvio Micali in 2017, Algorand aims to solve the blockchain trilemma, which refers to the challenge of balancing scalability, security, and decentralization. The blockchain utilizes a unique consensus mechanism called Pure Proof-of-Stake (PPoS), allowing for fast, efficient, and secure transactions without sacrificing decentralization.
Key Features of Algorand
Pure Proof-of-Stake (PPoS) Consensus: Algorand’s PPoS mechanism allows all ALGO holders to participate in the consensus process, enabling them to create new blocks and confirm transactions. This approach ensures that the network remains secure and decentralized while allowing for rapid transaction processing.
High Scalability: Algorand is capable of processing thousands of transactions per second (TPS), making it suitable for a wide range of applications, including decentralized finance (DeFi) and enterprise solutions. Its efficient architecture allows the network to handle a growing number of transactions without compromising performance.
Instant Finality: Transactions on the Algorand network achieve finality within seconds, eliminating the need for long confirmation times. This instant finality enhances the user experience, especially for applications that require quick transaction settlements.
Security and Decentralization: Algorand prioritizes security and decentralization, ensuring that the network is resistant to attacks and censorship. By allowing all ALGO holders to participate in the consensus process, Algorand creates a truly decentralized network that is controlled by its users.
Smart Contracts and dApps: Algorand supports the development of smart contracts and decentralized applications (dApps), enabling developers to build and deploy scalable solutions on its platform. The Algorand Virtual Machine (AVM) facilitates the execution of complex smart contracts, opening new possibilities for innovation.
Tokenization of Assets: Algorand allows for the seamless tokenization of assets, enabling the creation of new financial instruments and digital assets. This feature empowers businesses and individuals to unlock liquidity and create new markets.
Environmental Sustainability: Algorand is committed to sustainability and operates on a proof-of-stake model that requires significantly less energy than traditional proof-of-work blockchains. This makes it an eco-friendly option for developers and users.
In summary, Algorand (ALGO) is a pioneering blockchain platform that addresses the challenges of scalability, security, and decentralization. With its innovative PPoS consensus mechanism, rapid transaction processing, and support for smart contracts, Algorand is well-positioned to become a leading player in the blockchain space, facilitating the development of a wide range of decentralized applications and solutions.
Algorand market
- Position by market cap among the coins we track.
- #60
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $984.31M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1078High $0.1224
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $3.56
- Now 3% of itReached 20 Jun 2019 · Needs +3,181% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 9.07B ALGO
- 91% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 10B ALGO
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 10B ALGO
- The most coins that can ever exist. Some coins have no limit.
Algorand converter
1 Algorand = $0.1085
