Algorand
ALGO
$0.105
-1.44
%
#35
36
12
8
31
8
0
AI Summary
Last updated Oct 23, 2026A blockchain platform designed for speed and efficiency, Algorand aims to enable secure and scalable decentralized applications. It utilizes a unique consensus mechanism to achieve high transaction throughput while ensuring low latency.
As of now, Algorand holds the rank of 35 among cryptocurrencies. Its circulating supply stands at approximately 8.78 billion ALGO tokens, with a total and maximum supply of 10 billion ALGO tokens. The platform was launched on June 19, 2019.
Algorand was founded by Silvio Micali, a Turing Award-winning computer scientist. The project emerged with the goal of addressing issues related to scalability and decentralization in blockchain technology.
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Frequently asked questions
What is Algorand (ALGO)?
Algorand (ALGO) is categorized as a layer 1 utility token for its own Blockchain network. AlgorandA's goal is to solve the "Blockchain Trilemma", aspiring to offer optimal levels of scalability, security, and decentralization simultaneously. It is designed to facilitate quick and efficient on-chain transactions and is especially focused on creating a borderless economy where assets can be stored, exchanged, and used globally.
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Challenges of Algorand (ALGO)
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