What is Algorand (ALGO)?

Website: https://www.algorand.com/

Maximum Supply: ALGO

Total Supply: 5,442,788,778 ALGOs

Circulating Supply: 2,946,727,523 ALGO

Explorer: Algorand Explorer

Whitepaper: Algorand Whitepaper

What is Algorand (ALGO)?

Algorand (ALGO) is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient. Algorand is a network to support computations that require reliable performance to establish new forms of trust. Algorand mainnet became active in June 2019. As of December 2020, it can process approximately 1 million transactions per day.

Algorand was created to speed up transactions and increase efficiency as a response to the slow transaction times of Bitcoin and other blockchains. Algorand transfers can take place in as little as 4 seconds, unlike the long transfer times experienced in the ETH ERC20 network. Algorand; It is designed to require much lower transaction fees and mining as it is based on a permissionless, pure proof-of-stake blockchain protocol.

The Algorand blockchain states that 10 billion ALGOs have been minted. The distribution of 10 billion ALGOs will end in 2030, according to the scheduled time.

Who is the Founder of Algorand (ALGO)?

Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology, is the founder of Algorand. Micali was awarded the Turing Award in 2012. With this award, Silvio Micali has become one of the world's leading crypto creators.