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Algorand

Algorand ALGO

coin
Algorand Price (ALGO)
$0.1616
1.73% Buy ALGO

0.0000890 ETH

0.00000601 BTC

Low: $0.1598
High: $0.1645
24h
Market Cap
$1,170,426,915
1.73%
Fully Diluted Market Cap
$1,616,440,211
1.73%
Volume
24h
$27,382,460
51.95%
Volume / Market Cap
0.0234
Circulating Supply
7,240,768,368 ALGO
72.41%
Max Supply
10,000,000,000
Total Supply
7,616,870,012
Algorand ALGO
Price: $0.1616
1.73% Buy ALGO
Price: $0
1.73%
Buy ALGO
permissionless <strong>public blockchain<\/strong>. It supports a huge variety of scalable and efficient decentralized applications. If you&rsquo;re interested in the current Algorand price, check out the ALGO price chart above.<\/p>\r\n<p>The project's main goal is to use the blockchain platform to create a borderless economy. According to the project, a borderless economy is one in which everything of value can be exchanged completely frictionlessly between two or more parties.<\/p>\r\n<p>Apart from that, it also aims to solve the scalability issues of other blockchains. One of the major issues facing the blockchain industry is finding the ideal mix between security, decentralization, and scalability, which is what Algorand is trying to do.<\/p>\r\n<p>It&rsquo;s important to note that <strong>Algorand never forks. <\/strong>It means that the Algorand blockchain cannot be altered in any way, and that neither a soft fork nor a hard fork can occur. This contributes to Algorand&rsquo;s continued speed, stability, and protection against malicious network attacks.<\/p>\r\n<p>Algorand employs a unique <strong>Pure Proof-of-Stake (PPoS)<\/strong> algorithm. It is based on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-byzantine-fault-tolerance-bft/">Byzantine consensus. The amount of tokens each user has invested in the system determines how much of an impact they have on the decision to create a new block. To propose blocks and cast votes on proposed blocks, users are chosen anonymously and at random. Every online user has the opportunity to be chosen to vote and make a proposal.<\/p>\r\n<p>Besides, <strong>PPoS does not require users to set aside a portion of their stake<\/strong> in order to participate in the process of consensus. Thus, it does not limit a user's capacity to spend their stake. Algorand stakers are allowed to use their stake whenever they choose because it&rsquo;s not locked in a staking pool.<\/p>\r\n<p>The use of such a consensus mechanism reduces the need for unnecessary electricity use. In addition to that, it enables the processing of a considerably higher number of transactions per second without compromising decentralization.<\/p>\r\n<h2>The Story of Algorand<\/h2>\r\n<p>The Algorand network was founded by <strong>Silvio Micali<\/strong> on June 19th, 2019. On the same day, an Algorand <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">ICO was held, during which the ALGO price was $2,4. It was organized as a <strong>Dutch Auction<\/strong>, meaning that the price was meant to decrease during a certain time period. The ICO resulted in $60 million that was dedicated to the development of the Algorand crypto project.<\/p>\r\n<p>Apart from being a founder of Algorand, Silvio Micali is also a professor of computer science at MIT. Besides, his work in the fields of secure two-party computation theory, electronic money, and various blockchain or crypto protocols earned him the Turing Award in 2012.<\/p>\r\n<h2>The Purpose of ALGO Coin<\/h2>\r\n<p>ALGO is the utility token of Algorand. The token is scalable and really fast. It allows users to complete transactions in roughly 4 seconds no matter if it&rsquo;s the first transaction of the day or the millionth. Besides, ALGO transactions are really low-cost compared to some other crypto assets.<\/p>\r\n<p>The main use cases of Algorand tokens are the following:<\/p>\r\n<ul>\r\n<li>ALGO is used to <strong>secure the PPoS consensus mechanism<\/strong> used in the creation process of each block;<\/li>\r\n<li>ALGO is used as <strong>a<\/strong> <strong>payment method<\/strong> for transactions on the Algorand blockchain;<\/li>\r\n<li>ALGO is used as <strong>a<\/strong> <strong>governance token<\/strong>, providing users with the ability to participate in the decision-making processes.<\/li>\r\n<\/ul>\r\n<h2>The Tokenomics of ALGO<\/h2>\r\n<p>The maximum supply of ALGO coins is 10 billion. During its initial ICO, 25 million tokens were distributed. Overall, the project seeks to distribute 600 million coins in an annual auction until the max supply is reached.<\/p>\r\n<p>Algorand announced a <strong>200 million ALGO staking incentives program<\/strong> in August 2019. In order to get rewards, users had to register their wallets before the 1618450th block was created, which happened by the end of August. Those who managed to do that had to undergo the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//tutorials//kyc-meaning/">KYC (Know Your Customer)<\/strong><\/a> process in order to receive their rewards.<\/p>\r\n<p>If you want to buy Algorand coins, just be aware that the ALGO price is subject to fluctuation. Similar to how the prices of the majority of crypto assets are affected, the Algorand price is also impacted by a variety of factors that affect the whole crypto market.<\/p>\r\n<h2>The London Bridge<\/h2>\r\n<p>Despite promising low-cost transactions, minimal latency, and excellent scalability, Algorand has had trouble luring liquidity to its ecosystem. As the Algorand Foundation announced in February 2022, it will implement the London Bridge on the Algorand network. The foundation has dedicated $10 million for that.<\/p>\r\n<p>In essence, the London Bridge is a trustless bridge that would provide Ethereum compatibility to the Algorand network. <strong>The bridge would allow Algorand to link various decentralized applications (dApps) to its blockchain this way drawing in more liquidity.<\/strong><\/p>\r\n<p>Algorand chose to do that specifically with Ethereum since it has one of the most developed dApp ecosystems. However, in the future, Algorand plans to connect to even more blockchains, which would eventually allow it to establish a strong and stable DeFi ecosystem.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/algorand-algo-price","crypto_currency_info":{"id":217,"crypto_currency_id":76,"description":"Algorand (ALGO) is a cryptocurrency . Algorand has a current supply of 7,063,095,770.730048 with 6,627,737,233.323682 in circulation. The last known price of Algorand is 0.89473851 USD and is up 4.19 over the last 24 hours. It is currently trading on 196 active market(s) with $379,607,009.27 traded over the last 24 hours. More information can be found at http:\/\/algorand.foundation.","tags":"[\"pos\",\"platform\",\"research\",\"smart-contracts\",\"arrington-xrp-capital-portfolio\",\"kenetic-capital-portfolio\",\"usv-portfolio\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/4030.png","original_links":"{\"website\":[\"http:\\\/\\\/algorand.foundation\",\"https:\\\/\\\/www.algorand.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/AlgoFoundation\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/algorand-foundation\",\"https:\\\/\\\/forum.algorand.org\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/AlgorandFoundation\",\"https:\\\/\\\/discord.gg\\\/QBYp7Y2\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/algoexplorer.io\\\/\",\"https:\\\/\\\/algoscan.app\\\/\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\"],\"technical_doc\":[\"https:\\\/\\\/www.algorand.com\\\/resources\\\/white-papers\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\"],\"announcement\":[\"https:\\\/\\\/algorand.foundation\\\/algorand-foundation-marks-new-chapter-in-global-economics-with-inaugural-auction\"]}","links":"{\"website\":{\"algorand.foundation\":\"http:\\\/\\\/algorand.foundation\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/AlgoFoundation\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/algorand-foundation\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/AlgorandFoundation\",\"discord.com\":\"https:\\\/\\\/discord.gg\\\/QBYp7Y2\"},\"explorer\":{\"algoexplorer.io\":\"https:\\\/\\\/algoexplorer.io\\\/\",\"algoscan.app\":\"https:\\\/\\\/algoscan.app\\\/\"},\"technical_doc\":\"https:\\\/\\\/www.algorand.com\\\/resources\\\/white-papers\",\"source_code\":\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\"}","data":"{\"id\":4030,\"name\":\"Algorand\",\"symbol\":\"ALGO\",\"category\":\"coin\",\"description\":\"Algorand (ALGO) is a cryptocurrency . Algorand has a current supply of 7,063,095,770.730048 with 6,627,737,233.323682 in circulation. The last known price of Algorand is 0.89473851 USD and is up 4.19 over the last 24 hours. It is currently trading on 196 active market(s) with $379,607,009.27 traded over the last 24 hours. More information can be found at http:\\\/\\\/algorand.foundation.\",\"slug\":\"algorand\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/4030.png\",\"subreddit\":\"AlgorandOfficial\",\"notice\":\"\",\"tags\":[\"pos\",\"platform\",\"research\",\"smart-contracts\",\"arrington-xrp-capital-portfolio\",\"kenetic-capital-portfolio\",\"usv-portfolio\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"],\"tag-names\":[\"PoS\",\"Platform\",\"Research\",\"Smart Contracts\",\"Arrington XRP Capital Portfolio\",\"Kenetic Capital Portfolio\",\"USV Portfolio\",\"Multicoin Capital Portfolio\",\"Exnetwork Capital Portfolio\"],\"tag-groups\":[\"ALGORITHM\",\"CATEGORY\",\"INDUSTRY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\"],\"urls\":{\"website\":[\"http:\\\/\\\/algorand.foundation\",\"https:\\\/\\\/www.algorand.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/AlgoFoundation\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/algorand-foundation\",\"https:\\\/\\\/forum.algorand.org\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/AlgorandFoundation\",\"https:\\\/\\\/discord.gg\\\/QBYp7Y2\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/algoexplorer.io\\\/\",\"https:\\\/\\\/algoscan.app\\\/\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\"],\"technical_doc\":[\"https:\\\/\\\/www.algorand.com\\\/resources\\\/white-papers\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\"],\"announcement\":[\"https:\\\/\\\/algorand.foundation\\\/algorand-foundation-marks-new-chapter-in-global-economics-with-inaugural-auction\"]},\"platform\":null,\"date_added\":\"2019-06-20T00:00:00.000Z\",\"twitter_username\":\"AlgoFoundation\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:18.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"crypto_currency_social":{"id":75,"crypto_currency_id":76,"twitter":"{\"name\":\"Algorand Foundation\",\"username\":\"@AlgoFoundation\",\"follower_count\":141322,\"following_count\":380,\"tweet_count\":9693,\"created_at\":\"2019-01-29 00:00:00\"}","reddit":"{\"subscribers\":70893,\"description\":\"Official community for Algorand - \\nWorld\\u2019s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral.\\n\\nGet started with AlgoKit today -&gt; https:\\\/\\\/developer.algorand.org\\\/algokit\\\/\",\"created_at\":\"2019-02-15 00:00:00\",\"subreddit_type\":\"public\",\"subreddit_name\":\"r\\\/AlgorandOfficial\",\"moderators\":12,\"hot\":[{\"title\":\"Welcome to \\\/r\\\/AlgorandOfficial! Read this to get started:\",\"author\":\"algorandofficial\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/ldzl7s\\\/welcome_to_ralgorandofficial_read_this_to_get\\\/\",\"created_at\":\"2021-02-06 15:20:15\",\"icons\":[\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_q0gj4\\\/ks45ij6w05f61_oldHugz.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/Illuminati_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/TakeMyPower_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/powerups_award_lvl1_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/silver_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/gold_512.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/klvxk1wggfd41_Helpful.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/5izbv4fn0md41_Wholesome.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_q0gj4\\\/p4yzxkaed5f61_oldtakemyenergy.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/80j20o397jj41_NarwhalSalute.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/b9ks3a5k7jj41_WholesomeSealofApproval.png\"]},{\"title\":\"The xGov proposals repo is now open\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13bmt3a\\\/the_xgov_proposals_repo_is_now_open\\\/\",\"created_at\":\"2023-05-08 11:54:34\",\"icons\":[\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/Illuminati_512.png\"]},{\"title\":\"Algorand\",\"author\":\"Intelligent-Gift-855\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13np7kn\\\/algorand\\\/\",\"created_at\":\"2023-05-21 10:15:55\",\"icons\":[]},{\"title\":\"Cryptoycurrency\",\"author\":\"Saggybigy\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13ny115\\\/cryptoycurrency\\\/\",\"created_at\":\"2023-05-21 15:33:04\",\"icons\":[]},{\"title\":\"Mark Petruska has requested 250000 Algos for the development of a Coq-avm library for AVM version 8\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13npg7t\\\/mark_petruska_has_requested_250000_algos_for_the\\\/\",\"created_at\":\"2023-05-21 10:29:08\",\"icons\":[]},{\"title\":\"Sot Papasot (papasotiriou\\\/datascientist.algo) has requested 4000 Algos for further development of a dashboard that monitors the Algorand foundation market operations\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13npc3r\\\/sot_papasot_papasotirioudatascientistalgo_has\\\/\",\"created_at\":\"2023-05-21 10:22:46\",\"icons\":[]},{\"title\":\"r\\\/AlgorandOfficial Weekly Recap: May 15 - May 22 2023\",\"author\":\"AO-helper\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13ob905\\\/ralgorandofficial_weekly_recap_may_15_may_22_2023\\\/\",\"created_at\":\"2023-05-22 00:30:00\",\"icons\":[]},{\"title\":\"Question re: Algorand VRF\",\"author\":\"NonTokeableFungin\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13nepqa\\\/question_re_algorand_vrf\\\/\",\"created_at\":\"2023-05-21 01:10:03\",\"icons\":[]},{\"title\":\"New feature, ai chatbot trained on Algorand developer docs\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13m2tyl\\\/new_feature_ai_chatbot_trained_on_algorand\\\/\",\"created_at\":\"2023-05-19 17:57:28\",\"icons\":[]},{\"title\":\"An update on AlgoWorld, the fist NFT cards series built on Algorand\",\"author\":\"MrMattioo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lu5au\\\/an_update_on_algoworld_the_fist_nft_cards_series\\\/\",\"created_at\":\"2023-05-19 12:31:44\",\"icons\":[]},{\"title\":\"Ivica Paleka (ASA Stats) has requested 75000 Algos for the development of a tax report reference tool\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lmrl8\\\/ivica_paleka_asa_stats_has_requested_75000_algos\\\/\",\"created_at\":\"2023-05-19 06:07:56\",\"icons\":[\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/6vgr8y21i9741_PlusOne.png\"]},{\"title\":\"Kejon Fubler (PaxSomnius) has requested 1 Algo for further development of DeFi lottery Dotty\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lmwfx\\\/kejon_fubler_paxsomnius_has_requested_1_algo_for\\\/\",\"created_at\":\"2023-05-19 06:15:29\",\"icons\":[]},{\"title\":\"Leading Crypto Teams and Investors Launch $50M Cross-Chain Fund powered by Wormhole. Among the investors are the Algorand Foundation, Borderless Capital and Arrington Capital\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13l2g2i\\\/leading_crypto_teams_and_investors_launch_50m\\\/\",\"created_at\":\"2023-05-18 15:40:42\",\"icons\":[]},{\"title\":\"When Algorand Inc. 2022-23 Transparency Reprot?\",\"author\":\"awesomedash-\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13l5usl\\\/when_algorand_inc_202223_transparency_reprot\\\/\",\"created_at\":\"2023-05-18 17:56:26\",\"icons\":[]},{\"title\":\"\\u2600\\ufe0fGM #algofam\\ud83e\\udd14Drop your questions below for the 6 #Algorand projects for a chance to win a rare Algopoap #NFT \\ud83c\\udf81\",\"author\":\"semanticweb\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lhoh0\\\/gm_algofamdrop_your_questions_below_for_the_6\\\/\",\"created_at\":\"2023-05-19 01:52:23\",\"icons\":[]},{\"title\":\"Current active hacker address still transfering funds to and from. Seems to have compiled snall thefts into one account currently sitting at 700k+ algos last active 1 minite ago.\",\"author\":\"BushmanNW\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kuivc\\\/current_active_hacker_address_still_transfering\\\/\",\"created_at\":\"2023-05-18 10:08:58\",\"icons\":[]},{\"title\":\"New App! Dotty the DeFi Lottery V1 is live on mainnet!\",\"author\":\"coolbreeze770\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13l0t0w\\\/new_app_dotty_the_defi_lottery_v1_is_live_on\\\/\",\"created_at\":\"2023-05-18 14:34:20\",\"icons\":[]},{\"title\":\"Found on the website of Algorand Labs. Silvio has a monthly newsletter\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kqqex\\\/found_on_the_website_of_algorand_labs_silvio_has\\\/\",\"created_at\":\"2023-05-18 06:38:03\",\"icons\":[]},{\"title\":\"Algogator NFT shuffle goes live today, which comes with a lifetime premium membership\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13krmoo\\\/algogator_nft_shuffle_goes_live_today_which_comes\\\/\",\"created_at\":\"2023-05-18 07:28:19\",\"icons\":[]},{\"title\":\"Algorand's Proposal for a Blockchain-Based Government Bond Platform Gets Green Light from the Italian Central Bank: An Insight into Tokenization and Real-time Settlements\",\"author\":\"gratatouille23\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kf483\\\/algorands_proposal_for_a_blockchainbased\\\/\",\"created_at\":\"2023-05-17 21:44:28\",\"icons\":[]},{\"title\":\"Algorand had applied to the accelerator of the Banca d'Italia with a proposal for a sovereign bonds' tokenization platform. The proposal is one of the selected\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kc598\\\/algorand_had_applied_to_the_accelerator_of_the\\\/\",\"created_at\":\"2023-05-17 19:51:46\",\"icons\":[\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/5nswjpyy44551_Ally.png\"]},{\"title\":\"Governance Period 7 (GP7) voting will open at the start of June, and we are seeking your feedback on the drafted measures before adding them to the ballot\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k143y\\\/governance_period_7_gp7_voting_will_open_at_the\\\/\",\"created_at\":\"2023-05-17 13:01:31\",\"icons\":[]},{\"title\":\"Interview with Michael Mazur, Co-Founder of the UrbanChange Protocol, which uses an incentive-based dual token model to build stronger and more impactful communities\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kehw3\\\/interview_with_michael_mazur_cofounder_of_the\\\/\",\"created_at\":\"2023-05-17 21:21:31\",\"icons\":[]},{\"title\":\"NFDomains introduces NFD Vaults. Store assets in your NFD and unlock vault to receive assets without opt-ins\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k8dsd\\\/nfdomains_introduces_nfd_vaults_store_assets_in\\\/\",\"created_at\":\"2023-05-17 17:30:45\",\"icons\":[]},{\"title\":\"Ledger Fiasco\",\"author\":\"MediocreMachine3543\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k3bbh\\\/ledger_fiasco\\\/\",\"created_at\":\"2023-05-17 14:26:50\",\"icons\":[]},{\"title\":\"Live now: Anthony Day, Head of Strategy &amp; Marketing for Midnight at Input Output Hongkong, will hold an interview with Staci Warden live on LinkedIn: \\\"Building a Blockchain: Purpose to Post-Quantum w. Staci Warden (Algorand)\\\"\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k7zi6\\\/live_now_anthony_day_head_of_strategy_marketing\\\/\",\"created_at\":\"2023-05-17 17:16:02\",\"icons\":[]}]}","github":"{\"stars\":1239,\"watchers\":69,\"forks\":399,\"language\":\"C\",\"license\":\"Other\",\"repo_name\":\"algorand\\\/go-algorand\",\"repo_link\":\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\",\"public_repos\":74,\"bio\":\"Algorand is a scalable, secure and decentralized digital currency and transactions platform.\",\"type\":\"Organization\",\"username\":\"algorand\",\"user_link\":\"https:\\\/\\\/github.com\\\/algorand\",\"created_at\":\"2016-11-01 00:00:00\"}","telegram":"{\"title\":\"Algorand Foundation\",\"description\":\"Building trusted infrastructure for the borderless economy. Twitter: https:\\\/\\\/twitter.com\\\/AlgoFoundation LinkedIn: https:\\\/\\\/www.linkedin.com\\\/company\\\/algorandfoundation\\\/ Facebook: https:\\\/\\\/www.facebook.com\\\/AlgorandFoundation\\\/\",\"chat_id\":\"@AlgorandFoundation\",\"member_count\":7802}","domain":"{\"domain_rating\":71,\"ahrefs_top\":91962,\"traffic\":0,\"website\":\"http:\\\/\\\/algorand.foundation\"}"},"buy_page":null,"halving_page":null}" :fiat-currency=""USD"">
permissionless <strong>public blockchain<\/strong>. It supports a huge variety of scalable and efficient decentralized applications. If you&rsquo;re interested in the current Algorand price, check out the ALGO price chart above.<\/p>\r\n<p>The project's main goal is to use the blockchain platform to create a borderless economy. According to the project, a borderless economy is one in which everything of value can be exchanged completely frictionlessly between two or more parties.<\/p>\r\n<p>Apart from that, it also aims to solve the scalability issues of other blockchains. One of the major issues facing the blockchain industry is finding the ideal mix between security, decentralization, and scalability, which is what Algorand is trying to do.<\/p>\r\n<p>It&rsquo;s important to note that <strong>Algorand never forks. <\/strong>It means that the Algorand blockchain cannot be altered in any way, and that neither a soft fork nor a hard fork can occur. This contributes to Algorand&rsquo;s continued speed, stability, and protection against malicious network attacks.<\/p>\r\n<p>Algorand employs a unique <strong>Pure Proof-of-Stake (PPoS)<\/strong> algorithm. It is based on the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-byzantine-fault-tolerance-bft/">Byzantine consensus. The amount of tokens each user has invested in the system determines how much of an impact they have on the decision to create a new block. To propose blocks and cast votes on proposed blocks, users are chosen anonymously and at random. Every online user has the opportunity to be chosen to vote and make a proposal.<\/p>\r\n<p>Besides, <strong>PPoS does not require users to set aside a portion of their stake<\/strong> in order to participate in the process of consensus. Thus, it does not limit a user's capacity to spend their stake. Algorand stakers are allowed to use their stake whenever they choose because it&rsquo;s not locked in a staking pool.<\/p>\r\n<p>The use of such a consensus mechanism reduces the need for unnecessary electricity use. In addition to that, it enables the processing of a considerably higher number of transactions per second without compromising decentralization.<\/p>\r\n<h2>The Story of Algorand<\/h2>\r\n<p>The Algorand network was founded by <strong>Silvio Micali<\/strong> on June 19th, 2019. On the same day, an Algorand <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//learn//crypto-terms//what-is-initial-coin-offering-ico/">ICO was held, during which the ALGO price was $2,4. It was organized as a <strong>Dutch Auction<\/strong>, meaning that the price was meant to decrease during a certain time period. The ICO resulted in $60 million that was dedicated to the development of the Algorand crypto project.<\/p>\r\n<p>Apart from being a founder of Algorand, Silvio Micali is also a professor of computer science at MIT. Besides, his work in the fields of secure two-party computation theory, electronic money, and various blockchain or crypto protocols earned him the Turing Award in 2012.<\/p>\r\n<h2>The Purpose of ALGO Coin<\/h2>\r\n<p>ALGO is the utility token of Algorand. The token is scalable and really fast. It allows users to complete transactions in roughly 4 seconds no matter if it&rsquo;s the first transaction of the day or the millionth. Besides, ALGO transactions are really low-cost compared to some other crypto assets.<\/p>\r\n<p>The main use cases of Algorand tokens are the following:<\/p>\r\n<ul>\r\n<li>ALGO is used to <strong>secure the PPoS consensus mechanism<\/strong> used in the creation process of each block;<\/li>\r\n<li>ALGO is used as <strong>a<\/strong> <strong>payment method<\/strong> for transactions on the Algorand blockchain;<\/li>\r\n<li>ALGO is used as <strong>a<\/strong> <strong>governance token<\/strong>, providing users with the ability to participate in the decision-making processes.<\/li>\r\n<\/ul>\r\n<h2>The Tokenomics of ALGO<\/h2>\r\n<p>The maximum supply of ALGO coins is 10 billion. During its initial ICO, 25 million tokens were distributed. Overall, the project seeks to distribute 600 million coins in an annual auction until the max supply is reached.<\/p>\r\n<p>Algorand announced a <strong>200 million ALGO staking incentives program<\/strong> in August 2019. In order to get rewards, users had to register their wallets before the 1618450th block was created, which happened by the end of August. Those who managed to do that had to undergo the <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//tutorials//kyc-meaning/">KYC (Know Your Customer)<\/strong><\/a> process in order to receive their rewards.<\/p>\r\n<p>If you want to buy Algorand coins, just be aware that the ALGO price is subject to fluctuation. Similar to how the prices of the majority of crypto assets are affected, the Algorand price is also impacted by a variety of factors that affect the whole crypto market.<\/p>\r\n<h2>The London Bridge<\/h2>\r\n<p>Despite promising low-cost transactions, minimal latency, and excellent scalability, Algorand has had trouble luring liquidity to its ecosystem. As the Algorand Foundation announced in February 2022, it will implement the London Bridge on the Algorand network. The foundation has dedicated $10 million for that.<\/p>\r\n<p>In essence, the London Bridge is a trustless bridge that would provide Ethereum compatibility to the Algorand network. <strong>The bridge would allow Algorand to link various decentralized applications (dApps) to its blockchain this way drawing in more liquidity.<\/strong><\/p>\r\n<p>Algorand chose to do that specifically with Ethereum since it has one of the most developed dApp ecosystems. However, in the future, Algorand plans to connect to even more blockchains, which would eventually allow it to establish a strong and stable DeFi ecosystem.<\/p>","link":"https:\/\/www.bitdegree.org\/cryptocurrency-prices\/algorand-algo-price","crypto_currency_info":{"id":217,"crypto_currency_id":76,"description":"Algorand (ALGO) is a cryptocurrency . Algorand has a current supply of 7,063,095,770.730048 with 6,627,737,233.323682 in circulation. The last known price of Algorand is 0.89473851 USD and is up 4.19 over the last 24 hours. It is currently trading on 196 active market(s) with $379,607,009.27 traded over the last 24 hours. More information can be found at http:\/\/algorand.foundation.","tags":"[\"pos\",\"platform\",\"research\",\"smart-contracts\",\"arrington-xrp-capital-portfolio\",\"kenetic-capital-portfolio\",\"usv-portfolio\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"]","platform":null,"category":"coin","cmc_logo":"https:\/\/s2.coinmarketcap.com\/static\/img\/coins\/64x64\/4030.png","original_links":"{\"website\":[\"http:\\\/\\\/algorand.foundation\",\"https:\\\/\\\/www.algorand.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/AlgoFoundation\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/algorand-foundation\",\"https:\\\/\\\/forum.algorand.org\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/AlgorandFoundation\",\"https:\\\/\\\/discord.gg\\\/QBYp7Y2\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/algoexplorer.io\\\/\",\"https:\\\/\\\/algoscan.app\\\/\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\"],\"technical_doc\":[\"https:\\\/\\\/www.algorand.com\\\/resources\\\/white-papers\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\"],\"announcement\":[\"https:\\\/\\\/algorand.foundation\\\/algorand-foundation-marks-new-chapter-in-global-economics-with-inaugural-auction\"]}","links":"{\"website\":{\"algorand.foundation\":\"http:\\\/\\\/algorand.foundation\"},\"community\":{\"twitter.com\":\"https:\\\/\\\/twitter.com\\\/AlgoFoundation\",\"medium.com\":\"https:\\\/\\\/medium.com\\\/algorand-foundation\",\"reddit.com\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\",\"telegram.org\":\"https:\\\/\\\/t.me\\\/AlgorandFoundation\",\"discord.com\":\"https:\\\/\\\/discord.gg\\\/QBYp7Y2\"},\"explorer\":{\"algoexplorer.io\":\"https:\\\/\\\/algoexplorer.io\\\/\",\"algoscan.app\":\"https:\\\/\\\/algoscan.app\\\/\"},\"technical_doc\":\"https:\\\/\\\/www.algorand.com\\\/resources\\\/white-papers\",\"source_code\":\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\"}","data":"{\"id\":4030,\"name\":\"Algorand\",\"symbol\":\"ALGO\",\"category\":\"coin\",\"description\":\"Algorand (ALGO) is a cryptocurrency . Algorand has a current supply of 7,063,095,770.730048 with 6,627,737,233.323682 in circulation. The last known price of Algorand is 0.89473851 USD and is up 4.19 over the last 24 hours. It is currently trading on 196 active market(s) with $379,607,009.27 traded over the last 24 hours. More information can be found at http:\\\/\\\/algorand.foundation.\",\"slug\":\"algorand\",\"logo\":\"https:\\\/\\\/s2.coinmarketcap.com\\\/static\\\/img\\\/coins\\\/64x64\\\/4030.png\",\"subreddit\":\"AlgorandOfficial\",\"notice\":\"\",\"tags\":[\"pos\",\"platform\",\"research\",\"smart-contracts\",\"arrington-xrp-capital-portfolio\",\"kenetic-capital-portfolio\",\"usv-portfolio\",\"multicoin-capital-portfolio\",\"exnetwork-capital-portfolio\"],\"tag-names\":[\"PoS\",\"Platform\",\"Research\",\"Smart Contracts\",\"Arrington XRP Capital Portfolio\",\"Kenetic Capital Portfolio\",\"USV Portfolio\",\"Multicoin Capital Portfolio\",\"Exnetwork Capital Portfolio\"],\"tag-groups\":[\"ALGORITHM\",\"CATEGORY\",\"INDUSTRY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\",\"CATEGORY\"],\"urls\":{\"website\":[\"http:\\\/\\\/algorand.foundation\",\"https:\\\/\\\/www.algorand.com\\\/\"],\"twitter\":[\"https:\\\/\\\/twitter.com\\\/AlgoFoundation\"],\"message_board\":[\"https:\\\/\\\/medium.com\\\/algorand-foundation\",\"https:\\\/\\\/forum.algorand.org\\\/\"],\"chat\":[\"https:\\\/\\\/t.me\\\/AlgorandFoundation\",\"https:\\\/\\\/discord.gg\\\/QBYp7Y2\"],\"facebook\":[],\"explorer\":[\"https:\\\/\\\/algoexplorer.io\\\/\",\"https:\\\/\\\/algoscan.app\\\/\"],\"reddit\":[\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\"],\"technical_doc\":[\"https:\\\/\\\/www.algorand.com\\\/resources\\\/white-papers\"],\"source_code\":[\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\"],\"announcement\":[\"https:\\\/\\\/algorand.foundation\\\/algorand-foundation-marks-new-chapter-in-global-economics-with-inaugural-auction\"]},\"platform\":null,\"date_added\":\"2019-06-20T00:00:00.000Z\",\"twitter_username\":\"AlgoFoundation\",\"is_hidden\":0,\"date_launched\":null,\"contract_address\":[],\"self_reported_circulating_supply\":null,\"self_reported_tags\":null,\"self_reported_market_cap\":null}","launched_at":null,"created_at":"2022-03-25T14:20:18.000000Z","updated_at":"2023-05-18T14:34:12.000000Z"},"crypto_currency_social":{"id":75,"crypto_currency_id":76,"twitter":"{\"name\":\"Algorand Foundation\",\"username\":\"@AlgoFoundation\",\"follower_count\":141322,\"following_count\":380,\"tweet_count\":9693,\"created_at\":\"2019-01-29 00:00:00\"}","reddit":"{\"subscribers\":70893,\"description\":\"Official community for Algorand - \\nWorld\\u2019s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral.\\n\\nGet started with AlgoKit today -&gt; https:\\\/\\\/developer.algorand.org\\\/algokit\\\/\",\"created_at\":\"2019-02-15 00:00:00\",\"subreddit_type\":\"public\",\"subreddit_name\":\"r\\\/AlgorandOfficial\",\"moderators\":12,\"hot\":[{\"title\":\"Welcome to \\\/r\\\/AlgorandOfficial! Read this to get started:\",\"author\":\"algorandofficial\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/ldzl7s\\\/welcome_to_ralgorandofficial_read_this_to_get\\\/\",\"created_at\":\"2021-02-06 15:20:15\",\"icons\":[\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_q0gj4\\\/ks45ij6w05f61_oldHugz.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/Illuminati_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/TakeMyPower_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/powerups_award_lvl1_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/silver_512.png\",\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/gold_512.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/klvxk1wggfd41_Helpful.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/5izbv4fn0md41_Wholesome.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_q0gj4\\\/p4yzxkaed5f61_oldtakemyenergy.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/80j20o397jj41_NarwhalSalute.png\",\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/b9ks3a5k7jj41_WholesomeSealofApproval.png\"]},{\"title\":\"The xGov proposals repo is now open\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13bmt3a\\\/the_xgov_proposals_repo_is_now_open\\\/\",\"created_at\":\"2023-05-08 11:54:34\",\"icons\":[\"https:\\\/\\\/www.redditstatic.com\\\/gold\\\/awards\\\/icon\\\/Illuminati_512.png\"]},{\"title\":\"Algorand\",\"author\":\"Intelligent-Gift-855\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13np7kn\\\/algorand\\\/\",\"created_at\":\"2023-05-21 10:15:55\",\"icons\":[]},{\"title\":\"Cryptoycurrency\",\"author\":\"Saggybigy\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13ny115\\\/cryptoycurrency\\\/\",\"created_at\":\"2023-05-21 15:33:04\",\"icons\":[]},{\"title\":\"Mark Petruska has requested 250000 Algos for the development of a Coq-avm library for AVM version 8\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13npg7t\\\/mark_petruska_has_requested_250000_algos_for_the\\\/\",\"created_at\":\"2023-05-21 10:29:08\",\"icons\":[]},{\"title\":\"Sot Papasot (papasotiriou\\\/datascientist.algo) has requested 4000 Algos for further development of a dashboard that monitors the Algorand foundation market operations\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13npc3r\\\/sot_papasot_papasotirioudatascientistalgo_has\\\/\",\"created_at\":\"2023-05-21 10:22:46\",\"icons\":[]},{\"title\":\"r\\\/AlgorandOfficial Weekly Recap: May 15 - May 22 2023\",\"author\":\"AO-helper\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13ob905\\\/ralgorandofficial_weekly_recap_may_15_may_22_2023\\\/\",\"created_at\":\"2023-05-22 00:30:00\",\"icons\":[]},{\"title\":\"Question re: Algorand VRF\",\"author\":\"NonTokeableFungin\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13nepqa\\\/question_re_algorand_vrf\\\/\",\"created_at\":\"2023-05-21 01:10:03\",\"icons\":[]},{\"title\":\"New feature, ai chatbot trained on Algorand developer docs\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13m2tyl\\\/new_feature_ai_chatbot_trained_on_algorand\\\/\",\"created_at\":\"2023-05-19 17:57:28\",\"icons\":[]},{\"title\":\"An update on AlgoWorld, the fist NFT cards series built on Algorand\",\"author\":\"MrMattioo\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lu5au\\\/an_update_on_algoworld_the_fist_nft_cards_series\\\/\",\"created_at\":\"2023-05-19 12:31:44\",\"icons\":[]},{\"title\":\"Ivica Paleka (ASA Stats) has requested 75000 Algos for the development of a tax report reference tool\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lmrl8\\\/ivica_paleka_asa_stats_has_requested_75000_algos\\\/\",\"created_at\":\"2023-05-19 06:07:56\",\"icons\":[\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/6vgr8y21i9741_PlusOne.png\"]},{\"title\":\"Kejon Fubler (PaxSomnius) has requested 1 Algo for further development of DeFi lottery Dotty\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lmwfx\\\/kejon_fubler_paxsomnius_has_requested_1_algo_for\\\/\",\"created_at\":\"2023-05-19 06:15:29\",\"icons\":[]},{\"title\":\"Leading Crypto Teams and Investors Launch $50M Cross-Chain Fund powered by Wormhole. Among the investors are the Algorand Foundation, Borderless Capital and Arrington Capital\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13l2g2i\\\/leading_crypto_teams_and_investors_launch_50m\\\/\",\"created_at\":\"2023-05-18 15:40:42\",\"icons\":[]},{\"title\":\"When Algorand Inc. 2022-23 Transparency Reprot?\",\"author\":\"awesomedash-\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13l5usl\\\/when_algorand_inc_202223_transparency_reprot\\\/\",\"created_at\":\"2023-05-18 17:56:26\",\"icons\":[]},{\"title\":\"\\u2600\\ufe0fGM #algofam\\ud83e\\udd14Drop your questions below for the 6 #Algorand projects for a chance to win a rare Algopoap #NFT \\ud83c\\udf81\",\"author\":\"semanticweb\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13lhoh0\\\/gm_algofamdrop_your_questions_below_for_the_6\\\/\",\"created_at\":\"2023-05-19 01:52:23\",\"icons\":[]},{\"title\":\"Current active hacker address still transfering funds to and from. Seems to have compiled snall thefts into one account currently sitting at 700k+ algos last active 1 minite ago.\",\"author\":\"BushmanNW\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kuivc\\\/current_active_hacker_address_still_transfering\\\/\",\"created_at\":\"2023-05-18 10:08:58\",\"icons\":[]},{\"title\":\"New App! Dotty the DeFi Lottery V1 is live on mainnet!\",\"author\":\"coolbreeze770\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13l0t0w\\\/new_app_dotty_the_defi_lottery_v1_is_live_on\\\/\",\"created_at\":\"2023-05-18 14:34:20\",\"icons\":[]},{\"title\":\"Found on the website of Algorand Labs. Silvio has a monthly newsletter\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kqqex\\\/found_on_the_website_of_algorand_labs_silvio_has\\\/\",\"created_at\":\"2023-05-18 06:38:03\",\"icons\":[]},{\"title\":\"Algogator NFT shuffle goes live today, which comes with a lifetime premium membership\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13krmoo\\\/algogator_nft_shuffle_goes_live_today_which_comes\\\/\",\"created_at\":\"2023-05-18 07:28:19\",\"icons\":[]},{\"title\":\"Algorand's Proposal for a Blockchain-Based Government Bond Platform Gets Green Light from the Italian Central Bank: An Insight into Tokenization and Real-time Settlements\",\"author\":\"gratatouille23\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kf483\\\/algorands_proposal_for_a_blockchainbased\\\/\",\"created_at\":\"2023-05-17 21:44:28\",\"icons\":[]},{\"title\":\"Algorand had applied to the accelerator of the Banca d'Italia with a proposal for a sovereign bonds' tokenization platform. The proposal is one of the selected\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kc598\\\/algorand_had_applied_to_the_accelerator_of_the\\\/\",\"created_at\":\"2023-05-17 19:51:46\",\"icons\":[\"https:\\\/\\\/i.redd.it\\\/award_images\\\/t5_22cerq\\\/5nswjpyy44551_Ally.png\"]},{\"title\":\"Governance Period 7 (GP7) voting will open at the start of June, and we are seeking your feedback on the drafted measures before adding them to the ballot\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k143y\\\/governance_period_7_gp7_voting_will_open_at_the\\\/\",\"created_at\":\"2023-05-17 13:01:31\",\"icons\":[]},{\"title\":\"Interview with Michael Mazur, Co-Founder of the UrbanChange Protocol, which uses an incentive-based dual token model to build stronger and more impactful communities\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13kehw3\\\/interview_with_michael_mazur_cofounder_of_the\\\/\",\"created_at\":\"2023-05-17 21:21:31\",\"icons\":[]},{\"title\":\"NFDomains introduces NFD Vaults. Store assets in your NFD and unlock vault to receive assets without opt-ins\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k8dsd\\\/nfdomains_introduces_nfd_vaults_store_assets_in\\\/\",\"created_at\":\"2023-05-17 17:30:45\",\"icons\":[]},{\"title\":\"Ledger Fiasco\",\"author\":\"MediocreMachine3543\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k3bbh\\\/ledger_fiasco\\\/\",\"created_at\":\"2023-05-17 14:26:50\",\"icons\":[]},{\"title\":\"Live now: Anthony Day, Head of Strategy &amp; Marketing for Midnight at Input Output Hongkong, will hold an interview with Staci Warden live on LinkedIn: \\\"Building a Blockchain: Purpose to Post-Quantum w. Staci Warden (Algorand)\\\"\",\"author\":\"cysec_\",\"link\":\"https:\\\/\\\/reddit.com\\\/r\\\/AlgorandOfficial\\\/comments\\\/13k7zi6\\\/live_now_anthony_day_head_of_strategy_marketing\\\/\",\"created_at\":\"2023-05-17 17:16:02\",\"icons\":[]}]}","github":"{\"stars\":1239,\"watchers\":69,\"forks\":399,\"language\":\"C\",\"license\":\"Other\",\"repo_name\":\"algorand\\\/go-algorand\",\"repo_link\":\"https:\\\/\\\/github.com\\\/algorand\\\/go-algorand\",\"public_repos\":74,\"bio\":\"Algorand is a scalable, secure and decentralized digital currency and transactions platform.\",\"type\":\"Organization\",\"username\":\"algorand\",\"user_link\":\"https:\\\/\\\/github.com\\\/algorand\",\"created_at\":\"2016-11-01 00:00:00\"}","telegram":"{\"title\":\"Algorand Foundation\",\"description\":\"Building trusted infrastructure for the borderless economy. Twitter: https:\\\/\\\/twitter.com\\\/AlgoFoundation LinkedIn: https:\\\/\\\/www.linkedin.com\\\/company\\\/algorandfoundation\\\/ Facebook: https:\\\/\\\/www.facebook.com\\\/AlgorandFoundation\\\/\",\"chat_id\":\"@AlgorandFoundation\",\"member_count\":7802}","domain":"{\"domain_rating\":71,\"ahrefs_top\":91962,\"traffic\":0,\"website\":\"http:\\\/\\\/algorand.foundation\"}"},"buy_page":null,"halving_page":null}" :fiat-currency="{"name":"United States Dollar","logo":"\/crypto-prices\/fiat-logos\/USD.svg","symbol":"USD","sign":"$","price":1}" >

Algorand (ALGO) Social Signals & Traffic Tracker

Algorand twitter
Twitter Stats
Visit Twitter

Followers

0.12%

Joined at Jan 29, 2019

Following

380

0.53%

Tweet count

9,693

0.32%

Algorand reddit
Reddit Stats
Visit Reddit

Subscribers

0.02%

Joined at Feb 15, 2019

Subreddit type

public

Moderators

12

0.00%

Algorand telegram
Telegram Stats
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Members

0.65%

Title

Algorand Foundation

Algorand traffic
Website Traffic
Visit Website

Website Rating (DR)

71 / 100

0.00%

Ahrefs Rank

91,962

3.06%

Organic Traffic (mo.)

0

0.00%

Algorand github
GitHub Organization
Visit GitHub

Public repos

Created at Nov 01, 2016

Type

Organization

Algorand github
GitHub Public Repository
Visit GitHub

Stars

0.16%

Watchers

69

0.00%

Forks

399

0.25%

Language

C

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Twitter account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 141,322

Subscribers: 70,893

Members: 7,802

Stars: 1,239

Algorand Price Statistics

Algorand Price
$0.1616
Price Change 24h
-$0.0028
1.73%
24h Low / 24h High
$0.1598 /
$0.1645
All Time High
Jun 21, 2019 (3 years 11 months ago)
$3.28
95.07%
All Time Low
Dec 11, 2022 (5 months 1 week ago)
$0.0937
72.51%
Trading Volume 24h
$27,382,460
51.95%
Volume / Market Cap
0.0234
Market Dominance
0.10%
Market Rank
#45
Market Cap
$1,170,426,915
1.73%
Fully Diluted Market Cap
$1,616,440,211
1.73%

Live ALGO Price Analysis

The current real time Algorand price is $0.1616, and its trading volume is $27,382,460 in the last 24 hours. ALGO price has plummeted by 1.73% in the last day, and decreased by 2.72% in the last 7 days. It’s important to note that current Algorand market capitalization is $1,170,426,915, and the maximum supply is 10,000,000,000 ALGO coins. Talking about circulating supply, ALGO has 7,240,768,368 coins. Currently, Algorand rank on the market is #45.

Algorand price today is 95.07% below all time high, and it is 72.51% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling ALGO are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Algorand (ALGO)?

ALGO is the native token of the Algorand crypto platform. Algorand is a permissionless public blockchain. It supports a huge variety of scalable and efficient decentralized applications. If you’re interested in the current Algorand price, check out the ALGO price chart above.

The project's main goal is to use the blockchain platform to create a borderless economy. According to the project, a borderless economy is one in which everything of value can be exchanged completely frictionlessly between two or more parties.

Apart from that, it also aims to solve the scalability issues of other blockchains. One of the major issues facing the blockchain industry is finding the ideal mix between security, decentralization, and scalability, which is what Algorand is trying to do.

It’s important to note that Algorand never forks. It means that the Algorand blockchain cannot be altered in any way, and that neither a soft fork nor a hard fork can occur. This contributes to Algorand’s continued speed, stability, and protection against malicious network attacks.

Algorand employs a unique Pure Proof-of-Stake (PPoS) algorithm. It is based on the Byzantine consensus. The amount of tokens each user has invested in the system determines how much of an impact they have on the decision to create a new block. To propose blocks and cast votes on proposed blocks, users are chosen anonymously and at random. Every online user has the opportunity to be chosen to vote and make a proposal.

Besides, PPoS does not require users to set aside a portion of their stake in order to participate in the process of consensus. Thus, it does not limit a user's capacity to spend their stake. Algorand stakers are allowed to use their stake whenever they choose because it’s not locked in a staking pool.

The use of such a consensus mechanism reduces the need for unnecessary electricity use. In addition to that, it enables the processing of a considerably higher number of transactions per second without compromising decentralization.

The Story of Algorand

The Algorand network was founded by Silvio Micali on June 19th, 2019. On the same day, an Algorand ICO was held, during which the ALGO price was $2,4. It was organized as a Dutch Auction, meaning that the price was meant to decrease during a certain time period. The ICO resulted in $60 million that was dedicated to the development of the Algorand crypto project.

Apart from being a founder of Algorand, Silvio Micali is also a professor of computer science at MIT. Besides, his work in the fields of secure two-party computation theory, electronic money, and various blockchain or crypto protocols earned him the Turing Award in 2012.

The Purpose of ALGO Coin

ALGO is the utility token of Algorand. The token is scalable and really fast. It allows users to complete transactions in roughly 4 seconds no matter if it’s the first transaction of the day or the millionth. Besides, ALGO transactions are really low-cost compared to some other crypto assets.

The main use cases of Algorand tokens are the following:

  • ALGO is used to secure the PPoS consensus mechanism used in the creation process of each block;
  • ALGO is used as a payment method for transactions on the Algorand blockchain;
  • ALGO is used as a governance token, providing users with the ability to participate in the decision-making processes.

The Tokenomics of ALGO

The maximum supply of ALGO coins is 10 billion. During its initial ICO, 25 million tokens were distributed. Overall, the project seeks to distribute 600 million coins in an annual auction until the max supply is reached.

Algorand announced a 200 million ALGO staking incentives program in August 2019. In order to get rewards, users had to register their wallets before the 1618450th block was created, which happened by the end of August. Those who managed to do that had to undergo the KYC (Know Your Customer) process in order to receive their rewards.

If you want to buy Algorand coins, just be aware that the ALGO price is subject to fluctuation. Similar to how the prices of the majority of crypto assets are affected, the Algorand price is also impacted by a variety of factors that affect the whole crypto market.

The London Bridge

Despite promising low-cost transactions, minimal latency, and excellent scalability, Algorand has had trouble luring liquidity to its ecosystem. As the Algorand Foundation announced in February 2022, it will implement the London Bridge on the Algorand network. The foundation has dedicated $10 million for that.

In essence, the London Bridge is a trustless bridge that would provide Ethereum compatibility to the Algorand network. The bridge would allow Algorand to link various decentralized applications (dApps) to its blockchain this way drawing in more liquidity.

Algorand chose to do that specifically with Ethereum since it has one of the most developed dApp ecosystems. However, in the future, Algorand plans to connect to even more blockchains, which would eventually allow it to establish a strong and stable DeFi ecosystem.

What's Algorand trading volume in the last 24 hours?

ALGO has a trading volume of $27,382,460 in the last 24 hours.

What's Algorand highest price ever?

ALGO has a highest price of $3.28, which was reached on Jun 21, 2019 (3 years 11 months ago).

What's Algorand lowest price ever?

ALGO has a lowest price of $0.0937, which was reached on Dec 11, 2022 (5 months 1 week ago).

What are the best exchanges for buying and selling ALGO?

Currently, the most active and dominating exchanges for buying and selling Algorand are Binance, Kraken & Kucoin. The most popular Algorand trading pairs are ALGO/USDT (on Binance ), ALGO/KRW (on Upbit ), ALGO/USD (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping ALGO?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Algorand. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to Algorand

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Algorand project's Circulating Supply has been verified and is equal to:

Circulating Supply

7,240,768,368 ALGO

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of Algorand is $0.1616

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