What Is Algorand (ALGO)?

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.

Who Are the Founders of Algorand?

Silvio Micali is a professor of computer science at the Massachusetts Institute of Technology, and the founder of Algorand. He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.

What Makes Algorand Unique?

Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.

How Many Algorand (ALGO) Coins Are There in Circulation?

The genesis of the Algorand blockchain states that 10 billion ALGO was minted. The distribution of the fixed and immutable 10 billion ALGO will end in 2030, rather than the initial plan of 2024. For more information about Algorand’s tokenomics, see here.

How Is the Algorand Network Secured?

The Algorand blockchain is a permissionless pure proof-of-stake blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators (using computing power), in the pure proof-of-stake approach all of the validators are known to one another and only have to agree on the next block in order to create a new block.

Where Can You Buy Algorand (ALGO)?

Algorand can be bought on the following exchanges: Coinbase Binance OKEx Kraken Huobi To check Algorand price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Algorand price page. Alternatively, use the dedicated exchange rate converter page. Popular Algorand price pairs include: ALGO/USD, ALGO/GBP, ALGO/AUD and ALGO/EUR.

What tools does Nimbus offer for effortlessly monitoring Algorand?

Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor Algorand effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to Algorand. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking Algorand prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.

How does Nimbus enable tracking Algorand prices with profit and loss?

Nimbus facilitates the tracking of Algorand prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.

How does Nimbus analyze Algorand, and what insights does it provide?

Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting Algorand . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their Algorand. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.

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ALGO Market Statistics

  • Price USD

    $0.185607
  • Market Cap

    $1,514,588,555.14
  • Total Volume USD

    $73,184,057.24
  • Total Supply

    10,000,000,000.00 ALGO
  • Circulating Supply

    8,160,205,292.23 ALGO
  • Fully Diluted Market Cap

    $1,856,066,729.82
  • Socials

  • Official links

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