Algorand
ALGO
Crypto
Decentralised Networks
USD 0.14-0.95%
Algorand
UMushroom community rating:
About
Decentralised Networks
CategoryProof Of Stake
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2019
Year of creation
Description
Algorand (ALGO) is a Decentralised Networks crypto coin. The coins can be earned through the process of staking and validating. Algorand`s origin block was generated on 2019-06-11. More information can be found at http://algorand.foundation.
Key Technical Advantages:
Algorand as a Public Ledger: Algorand is a decentralized, efficient, and democratic way to implement a public ledger. It is designed to be an alternative to blockchain technologies like Bitcoin, offering a scalable and computationally efficient solution for recording transactions in a tamperproof manner. Byzantine Agreement: Algorand is based on a novel and super-fast message-passing Byzantine agreement. This consensus mechanism allows the system to maintain security and correctness even in the presence of malicious or faulty nodes, making it a reliable platform for transactions. Algorithmic Randomness: Algorand uses algorithmic randomness to select a set of verifiers responsible for constructing the next block of valid transactions. This selection process is provably immune from manipulation and unpredictable, ensuring a fair and decentralized system. Negligible Fork Probability: Algorand's transaction history has an extremely low probability of forking (e.g., one in a trillion or even 10^_18). This ensures the stability and consistency of the transaction history, providing a strong foundation for various applications, such as cryptocurrencies and smart contracts. Democratic Approach: Algorand does not create different classes of users like in Bitcoin, where miners and ordinary users have distinct roles. Instead, all power resides with the set of all users, making it a truly democratic system. This aspect addresses some of the legal and political concerns associated with traditional blockchain-based systems. Content summarized by AI chatbotSource:
https://developer.algorand.org/Key figures
-28.2%1Y
-40.7%3Y
-42.5%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
31.08.2022
USD 3.17
All Time High
4.56%
% of All Time High
-97.22%All Time
-75.73%1 year
Max drawdown
#55
Ranking by Market Cap
1,336.45 M
Market cap (USD)
0.00%
% of Market
826.361 B
Category Market Cap (USD)
0.16%
% of Category
10000000000
Circulating Supply
8795265514
Liquid Supply
87.95%
Liquid/ Circulating Supply
10000000000
Max Supply
100.00%
Circulating/ Max Supply
73466266
Volume Traded
5.46%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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