Algorand (ALGO) currently has a price of $0.15 and is up 5.22% over the last 24 hours. The cryptocurrency is ranked 56 with a market cap of $1.2B. Over the last 24 hours, it saw $142.5M of trading volume. The token has a circulating supply of 8B tokens out of a total supply of 8B tokens.
Algorand, created by Silvio Micali, is a distinctive blockchain protocol that tackles the primary hurdles faced by current blockchain networks: security, scalability, and decentralization. It introduces Pure Proof-of-Stake (PPoS), a consensus protocol that is highly efficient, secure, and eco-friendly, significantly minimizing energy consumption compared to Proof-of-Work systems.
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