Algorand Price Data
Algorand (ALGO)
currently has a price of
$0.095
and is
up
3.77%
over the last 24 hours. The cryptocurrency is ranked
82
with a market cap of
$855.1M.
Over the last 24 hours, it saw
$42.2M
of trading volume. The token has a circulating supply of
9B
tokens out of a total supply of
9B
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.
