Algorand Price Data
Algorand (ALGO)
currently has a price of
€0.083
and is
up
6.86%
over the last 24 hours. The cryptocurrency is ranked
81
with a market cap of
€753.9M.
Over the last 24 hours, it saw
€37.9M
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.
