Algorand Price Data
Algorand (ALGO)
currently has a price of
£0.071
and is
up
3.98%
over the last 24 hours. The cryptocurrency is ranked
82
with a market cap of
£638.1M.
Over the last 24 hours, it saw
£30.1M
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.
