Rank # 71

Algorand

ALGO/USD

Current Price:

$0.111

1h24h7d14d30d1yr

0.2%

4.2%

-8.6%

-7.4%

4.7%

-49.3%

24 Hour Low

$0.105

24 Hour High

$0.114

Market Cap

$985,763,795

Circulating Supply

8913645212.01452

About

Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Developers can build decentralized applications (dApps) using familiar programming languages, including Python, which Algorand supports natively. Its infrastructure enables various use cases, including payment systems, digital identity solutions, supply-chain tracking, and financial services. The protocol's architecture allows for tokenization of assets and the development of smart contracts, while its technical specifications support both retail users seeking basic transaction capabilities and enterprises requiring more, complex, blockchain solutions.