$ 0.6691
-1.49%
An icon of the cryptocurrency Algorand (ALGO)

Algorand (ALGO) price to USD & live value of today

Algorand (ALGO) live price in US dollar (USD). View statistics about today's value, market cap and supply.

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ALGO value statistics

Price to USD $ 0.6691
Price to BTC 0.000056 BTC
Rank 15
24h volume $ 323.23 million
Market cap $ 1.87 billion
All-time high $ 1.12 on 7/3/2019

Supply information

2.79 billion ALGO
Details
Total supply 10.00 billion ALGO
Burned, team or smart contract locked balances. - 7.21 billion ALGO
Circulating supply 2.79 billion ALGO
27.9%
Circulating supply 2.79 billion ALGO
Total supply 10.00 billion ALGO

What is Algorand

Algorand (ALGO) is a public blockchain that uses a unique consensus mechanism, called pure proof-of-stake. The company claims that it offers high scalability and that it prevents forks from happening. Algorand makes it simple and fast for developers to build on blockchain; you can build applications on Algorand in your preferred programming languages.

The goal of Algorand

The Algorand foundation aimed to create an open, public and permissionless blockchain. They had a vision for an inclusive ecosystem that provides an opportunity for everyone to harness the potential of an equitable and truly borderless economy. Algorand aims to be a decentralized, secure, and scalable blockchain which provides a common platform for building products and services for a borderless economy.

Who started Algorand

In 2017, Algorand was founded by cryptography entrepreneur, and MIT professor, Silvio Micali. He designed the Algorand platform with an internationally recognized team of researchers, mathematicians, cryptographers, and economists.

Visit algorand.foundation External site
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