Algorand (ALGO) logo
Algorand (ALGO) logo

Algorand (ALGO) Review

Expert Review
Nov 17, 2020

Algorand is a scalable, secure, and decentralized digital currency and transactions platform.

Founded by Turing award winner and MIT professor Silvio Micali, Algorand is a permissionless pure proof-of-stake blockchain protocol. Unlike first-generation consensus mechanisms, Algorand's technology finalizes blocks in seconds and provides immediate transaction finality while preventing forks. Algorand does also not reward validators with newly minted tokens.

With a primary focus on developers and their needs, Algorand's node repository has been open-sourced and is publicly available. Algorand provides a robust set of developer tools, DApp analytics through a partnership with Flipside Crypto, and has a number of partners building on their blockchain, including OTOY, Syncsort, TOP Networks, Asset Block and more.

logo
Exchange cryptocurrencies at the best rate in a few minutes
  • Maximum Supply (# or Uncapped): 10,000,000,000
  • Genesis Block / Distribution Date: June 11, 2019
  • Consensus Mechanism (Precise): Permissionless, Pure Proof of Stake
  • Emission Type (Precise): Fixed supply with Pre-minted rewards
  • Block Time (Seconds): Sub 5 seconds
The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
Write your review
Rating
Please choose your rating.
Your review

Leave your review about Algorand (ALGO) here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews

Here are no reviews yet. Be the first!

Related news
Algorand (ALGO) logo

Algorand (ALGO) Review