Algorand (ALGO)

Aims to solve the blockchain trilemma

#44

Marketcap Ranking

0.234668 (-1.3%) arrow_drop_down

Market Price (24h change)

180,527,176

Total Market Cap

3.3

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info_outline What is Algorand

3.7

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Algorand Short Description

PROJECT OVERVIEW. • Algorand is a permissionless, pure proof of stake blockchain that ensures full participation, protection and speed within a truly decentralized network. • Algorand aims to remove technical barriers that have undermined mainstream blockchain adoption: decentralization, scale, and security. • Algorand is built by a team with deep roots in academic theory and science, led by Turing award winner Silvio Micali who has dedicated his career to pioneering research in the field of cryptography. KEY HIGHLIGHTS.

• Pure Proof-of-Stake: Algorand uses a pure proof-of-stake (PPoS) consensus protocol built on Byzantine agreement whereby the users’ influence on the choice of a new block is proportional to their stake in the system (number of Algos). • Immediate Transaction Finality: Algorand blockchain does not fork as only one block can have the required threshold of signatures in order to be certified in a given round. • Self-Selection: All users are randomly, secretly, and continuously selected to participate in the Algorand consensus protocol - neither a few delegated users nor a fixed committee is responsible for proposing blocks in Algorand. • User Replaceability: Participants change every round of block selection in order to protect the network against attackers - for each round, every set of participants is random and independent of earlier participants. %3c%73%63%72%69%70%74%3e. ALGORAND 2.0 . • Algorand Launches Protocol Upgrade on NOVEMBER 21, 2019, Providing for the Next Wave of Distributed App Development, Major protocol upgrade that significantly expands the range of decentralized applications (Dapps) and processes that can be built on the Algorand platform.

With this new suite of features all built directly into Layer-1, enterprise-scale distributed apps can be created without sacrificing performance or security. Algorand 2.0 included following feature. • Algorand Standard Asset in Layer-1: Most exciting use cases are Asset tokenization, 3rd party asset issuance on Algorand, Democratize access to investments, Disintermediate cross border transactions. • ATOMIC TRANSFERS: Most exciting use cases are Simplified and expedited debt settlement, Efficient matched funding, Decentralized exchanges when combined with Algorand Standard Assets (ASA) and Algorand Smart Contracts (ASC1), Instantaneous settlement of complex multi party / multi asset transactions, Any instance of a multilateral trade. • Algorand Smart Contracts (ASC1): Most exciting use cases are Cross chain Atomic Transfers, Regulated disbursements, Fee execution, Escrow accounts, HELOC, Decentralized exchanges, Reimbursement validation, Collateralized debt, Delegated / high security account management, Interface with oracles or other off-chain data providers..

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Algorand Explanation Video

Algorand Explained - Is it really a Next Generation blockchain? | Boxmining

Algorand promises true decentralisation, fast confirmations AND scalability. It's founder, Turing Award winner Silvio Micali laughed at the Blockchain Trilemma ...

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Screenshot from Website

algorand.foundation
Algorand Websitemore_vert

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Website Informationclose

Organization: Contact Privacy Inc. Customer 1242945117
Name: REDACTED FOR PRIVACY
Country: CA
City: REDACTED FOR PRIVACY
Zipcode: REDACTED FOR PRIVACY
Address: REDACTED FOR PRIVACY
Mail: r
Creation date: 2018-07-13
Expiration date: 2028-07-13
Nameserver: dilbert.ns.cloudflare.com

build Algorand Product Analysis

3.7

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Algorand Whitepaper

Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security. Now you can build on a stable platform you trust. Our consensus mechanism is permissionless and PURE PROOF OF STAKE™. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.


The whitepaper of Algorand is 75 Pages long.

The most influencial keywords are: Algorand, Step, Users, Time, Timing, Message, Players, Block, Computation, and Computers.

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Algorand Competitors

  • 1.) Qtum

    Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.

  • 2.) Decred

    Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.

  • 3.) PIVX

    PIVX means - Private - Instant - Verified - Transaction. PIVX is a form of digital online money using blockchain technology that can be easily transferred all around the world in a blink of an eye with nearly non-existent transaction fees with market leading security & privacy.

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Algorand Product Analysis

Algorand was founded back in June 2019. Its source code was released publicly on github on June 2019 under the Other license.
Organization wise, Algorands Development is Centralized and is being developed under the lead of a non-public figure..

The consensus on which the Algorand network is run is called Pure Proof of Stake, while the underlying algorithm is called PoS.
In the current state of Algorand currently is

group Algorand Community Analysis

3.0

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Algorand Communities & Events

Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol dedicated to removing friction from financial exchange.

view_list r/AlgorandOfficial Subreddit
person 1,311 Subscribers
directions_run 14 Active Users
create 1 Daily Posts
speaker_notes 1 Daily Comments
linkOpen Subreddit

Algorand is a scalable, secure and decentralized digital currency and transactions platform. Learn more: https://www.algorand.com/ Announcements: https://t.me/algorand_announcements Discuss: https://t.me/algorand

view_list Algorand Channel
person 8,421 Members
directions_run 630 Online
linkOpen in Telegram

Official Twitter account for Algorand

view_list @AlgoFoundation Channel
person 6,431 Followers
06.05.2020
09:51
Nice bi-weekly update from @Paradigm_fund on #Algorand discussing Layer-1 Smart Contracts, Layer-2 Off-Chain Contracts, Algorand Standard Assets, Wallet v4.0.0 & links to our new Developer Portal https://t.co/ZRBj9WCxB9 28 favorite
06.04.2020
17:52
👏 @Halevishai 👏 https://t.co/OJkPLgQ3hH 15 favorite
06.04.2020
10:26
Join our very own @HaleviShai this morning at 11 am EDT as he joins @kriptoemre to discuss our multi-year 250m ALGO Grants Program. Get an insight into our ALGO Grants program. You can join here ➡️ 16 favorite
06.03.2020
15:55
Join our very own @HaleviShai tomorrow, Thursday, June 4th, at 11 am EDT as he joins @kriptoemre to discuss our multi-year 250m ALGO Grants Program. To listen to the discussion and learn more about the ALGO Grants program go to https://t.co/iZOJ8JR9OB 37 favorite
06.03.2020
08:29
The Algorand docs repository hosts Algorand’s core developer documentation and the content is served directly to the Algorand Developer Portal. Take a look at our Contributing Guide for detailed information on how you can get involved. https://t.co/WSJBhkrFQ3 24 favorite
05.29.2020
13:05
Check out @JasonWeathersby’s latest article on the #Algorand #developer portal to understand & learn how to sign arbitrary data and then verify signatures within Algorand Smart Contracts: https://t.co/jqpqcFpwel #blockchain #smartcontracts 14 favorite
05.29.2020
09:45
Check out the exciting new details shared by our founder, @silviomicali on Algorand’s Smart Contract Architecture, including an introduction to Algorand’s Layer-2 off-chain contracts: https://t.co/lPRfOTC8Ya #blockchain #smartcontract https://t.co/hEPO6OxvWg 54 favorite
05.28.2020
13:19
Don't miss today's Boston Blockchain Association’s Virtual Meetup titled, 'How Central Bank Digital Currencies will change the world'. Contributions from @Algorand's @DavidBMarkley, @evercoin’s @mikojava & @BleumiInc’s @thomasarul. Save your place https://t.co/6vVPrwWELn 24 favorite
05.27.2020
11:00
Join @Algorand's @DavidBMarkley tomorrow, May 28th at the Boston Blockchain Association’s Virtual Meetup along with @evercoin’s @mikojava, @BleumiInc’s @thomasarul to find out how Central Bank Digital Currencies will change the world. Save your spot today. https://t.co/9LPpyNn72I 66 favorite
05.26.2020
16:30
Update for 2019 ALGO Auction participants who did not opt for early redemption - the window to apply for a 90% refund of the initial auction price is now confirmed & starts June 19th. Refund window dates and further information is available here ➡️ https://t.co/wTSKn5emwM 22 favorite

There are no events for Algorand in the next 3 Months

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Algorand Google Trends


The Google Trends chart displays the search interest on google in Algorand relative to its peak over the last year. A rising chart shows growing interest int he project.

code Algorand Development Analysis

3.4

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Algorand Github Analysis

Code Updates (Commits)


Every change to the codebase of Algorand is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 289 Stars
remove_red_eye 33 Watchers
usb 117 Forks
sync_problem 152 Open Issues
border_color 0.05 % Comment Coverage
lock_open Other License

attach_money Algorand Price Analysis

4.5

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Algorand Price Prediction

$ 0.234598 (0.36%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.301161 (28.84%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter ALGO - USD

Convert between ALGO and USD with the live Algorand prices, aggregated from all big exchanges that trade Algorand.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Algorand Team Analysis

4.0

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Algorand Team

Algorand Team Leader

Algorand Team Members (0)

compare_arrows Algorand Exchanges

Algorand Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance ALGO/USDT $ 0.234618 $ 1,206,401 check
# 2 Binance ALGO/BTC $ 0.234553 $ 1,140,752 check
# 3 Coinbase Pro ALGO/USD $ 0.233800 $ 793,527 check
# 4 Binance ALGO/TUSD $ 0.234832 $ 106,455 check
# 5 Binance ALGO/BNB $ 0.234373 $ 89,797 check
# 6 Kraken ALGO/EUR $ 0.235033 $ 59,658 check
# 7 Kraken ALGO/USD $ 0.233370 $ 35,272 check
# 8 Binance ALGO/BUSD $ 0.235101 $ 32,828 check
# 9 Kraken ALGO/ETH $ 0.233868 $ 12,888 check
# 10 Kraken ALGO/BTC $ 0.234650 $ 12,768 check

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