Algorand (ALGO)

Aims to solve the blockchain trilemma

#49

Marketcap Ranking

0.241007 (0.91%) arrow_drop_up

Market Price (24h change)

130,683,194

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 - PPoS Algorithm, Unforkable and Fast blockchain | Ivan on Tech

Let's discuss the Algorand project, what they are trying to achieve and how they are planning to do it. We discuss their pure proof of stake consensus algorithm, ...

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Screenshot from Website

algorand.foundation
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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

4.0

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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

3.2

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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 879 Subscribers
directions_run 9 Active Users
create 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 9,795 Members
directions_run 661 Online
linkOpen in Telegram

Official Twitter account for Algorand

view_list @AlgoFoundation Channel
person 4,329 Followers
01.29.2020
15:18
Congrats to @BinanceAmerica for expanding @Algorand staking opportunities to their community, giving users the ability to earn staking rewards and participate in network governance. #inclusivity #PPoS #borderlesseconomy #blockchain @coindesk @wsfoxley https://t.co/uQp5NcAEr4 31 favorite
01.28.2020
16:24
Listen to Silvio Micali and Steve Kokinos, appearing on the Epicenter podcast, discuss the core innovations of the Algorand blockchain and their vision of future development. 18 favorite
01.28.2020
11:33
Algorand Foundation's Shai Halevi is giving a talk this Friday in the Booz Allen Hamilton Colloquium at the University of Maryland, on "Advanced Cryptography: Promise, Progress, and Challenges" https://t.co/MQLB0Sf377 16 favorite
01.27.2020
19:47
Algorand’s 200 Million Staking Reward Program is approaching the first distribution date of March 1, 2020. Make sure you've completed your KYC/AML to ensure that you are able to participate and receive your staking rewards. Read more: https://t.co/x1RA17x3pn 13 favorite
01.24.2020
15:32
The Algorand Developer Relations team are an amazing source of insight, help and assistance to the Algorand community. Check out their latest post on account creation using Javascript with the Algorand blockchain. https://t.co/l5ELjUPGyk 29 favorite
01.23.2020
22:00
We’re thrilled to announce the launch of our global Ambassador Rewards Program! As an @Algorand Ambassador, you will have the opportunity to become a leader in growing your local Algorand community and earn rewards for your achievements. Learn more here: https://t.co/FcQM1ww2Xi https://t.co/Vj9X7fU1Hc 52 favorite
01.14.2020
14:22
Excited to announce that Tal Rabin, our Head of Research, will be speaking at RSA 2020 USA from February 24 - 28. Tal will be speaking as part of the The Cryptographer's Panel on the West Stage. https://t.co/SDCWRshbwZ . 29 favorite
12.16.2019
13:09
Excited to welcome @FondBordoni to our ecosystem! "Fondazione Ugo Bordoni Partners with the Algorand Foundation for the Advancement of Blockchain in Italian Initiatives" Read the full release -> https://t.co/u503SaiQpA https://t.co/vwB7NDv1HV 40 favorite
12.06.2019
16:21
Our community should check this out! Very impressive @thedanigrant https://t.co/k1ImfRcYUw 9 favorite
12.03.2019
23:38
Excited to see the amazing innovation that is enabled by the new Algorand 2.0. Great work by @proofplum https://t.co/uLhaSGawZa 12 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

3.1

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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 259 Stars
remove_red_eye 30 Watchers
usb 101 Forks
sync_problem 115 Open Issues
border_color 0.06 % Comment Coverage
lock_open Other License

attach_money Algorand Price Analysis

4.3

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Algorand Price Prediction

$ 0.244435 (1.19%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.243134 (0.66%) 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 Members (0)

compare_arrows Algorand Exchanges

Algorand Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance ALGO/USDT $ 0.241271 $ 1,170,070 check
# 2 Binance ALGO/BTC $ 0.240662 $ 694,883 check
# 3 Coinbase Pro ALGO/USD $ 0.240000 $ 260,298 check
# 4 Binance ALGO/TUSD $ 0.240983 $ 105,357 check
# 5 Binance ALGO/BNB $ 0.240155 $ 43,173 check
# 6 Binance ALGO/PAX $ 0.242759 $ 5,411 check
# 7 Huobi ALGO/USDT $ 0.240970 $ 413,845 clear
# 8 OKEx ALGO/USDT $ 0.240770 $ 386,295 clear
# 9 BitMax ALGO/BTC $ 0.240381 $ 276,764 clear
# 10 BitMax ALGO/USDT $ 0.241372 $ 253,703 clear

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