Algorand (ALGO)

Aims to solve the blockchain trilemma

#50

Marketcap Ranking

0.153706 (1.59%) arrow_drop_up

Market Price (24h change)

102,303,467

Total Market Cap

3.5

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info_outline What is Algorand

4.1

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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

www.algorand.com
Algorand Websitemore_vert

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Website Informationclose

Organization: Contact Privacy Inc. Customer 1242186513
Name: Contact Privacy Inc. Customer 1242186513
Country: CA
City: Toronto
Zipcode: M4K 3K1
Address: 96 Mowat Ave
Mail: registrar-abuse@google.com
Creation date: 2016-04-05
Expiration date: 2029-04-05
Nameserver: KIM.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.

file_downloadOpen Whitepaper
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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 1,102 Subscribers
directions_run 16 Active Users
create 1 Daily Posts
speaker_notes 3 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 8,694 Members
directions_run 866 Online
linkOpen in Telegram

Official Twitter account for Algorand

view_list @AlgoFoundation Channel
person 5,388 Followers
03.26.2020
19:45
We have created a worldwide, open data repository, for people to share their #COVID19 status (even if they don't have symptoms). Fill out the short survey and help spread the word: https://t.co/RRhSOp9nSe #IReportCovid @Algorand #blockchain https://t.co/orxCpIKhSC 54 favorite
03.26.2020
11:10
We’ve created an open data repository for people, worldwide, to share their #COVID19 status. The site is free and fully accessible. @Algorand #blockch #IReportCovid For more information, visit: https://t.co/oMwf32pSK9 https://t.co/HFE6MGlcYO 50 favorite
03.25.2020
10:28
To help address the lack of #COVID19 reports from the community we created an open global data repository for people to share their #coronavirus info. It's on the Algorand blockchain to ensure free, permanent public access. Visit https://t.co/ENfWUopuWc for more information. 86 favorite
03.25.2020
10:15
Algorand ecosystem member @PlanetWatchsas producing amazing insights on the changes in pollution levels around the world as a result of the current crisis. 35 favorite
03.25.2020
10:10
Great work from Ian on how to generate an account in the Algorand wallet. https://t.co/zNnFOElFMp 22 favorite
03.22.2020
19:21
USDT, the world's most widely traded stablecoin is now paired with the ALGO. This is a significant step forward on the journey to building a #borderlesseconomy, creating the fastest, most scale-able and most secure way of moving money around the world. https://t.co/uGQt1AyLPb 79 favorite
03.13.2020
15:34
If you missed the Algorand Use Cases Webinar, it's now up on YouTube! Featuring three 10-minute demos/use cases focusing on the practical implementation of DLT and Algorand's blockchain. Watch the presentations from PureStake, Attestiv and Bleumi here: 26 favorite
03.10.2020
13:05
Congratulations to the team at Borderless Capital for their continued momentum and support for the growth of the entire Algorand ecosystem. https://t.co/jqFsBduSOH 86 favorite
03.02.2020
13:49
We're delighted to announce the latest winner of an Algorand Development Award. Eastern Blu Entertainment, from Singapore, have created an innovative approach to digital rights management on the Algorand Blockchain. Click below to find out more: https://t.co/QGwx7zVI93 59 favorite
02.28.2020
14:16
Great new blog posts on the Algorand Community website today, courtesy of @Gonzo_MM and @e_nicleoid 2 great reads. https://t.co/SMehKSEIP2 https://t.co/bt35FiY558 https://t.co/hn710pAukP 41 favorite
Name Date Description
Paris Blkchn Week Summit 03.31.2020
Paris Blockchain Summit 03.31.2020
EDCON 2020 04.03.2020
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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

3.3

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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 276 Stars
remove_red_eye 33 Watchers
usb 108 Forks
sync_problem 138 Open Issues
border_color 0.05 % Comment Coverage
lock_open Other License

attach_money Algorand Price Analysis

3.6

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Algorand Price Prediction

$ 0.153234 (0.52%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.134113 (-12.02%) arrow_drop_down

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 $ 0.154541 $ 1,982,771 check
# 2 Binance ALGO/BTC $ 0.154137 $ 843,803 check
# 3 Coinbase Pro ALGO/USD $ 0.154400 $ 338,578 check
# 4 Binance ALGO/BNB $ 0.154494 $ 133,506 check
# 5 Kraken ALGO/USD $ 0.153200 $ 94,826 check
# 6 Binance ALGO/TUSD $ 0.154185 $ 77,962 check
# 7 Kraken ALGO/EUR $ 0.152144 $ 42,253 check
# 8 Binance ALGO/BUSD $ 0.154267 $ 18,108 check
# 9 Kraken ALGO/BTC $ 0.154074 $ 12,003 check
# 10 Binance ALGO/PAX $ 0.153102 $ 10,020 check

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