Algorand (ALGO)

Aims to solve the blockchain trilemma

#61

Marketcap Ranking

1.209079 (4.29%) arrow_drop_up

Market Price (24h change)

1,319,721,960

Total Market Cap

3.4

-

info_outline What is Algorand

4.4

help_outline

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..

help_outline

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 ...

help_outline
Screenshot from Website

algorand.foundation
Algorand Websitemore_vert

Visit Webpage

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

4.5

help_outline

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
help_outline

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.) SmartCash

    SmartCash is a self-funded cryptocurrency focused on daily payments, fast transactions and worldwide adoption.

  • 3.) 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.

help_outline

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

3.4

help_outline

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. Founded by Turing Award-winning cryptographer Silvio Micali.

view_list r/AlgorandOfficial Subreddit
person 17,972 Subscribers
directions_run 240 Active Users
create 23 Daily Posts
speaker_notes 187 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 13,126 Members
directions_run 1,792 Online
linkOpen in Telegram

Official Twitter account for Algorand

view_list @AlgoFoundation Channel
person 24,836 Followers
03.22.2021
09:22
Join the 2nd event of the #Algorand Educate series and learn about the Algorand Consensus Algorithm 👇 https://t.co/ymaOBKYx28 37 favorite
03.19.2021
23:00
Final Reminder for our 4 x100 USDT relay around 4 continents competition! Don't miss out on an opportunity to submit your best time & enter to win 5,000 $algo for the fastest team. You have an HOUR left to enter a submission👉https://t.co/EKFflUfpAo https://t.co/BQzjmkO1Yy 40 favorite
03.19.2021
21:00
We are approaching the end of our 4 x100 USDT relay competition with the deadline to enter in 3 HOURS! You have plenty of time to participate as under a minute is going to win the 5,000 $algo for the fastest team. Submit your entry at👉https://t.co/EKFflUfpAo https://t.co/wDEWVJ3Asx 74 favorite
03.19.2021
18:00
4 x100 USDT relay competition ends in 6 HOURS! 5,000 $algo for the fastest team. Enter your relay submission 👉https://t.co/EKFflUx0rW https://t.co/2iag4wwjqt 54 favorite
03.19.2021
15:38
Our CEO @AlgoSeanLee & @Hex_Trust CEO, Alessio Quaglini joined @scrumbo___ for a discussion on the growth of institutional adoption in APAC of digital assets & #blockchain tech both in terms of investment & direct utilisation of these networks. 👉https://t.co/V6Wcos8Z9g https://t.co/5BZ1nymzBB 54 favorite
03.19.2021
12:55
“NFTs” with @j0hmo, @wheresaddie, and @chrisswenor. Starts in 5 minutes! https://t.co/H6Gjh6XBbx 46 favorite
03.19.2021
12:04
Next Tuesday's #Algorand #Developer Office Hours will feature demos on building #blockchain solutions with #Xamarin Sign up to save your seat 👇 https://t.co/7VTuCrzOeP 38 favorite
03.19.2021
12:00
Our #NFT Clubhouse Chat starts in an hour at 1pm GMT! You can join the NFT discussion with @j0hmo and @wheresaddie at https://t.co/l9cPbvjla5 Submit any questions you have for Johanna and Addie using #CryptoLunch. We will also share the interview post event! https://t.co/PJ4M2h7xga 23 favorite
03.19.2021
11:21
4 x100 USDT relay around 4 continents competition ends TODAY! Don't miss out on an opportunity to submit your best time & enter to win 5,000 $algo for the fastest team. Learn how to enter 👉https://t.co/EKFflUfpAo It's on!! https://t.co/iCOvkHsLzR 44 favorite
03.19.2021
10:36
We're pleased to share @spidotdev have been awarded a grant. They will work with fellow grant recipient @TheBAFNetwork to develop the Alchedemia platform, a modular #blockchain infrastructure for the Next Gen of Digital Learning Environment. 👉https://t.co/q8KPFdfMvE 👈 https://t.co/HneYAxNOnC 160 favorite

There are no events for Algorand in the next 3 Months

help_outline

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

help_outline

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 465 Stars
remove_red_eye 41 Watchers
usb 158 Forks
sync_problem 165 Open Issues
border_color 15.44 % Comment Coverage
lock_open Other License

attach_money Algorand Price Analysis

4.2

help_outline

Algorand Price Prediction

$ 1.186734 (-2.3%) arrow_drop_down

Predicted USD Market Price in 24h by Coinpaper

$ 1.373594 (13.08%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

help_outline

Converter ALGO - USD

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


help_outline

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

help_outline

Algorand Team

Algorand Team Leader

Algorand Team Members (0)

compare_arrows Algorand Exchanges

Algorand Markets

help_outline
# Exchange Pair Price 24h Volume Trusted
# 1 Binance ALGO/USDT $ 1.207136 $ 31,984,468 check
# 2 Coinbase Pro ALGO/USD $ 1.209700 $ 19,175,719 check
# 3 Binance ALGO/BTC $ 1.204093 $ 10,533,417 check
# 4 Binance ALGO/BUSD $ 1.204875 $ 2,171,055 check
# 5 Kraken ALGO/USD $ 1.207830 $ 1,968,003 check
# 6 Coinbase Pro ALGO/BTC $ 1.204666 $ 1,962,757 check
# 7 Coinbase Pro ALGO/EUR $ 1.206068 $ 1,863,019 check
# 8 Coinbase Pro ALGO/GBP $ 1.211389 $ 1,753,314 check
# 9 Kraken ALGO/EUR $ 1.206961 $ 1,032,212 check
# 10 Binance ALGO/BNB $ 1.207849 $ 491,738 check

add
help_outline

Fast Scroll

Jump to specific section