Algorand (ALGO)

Aims to solve the blockchain trilemma


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0.471709 (-8.29%) arrow_drop_down

Market Price (24h change)


Total Market Cap



info_outline What is Algorand



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..


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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Organization: Contact Privacy Inc. Customer 1242945117
Country: CA
Mail: r
Creation date: 2018-07-13
Expiration date: 2028-07-13

build Algorand Product Analysis



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.) 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.


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



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 5,280 Subscribers
directions_run 43 Active Users
create 3 Daily Posts
speaker_notes 5 Daily Comments
linkOpen Subreddit

Algorand is a scalable, secure and decentralized digital currency and transactions platform. Learn more: Announcements: Discuss:

view_list Algorand Channel
person 9,924 Members
directions_run 768 Online
linkOpen in Telegram

Official Twitter account for Algorand

view_list @AlgoFoundation Channel
person 14,824 Followers
⛓️We're looking for the best teams leveraging blockchain or actively looking to integrate it into their solution to transform business and society in Latin America. Sign up for @FINNOSUMMIT Challenge: Blockchain Edition powered by #Algorand Foundation! 👉🏽 30 favorite
We are very excited to support your innovative Brixton Pound project 51 favorite
¡Es tu gran oportunidad! 10 favorite
Another great #developer office hours session scheduled for this Tuesday! #javascript 26 favorite
We are delighted to announce a grant partnership with @brixtonpound to support the development of a tokenized version of their innovative Complimentary Local Currency, the Brixton Pound. For further information on the grant award and to find out more go to 197 favorite
⛓️Procuramos as melhores equipes que usam ou pensam em incorporar blockchain par transformar negócios na América Latina. ⛓️Faça a sua inscrição ao @FINNOSUMMIT Challenge: Edição Blockchain desenvolvida por @AlgoFoundation! 17 favorite
Check out this recently published #Algorand #Dev Portal solution AlgorandTipBot on Telegram. 1 of the main goals of the tip bot is to reward contributors & this tool will help tip community members for their input, feedback, contributions & engagement in the Algorand ecosystem 28 favorite
Don't Miss #Algorand Asia Accelerator Demo Day tomorrow! 57 favorite
This is a great achievement! It is fantastic to see @PlanetWatchsas rewarding so many contributions to the ecosystem👏👏👏 Global populations are gaining access to transparent, reliable information about air quality wherever they are. Looking forward to meeting the next goal 50 favorite
⛓️Procuramos as melhores equipes que usam ou pensam em incorporar blockchain par transformar negócios na América Latina. ⛓️Faça a sua inscrição ao @FINNOSUMMIT Challenge: Edição Blockchain desenvolvida por @AlgoFoundation! 30 favorite

There are no events for Algorand in the next 3 Months


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



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 385 Stars
remove_red_eye 37 Watchers
usb 144 Forks
sync_problem 163 Open Issues
border_color 15.65 % Comment Coverage
lock_open Other License

attach_money Algorand Price Analysis



Algorand Price Prediction

$ 0.477831 (0.38%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.670964 (40.95%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper


Converter ALGO - USD

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


Market insights

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Algorand Team

Algorand Team Leader

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Algorand Markets

# Exchange Pair Price 24h Volume Trusted
# 1 Coinbase Pro ALGO/USD $ 0.475600 $ 21,022,599 check
# 2 Binance ALGO/BTC $ 0.475350 $ 6,770,998 check
# 3 Coinbase Pro ALGO/BTC $ 0.474426 $ 3,733,989 check
# 4 Coinbase Pro ALGO/EUR $ 0.475327 $ 1,157,618 check
# 5 Kraken ALGO/EUR $ 0.470938 $ 1,027,364 check
# 6 Kraken ALGO/USD $ 0.474760 $ 880,542 check
# 7 Coinbase Pro ALGO/GBP $ 0.471860 $ 845,828 check
# 8 Binance ALGO/BNB $ 0.474990 $ 502,401 check
# 9 Kraken ALGO/BTC $ 0.473810 $ 427,427 check
# 10 Kraken ALGO/ETH $ 0.474119 $ 123,735 check


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