Algorand (ALGO)

Aims to solve the blockchain trilemma


Marketcap Ranking

0.382121 (2.01%) arrow_drop_up

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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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
Creation date: 2016-04-05
Expiration date: 2029-04-05

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.) 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.


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 3,396 Subscribers
directions_run 32 Active Users
create 3 Daily Posts
speaker_notes 7 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 8,766 Members
directions_run 545 Online
linkOpen in Telegram

Official Twitter account for Algorand

view_list @AlgoFoundation Channel
person 8,090 Followers
We are also excited to announce that @stakerdao is the 1st project to be accepted into the #Algorand Asia Accelerator, a Finance 3.0 focused blockchain launchpad helping projects to establish & deepening their strategic presence in Asia. #blockchain #DeFi 49 favorite
Creating Value on the Blockchain. Join the great panel lineup of @borderless_cap's David Garcia, @multicoincap's @Mable_Jiang and @CryptosGumi's Rui Zhang today for the latest webinar in the #Algorand Asia Accelerator series. Register at 58 favorite
So excited to see the announcement of the second Avatar ‘Finality’ which joins ‘Consensus’ for #Algorand house on @Houseofcryptoo 41 favorite
In latest interview of our #Algorand Asia Accelerator series, listen to @PropsProject Co-Founder & CEO, Adi Sideman as he introduces #Props, shares why they are transitioning their side-chain to Algorand and shares great advice for new founders. See 81 favorite
Don't miss Thursday's #Algorand Asia Accelerator webinar! The investors edition features @borderless_cap's David Garcia, @multicoincap's @Mable_Jiang and @CryptosGumi's Rui Zhang discuss creating value on the blockchain. Register your interest at ➡️ 76 favorite
Don't miss the 3rd webinar of the #Algorand Asia Accelerator series! The investors edition features @borderless_cap's David Garcia, @multicoincap's @Mable_Jiang and @CryptosGumi's Rui Zhang who will discuss creating value on the blockchain. Register at 64 favorite
We are so excited to have the House of #Algorand now feature on @Houseofcryptoo Are you ready to fight for the Algorand house #Crypto #blockchain 44 favorite
We're delighted to announced @rv_inc are the latest recipient of an Algorand Foundation Grant. Runtime Verification Inc will develop a formal semantic framework for #Algorand’s advanced smart contracts! For further details see #blockchain #smartcontracts 143 favorite
In the latest interview of our #Algorand Asia Accelerator series, listen to @carlosdomingo, Co-Founder & CEO of @Securitize as he introduces #Securitize, shares how it all started, why they chose #Algorand and gives some great advice to new founders. See 52 favorite
#Algorand Asia Accelerator August 6th Webinar: Join @borderless_cap's David Garcia, @multicoincap's @Mable_Jiang and @CryptosGumi's Rui Zhang for the latest webinar in the series titled, 'Creating Value on the Blockchain'. You can register at 52 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 313 Stars
remove_red_eye 35 Watchers
usb 124 Forks
sync_problem 135 Open Issues
border_color 0.06 % Comment Coverage
lock_open Other License

attach_money Algorand Price Analysis



Algorand Price Prediction

$ 0.382324 (0.33%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.375596 (-1.43%) arrow_drop_down

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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account_circle Algorand Team Analysis



Algorand Team

Algorand Team Leader

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compare_arrows Algorand Exchanges

Algorand Markets

# Exchange Pair Price 24h Volume Trusted
# 1 Binance ALGO/USDT $ 0.381642 $ 11,546,907 check
# 2 Coinbase Pro ALGO/USD $ 0.381000 $ 7,338,848 check
# 3 Binance ALGO/BTC $ 0.380907 $ 6,662,778 check
# 4 Coinbase Pro ALGO/EUR $ 0.381723 $ 693,739 check
# 5 Kraken ALGO/USD $ 0.381190 $ 655,085 check
# 6 Kraken ALGO/EUR $ 0.383008 $ 547,354 check
# 7 Binance ALGO/BUSD $ 0.381242 $ 344,544 check
# 8 Coinbase Pro ALGO/GBP $ 0.386280 $ 315,375 check
# 9 Binance ALGO/TUSD $ 0.382339 $ 168,417 check
# 10 Binance ALGO/BNB $ 0.380015 $ 156,260 check


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