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Algorand

ALGO

  • Layer1
  • Infra
Established Year
2017
Headquarter
United States
Operating Status
Active
Algorand is a decentralized, scalable, and secure blockchain infrastructure. It offers transaction throughputs at the speed of traditional finance, with immediate finality, near zero transaction costs, and 24/7 availability. From decentralized finance to generative NFT art, Algorand is powering the economic models of the future. Algorand was designed by MIT professor and Turing Award-winning cryptographer Silvio Micali.

Organisation

Financial Portfolio

Funding

Public Sale
0 Investors
$66 M

    Investment

    Orange DAO
    Orange DAO
    		N/A
    $80 M

    Recent News

    Frequently Asked Questions

    What Is Algorand (ALGO)?

    Algorand is a self-sustaining, [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized), [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain)-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. The Algorand [mainnet](https://coinmarketcap.com/alexandria/glossary/mainnet) became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed [here](https://metrics.algorand.org/). Algorand [initial coin offering](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico) (ICO) was held in June 2019, with the Algorand price of $2.4 per token.