Algorand

Algorand

Carbon-Negative Pure Proof of Stake Blockchain

Launch Year
2019
Consensus
Pure Proof of Stake (PPoS)
Max Supply
10,000,000,000 ALGO
Block Time
~3.9 seconds
ALGO
ALGO
Algorand
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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  • 1000+ supported exchange pairs
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Algorand Price Chart

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About Algorand

Algorand is a high-performance, carbon-negative blockchain built to solve the blockchain trilemma of security, scalability, and decentralization. Founded by MIT professor and Turing Award winner Silvio Micali, Algorand uses a unique Pure Proof of Stake consensus mechanism that enables high throughput without sacrificing decentralization. Algorand has positioned itself as a platform for Central Bank Digital Currencies (CBDCs), real-world asset tokenization, and DeFi applications.

History

2017
Algorand founded by Turing Award winner Silvio Micali at MIT
2019
Algorand mainnet launches with Pure Proof of Stake consensus
2020
Marshall Islands selects Algorand for its national digital currency (SOV)
2021
Algorand becomes carbon-negative, offsetting more CO2 than the network generates
2022
Algorand hosts FIFA World Cup NFT programs; DeFi ecosystem grows rapidly
2023
State Proof technology enables trustless cross-chain communication

How to Swap ALGO

Swap Algorand ALGO on SyntheticSwap in minutes with no account needed. Select ALGO from the currency list, choose your destination cryptocurrency, enter your wallet address, and confirm the rate. SyntheticSwap handles the exchange at the best available market rate and sends the result directly to your wallet.

How to Store ALGO

Algorand ALGO is supported by several wallets. Pera Wallet (formerly Algorand Wallet) is the official mobile wallet with full ASA token support. MyAlgo Wallet is a popular browser-based option. Ledger hardware wallets support ALGO through the Algorand app for maximum security. Coinomi is a multi-coin wallet that also supports ALGO for users wanting to manage multiple assets.

Frequently Asked Questions