About Algorand (ALGO)
Currency Details
Name Algorand
SymbolALGO
Market Capitalization$11.52 billion
Coin or TokenCoin
Algorithm
Proof TypePoS
Genesis Date6/19/2019
Mineable?No
Official Links
BitcoinTalk Announcement
ViewFacebook PageN/A
Community Discussion
Research Tools
Blockchain Explorer (Alt)N/A
Algorand (ALGO) Frequently Asked Questions
What is Algorand?
The Algorand platform is the first public, a permissionless pure proof-of-stake blockchain protocol that solves the “blockchain trilemma” of achieving scalability, security, and true decentralization all at once. Performance on the Algorand platform exceeds 1000 transactions per second (TPS) with a latency of fewer than 5 seconds, putting it on par with the throughput of major global payment networks without compromising security or decentralization. (Description provided by CryptoCompare)
How do I buy Algorand?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Algorand.
What do investment analysts think about Algorand?
Weiss Research, an investment research firm that rates cryptocurrencies, has given Algorand an overall rating of "C-", a technology and adoption rating of "D+", and a market performance rating of "B".
Where can I get Algorand wallet?
Algorand produces its own wallet software that is available for download on its website, which allows you to store Algorand on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Algorand?
One Algorand (ALGO) is currently worth $1.87 on major cryptocurrency exchanges. You can also exchange one Algorand for 0.00003089 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Algorand in U.S. dollars is $11.52 billion.
How do I mine Algorand?
Algorand is a proof-of-stake (PoS) currency, which means that blocks on the Algorand blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.
What is the Reddit page for Algorand?
Algorand (ALGO) Price Chart for Sunday, October, 24, 2021
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Algorand (ALGO) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Algorand. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Algorand Coin" over the last 90 days.
Algorand (ALGO) Website Traffic
Algorand (ALGO) Social Media Trends
Algorand (ALGO) News Headlines
