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Algorand is a decentralised, scalable and “forkless” open-source blockchain project aiming to solve the “trilemma” of high security, high speed and low cost. Algorand has the objective of enabling “frictionless finance” across borders. The Algorand network runs on a Pure Proof of Stake (Pure PoS) consensus mechanism. New blocks are finalised within seconds during two phases with the participation of users depending on their stake in the network. ALGO is Algorand’s native token and can be used to pay DApp computations, staking and earning in the Algorand network and also for transaction fees. Find out more about Algorand (ALGO) on their official website.
Algorand was founded by Silvio Micali, the founder of many foundation protocols of modern cryptography, in 2017
Algorand’s consensus model is permissionless and pure proof-of-stake
Algorand is the first blockchain to provide immediate transaction finality
Algorand's "stateful smart contracts" run on the blockchain's base layer alongside features including Algorand Standard Assets and atomic transfers
Easy and convenient trading platform for new and experienced users
Secure, safe and free wallet service included
Fast and reliable, available 24 hours a day, 7 days a week
Over 50 digital assets, including Bitcoin, Ethereum, Ripple and more
European company, founded in 2014 in Vienna, Austria
Multiple fiat currencies, including euro, Swiss franc, British pound, US dollar and Turkish lira