Algorand (ALGO) Price in USD with Live Chart & Market Cap

Algorand (ALGO) Price Live Statistics

Algorand price today is $0.90041908913 USD, which is down by -2.29% over the last 24 hours. There has been an hourly dip by -3.18%. Algorand’s market cap currently sits at $5,894,770,000.00 USD, holding up for a market cap rank at #25. Algorand ranks no 25 in the market capitalization of Algorand is at $5,894,770,000.00 and its volume for 24 hours is $368,040,000. 6.55 B Algorand are under circulation, with total supply of 6.99 B and the Maximum supply of 10.00 B.

Who are the founders of Algorand?

Behind all of this incredible future-oriented innovation, an algorand's team gave massive effort and skills to make such a thing happen. The founder of algorand is Silvio, who created this company in 2017, which provides the decentralized, secure and scalable blockchain solution for products and services from all across the countries. The CEO of this company is Steve, and he is responsible for the overall business vision and strategy.
 

Meet their team:

• W. Sean Ford : COO
• Jing Chen : Head of Theory Research and Chief Scientist
• Gary Malouf : Head of Engineering
• Chris Peikert : Head of Cryptography
• Nickolai Zeldovich : Head of Distributed Systems

 

What Gives Algorand Values?

What makes the algorand diffrent from other blockchain projects is their commitment to creating a sustainable green blockchain. Its founder, Silvio Micali, is trying to contribute to the world with the next generation of technology. They are using a unique consensus mechanism in order to save energy. They had partnered with the climate trade company, which provides sustainability and emissions offsetting commitments with innovative digital solutions.
 

 

How to buy Algorand?

To buy any cryptocurrency, you need to open an account in the crypto exchange. Crypto exchange is a place where cryptocurrencies are trading every day. 

Woltonchain is available on many exchanges like Binance, Huobi Global, Coinbase, OKEx, WazirX, CoinDCX, Gate.io, CoinDCX, Bitay, AOFEX, etc.

Once your account is ready, you are eligible to trade any cryptocurrency available on your exchange. Deposit the fund and trade whatever you want to. From the withdrawal option, you can get your money back.

 

How does Algorand is secured?

The Algorand blockchain uses a unique protocol in its blockchain that is a permissionless pure proof-of-stack protocol. It is built on the byzantine consensus mechanism.

 In other  Ppos systems your influence gets stronger as you hold more tokens, and it is a big threat for the users because owners definitely have more stack and they can interrupt anything in this ecosystem, but here, validators are randomly selected by the computing process, which makes impossible to ruin the ecosystem by the big holders of the token. 

 

How many coins are there in circulation?

There are 6.28B ALGO tokens in circulation as of  November 2021. If you want to track your coin, you can check out the DigitalCoinPrice website, where you can build and track your portfolio, also; if you want to know more about other coins, you can get detailed information here.
 

How does the Algorand work?

More than hundreds of companies are starting their financial service or product-based projects on algorand blockchain. Algorand provides a robust and healthy ecosystem for the longer-term vision of the future of finance. Here, companies can build their project using algorand's blockchain, and by doing this, they can join the whole new other financial world where many other financial projects are also running on this blockchain. It makes it easier to connect with other companies and have a facility to do transactions across its blockchain using ALGO token. 

 

Benefits of Algorand

• Convergence between traditional and decentralized financial models
• Commitment to sustainable, eco-friendly blockchain
• Low transaction cost and lower carbon emissions
• Private and public models
• Performance and scale
• Tier-1 and tier-2 smart contracts
• Open-source growing ecosystem