Algorand is an alternative, general-purpose blockchain that supports smart contracts. The blockchain was created in response to mainstream blockchains, such as Ethereum and Bitcoin, facing increasing transaction fees & slower network speed. General-purpose blockchains, like Algorand and Ethereum, are built to allow developers to create any number of products and services on top of the network.
Algorand is very similar to Ethereum in that it was built to support many types of applications. While Algorand has lower transaction costs and can handle more transactions per second, it does not have nearly the same amount of adoption as other general-purpose blockchains.
How do you feel about Algorand?
Get up to speed on Algorand in less than 5 mins.
Complete these tasks to become a cryptohunt certified expert.
Algorand is aon its own,uses to validate transactions,and is.Algorand also supports.
Interesting facts about Algorand
Here are some facts you may not already know about Algorand. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
Algorand allows developers to build any type of application on top of it.
Algorand was created as an alternative blockchain with cheaper transactions fees.
Algorand was created by Silvio Micali who won the Turing Award for his contributions to the field of cryptography.
Algorand reviews from the cryptohunt community
Dive deeper into the different opinions about Algorand and learn how others feels about it.
See how much Algorand is worth and learn from other insightful metrics
-0% past 1 week
Based on 1 community reviews
0% feel totally fine about Algorand today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market capitalization Very small
24 hour trading volume Very small
Market cap % of total Very small
# Discord members 38,819 6% of them are active
# Telegram members 34,308 2% of them are active
% of total supply circulating Very small
What’s the community like?
Community matters for projects like Algorand, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.