What is Algorand (ALGO)?

Algorand is a Layer 1 blockchain that uses a proprietary consensus mechanism called “Pure Proof of Stake”. Founded by MIT professor Silvio Micali in 2017, Algorand was one of the first blockchains that embraced environmental sustainability efforts. Since its carbon footprint is relatively small due to its energy-efficient proof of stake-based architecture, Algorand has achieved “carbon-negative” status since it offsets more than its carbon footprint through carbon credits.
Thumbnail
ALGO
No value0% last 7 days
5
Cryptohunt's Opinion

Our take on Algorand

Algorand gets high praise from us for being a blockchain that offsets more than its carbon footprint and we wish more blockchains will follow its lead. Its ecosystem, while smaller than other Layer 1 blockchains, is gaining more and more momentum by the day through the announcements of a partnership with FIFA and the revival of the Limewire brand. Based on Algorand’s fundamentals, it seems like it is poised to take a bigger slice of the market.
#1
#2
#3
#4
#5
#6

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.
What makes Algorand special?
Algorand is a on 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.
#1

Algorand was created by Silvio Micali who won the Turing Award for his contributions to the field of cryptography.

#2

Algorand was created as an alternative blockchain with cheaper transactions fees.

#3

Algorand allows developers to build any type of application on top of it.

Algorand reviews from the cryptohunt community

Dive deeper into the different opinions about Algorand and learn how others feels about it.
Algorand
Positive review
Review author avatar
jajazen
5 days ago

Good team of previous TradFi people. Good brand partnerships. Undervalued asset. Solving real world problems in simplistic ways.

0
0
0
Algorand
Positive review
Review author avatar
larsrosenberg
2 mo. ago

Great technology. It's more scalable than Ethereum, while still being secure and relatively decentralized.

1
0
0
Algorand
Positive review
Review author avatar
Swoat
3 mo. ago

Great team. Growing ecosystem.

1
0
0

Algorand price and insights

See how much Algorand is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 5 community reviews
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
40,008
6% of them are active
# Telegram members
25,113
3% 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.
# Discord members
40,008
# Active Discord members
2,327
# Telegram members
25,113
# Active Telegram members
683

Join the conversation 💬

Log in or sign up to leave a comment