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Learn more about Algorand
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Algorand (ALGO) price has declined today.
Algorand (ALGO) is priced at $0.191 today, with a 24-hour trading volume of $53,093,294.72. It is reflecting a 3.11% decline over the last 24 hours and a 9.65% increase over the past 7 days. With a circulating supply of 8.15 Billion ALGO, Algorand’s current market cap is at $1,557,064,616.60.
The Essence of Algorand (ALGO)
Algorand leverages blockchain technology to support various applications, emphatically focusing on maintaining security and efficiency. Consequently, it aspires to provide a trustworthy platform for calculations and applications.
Initiating its journey in June 2019, Algorand rapidly demonstrated its capability to handle a substantial volume of transactions, impressively hitting almost 1 million a day by December 2020.
Concurrently, in its first coin offering that same month, an Algorand token was priced at $2.4.
The Visionary Minds Behind Algorand
Silvio Micali, an expert from the Massachusetts Institute of Technology, created Algorand.
Recognized for his many contributions to the areas of cryptocurrencies and blockchain with the Turing Award in 2012, he is a respected figure in the crypto world.
Unlocking Algorand’s Uniqueness
Algorand was created to solve slow transaction problems seen in Bitcoin and other similar platforms. It aims to make transactions quicker and the whole system more efficient.
Algorand stands out by having lower transaction fees and not using the energy-draining mining process that Bitcoin does. It uses a transparent, open-to-all proof-of-stake (PoS) blockchain method instead.
Unveiling the Algorand Coin Landscape
In the beginning, the Algorand blockchain created 10 billion ALGO coins.
Originally, the plan was to distribute these 10 billion coins by 2024, but now this will go on until 2030.
Ensuring the Fortification of the Algorand Network
Algorand uses a specific kind of blockchain, called a permissionless, pure proof-of-stake blockchain, to protect its system.
Unlike other models that require massive computing power to validate blocks of transactions, this model makes the block creation process straightforward by just needing validators to agree on what goes into the next block.
Embarking on the ALGO Acquisition Journey
If you want to buy Algorand (ALGO), you can do it through several well-known exchanges, such as:
More details
Coinbase is one of the largest crypto exchanges in the world and a widely-used platform for buying, selling, and trading over 200 cryptocurrencies. It offers trading solutions for beginner, advanced, and institutional traders alike. Take a look at what makes it an excellent option for individual traders looking to trade in cryptocurrencies and beyond.
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A wide-selection of coin offerings.
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Most secure online crypto platforms.
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Top-rated mobile app.
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Easy interface and user-friendly.
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Expensive and complex fee structure for beginners
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Higher fees as compared to other cryptocurrency exchanges.
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Slow customer support.
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
Some of the common trading pairs with Algorand are
- ALGO/USD
- ALGO/GBP
- ALGO/AUD
- ALGO/EUR
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Algorand.
Algorand is a secure and efficient platform using blockchain technology for various applications and calculations.
Silvio Micali from the Massachusetts Institute of Technology created Algorand, and he's a respected figure, winning the Turing Award in 2012 for his work in cryptocurrencies and blockchain.
Algorand is unique because it makes transactions quicker, has lower fees, doesn't use energy-draining mining like Bitcoin, and uses a proof-of-stake blockchain that is open to everyone.
Algorand created 10 billion ALGO coins with a plan to distribute them by 2030.
You can buy ALGO coins on several exchanges, including Coinbase, Binance, OKX, Kraken, and Huobi.
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