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Cryptocurrencies:  6,244Markets:  24,774Market Cap:  $349,475,452,85124h Vol:  $101,444,759,318BTC Dominance:  61.2%
Market Cap:  $349,475,452,85124h Vol:  $101,444,759,318BTC Dominance:  61.2%Cryptocurrencies:  6,244Markets:  24,774

Algorand (ALGO)

$0.360353 USD (0.56%)
0.00003109 BTC (2.52%)
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  • Market Cap
    $278,126,485 USD
    23,999 BTC
  • Volume (24h)
    $64,903,098 USD
    5,600 BTC
  • Circulating Supply
    771,817,007 ALGO
  • Total Supply
    3,303,088,850 ALGO
  • Historical data for Algorand

    Currency in USD
    Loading...
    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Aug 06, 2020
    0.336021
    0.373365
    0.334821
    0.363978
    80,849,804
    280,924,369
    Aug 05, 2020
    0.326469
    0.345461
    0.322232
    0.336210
    59,452,182
    259,492,919
    Aug 04, 2020
    0.309632
    0.330702
    0.309604
    0.326361
    36,437,559
    251,891,119
    Aug 03, 2020
    0.301198
    0.321355
    0.298709
    0.309632
    35,563,711
    238,979,279
    Aug 02, 2020
    0.326107
    0.334075
    0.285208
    0.301198
    57,456,906
    232,470,087
    Aug 01, 2020
    0.325342
    0.333831
    0.319960
    0.326553
    58,184,980
    252,039,121
    Jul 31, 2020
    0.334140
    0.351718
    0.315884
    0.325342
    75,002,381
    251,104,560
    Jul 30, 2020
    0.308896
    0.346613
    0.305958
    0.333733
    138,288,081
    257,580,885
    Jul 29, 2020
    0.313938
    0.326913
    0.307597
    0.308854
    50,534,906
    238,378,536
    Jul 28, 2020
    0.287536
    0.315914
    0.277685
    0.313289
    62,403,459
    241,801,490
    Jul 27, 2020
    0.320547
    0.323266
    0.271740
    0.287449
    85,347,338
    221,858,400
    Jul 26, 2020
    0.319054
    0.330740
    0.306387
    0.320547
    52,223,639
    247,403,473
    Jul 25, 2020
    0.312185
    0.336199
    0.311433
    0.319127
    46,361,293
    246,307,687
    Jul 24, 2020
    0.328756
    0.330305
    0.311320
    0.311912
    41,895,273
    240,738,693
    Jul 23, 2020
    0.346038
    0.349094
    0.325940
    0.328696
    53,781,716
    253,693,253
    Jul 22, 2020
    0.345599
    0.356877
    0.344366
    0.346089
    50,305,323
    267,117,123
    Jul 21, 2020
    0.358133
    0.369685
    0.339099
    0.345399
    78,305,897
    266,584,873
    Jul 20, 2020
    0.388310
    0.393660
    0.344273
    0.359709
    103,494,709
    277,629,354
    Jul 19, 2020
    0.355333
    0.394619
    0.340890
    0.388201
    73,970,160
    299,620,091
    Jul 18, 2020
    0.346432
    0.363014
    0.332252
    0.355003
    65,071,045
    273,997,276
    Jul 17, 2020
    0.354309
    0.380943
    0.332962
    0.346839
    146,141,038
    267,696,512
    Jul 16, 2020
    0.287913
    0.359006
    0.266296
    0.352240
    207,333,074
    271,864,947
    Jul 15, 2020
    0.272188
    0.291240
    0.261317
    0.288032
    58,034,540
    222,308,350
    Jul 14, 2020
    0.265905
    0.276285
    0.252958
    0.272282
    47,664,473
    210,151,699
    Jul 13, 2020
    0.279149
    0.289811
    0.262073
    0.265905
    61,304,601
    205,229,775
    Jul 12, 2020
    0.279884
    0.285427
    0.263374
    0.279149
    48,952,586
    215,451,724
    Jul 11, 2020
    0.249936
    0.293252
    0.249382
    0.279883
    97,654,539
    216,018,408
    Jul 10, 2020
    0.242019
    0.251699
    0.230231
    0.249944
    34,658,190
    192,911,206
    Jul 09, 2020
    0.246869
    0.253832
    0.235513
    0.242524
    41,951,827
    187,184,279
    Jul 08, 2020
    0.232496
    0.251114
    0.230458
    0.246869
    39,878,814
    190,537,407
    Jul 07, 2020
    0.228608
    0.235500
    0.222608
    0.232496
    28,795,350
    179,444,215

About Algorand

What is Algorand?

Algorand is a scalable, secure, and decentralized digital currency and transactions platform.

Founded by Turing award winner and MIT professor Silvio Micali, Algorand is a permissionless pure proof-of-stake blockchain protocol. Unlike first-generation consensus mechanisms, Algorand's technology finalizes blocks in seconds and provides immediate transaction finality while preventing forks. Algorand does also not reward validators with newly minted tokens.

With a primary focus on developers and their needs, Algorand's node repository has been open-sourced and is publicly available. Algorand provides a robust set of developer tools, DApp analytics through a partnership with Flipside Crypto, and has a number of partners building on their blockchain, including OTOY, Syncsort, TOP Networks, Asset Block and more.

  • Maximum Supply (# or Uncapped): 10,000,000,000
  • Genesis Block / Distribution Date: June 11, 2019
  • Consensus Mechanism (Precise): Permissionless, Pure Proof of Stake
  • Emission Type (Precise): Fixed supply with Pre-minted rewards
  • Block Time (Seconds): Sub 5 seconds

How does Algorand work?

The Algorand blockchain network has its own official native cryptocurrency, called the Algo, to drive the borderless economy and the system of incentives. The Foundation holds Algos to contribute to the stability of the Algorand blockchain, to incentivize network participation, and to support the Algorand community, ecosystem building, and research. The Algos enter the ecosystem via various channels including development and research grants, participation rewards, and sales. All such activities are disclosed with full transparency to the Algorand community.

Algorand Technology: Algorand utilizes a Pure Proof of Stake, where validators are not rewarded nor are they at risk of being slashed. It becomes impossible for the minority to cheat and irrational for the majority to cheat the system as it would devalue their holdings. There is also no locking of tokens so a user has their tokens available at all time. Blocks are created in two phases where a single token is selected randomly and its owner proposes the next block. Subsequently, 1000 random tokens are selected with their owners then approving the block proposed by the first user.

These phases are ensured by the core protocol called Binary Byzantine Agreement, or Byzantine Agreement ★ (‘Star’), encompassing the following advancements:

  • Cryptographic sortition (self-selection) To prevent an adversary from targeting committee members, BA★ uses verifiable random functions (VRFs) to randomly select committee members in a private and non-interactive way.
  • Participant replaceability. BA★ mitigates adversary targeting a committee member by requiring committee members to speak just once, thus becoming irrelevant to BA★.

Experimental results running on 1,000 Amazon EC2 VMs demonstrate that Algorand can:

  • Confirm a 1 MByte block of transactions in ~22 seconds with 50,000 users
  • Latency remains nearly constant when scaling to half a million users
  • Achieve 125X the transaction throughput of Bitcoin
  • Achieve acceptable latency even in the presence of actively malicious users.

A test network for the protocol was launched in July 2018, and the first open-source code was released on Github in October 2018. As such, Algorand encourages anyone to audit its version of the VRF, forked, and extended from the libsodium cryptographic library.

Algorand Statistics

Algorand Price$0.360353 USD
Algorand ROI
-89.01%
Market Rank#43
Market Cap$278,126,485 USD
24 Hour Volume$64,903,098 USD
Circulating Supply771,817,007 ALGO
Total Supply3,303,088,850 ALGO
Max SupplyNo Data
All Time High
$3.28 USD
(Jun 21, 2019)
All Time Low
$0.102403 USD
(Mar 13, 2020)
52 Week High / Low
$0.877914 USD /
$0.102403 USD
90 Day High / Low
$0.394619 USD /
$0.181100 USD
30 Day High / Low
$0.394619 USD /
$0.230231 USD
7 Day High / Low
$0.379649 USD /
$0.285208 USD
24 Hour High / Low
$0.379649 USD /
$0.342284 USD
Yesterday's High / Low
$0.373365 USD /
$0.334821 USD
Yesterday's Open / Close
$0.336021 USD /
$0.363978 USD
Yesterday's Change$0.027957 USD (8.32%)
Yesterday's Volume$80,849,804 USD
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