The Algorand consensus model works to create transparency, protection and speed within a decentralized network. With a focus on instantaneous transaction finality, Algorand’s transaction throughput can accommodate large payment and financial networks.
Algorand (ALGO) is a scalable blockchain platform using Pure Proof-of-Stake (PoS) consensus. It's designed for fast transactions and decentralized applications, with a focus on energy efficiency and low fees.
Algorand is a blockchain platform emphasizing speed, scalability, and decentralization. Unlike many blockchains, it uses Pure PoS where all ALGO holders can participate in consensus without locking funds.
Algorand's Pure PoS randomly selects validators for each block, making it secure and energy-efficient. Finality is instant—once a block is added, it can't be reversed.
ALGO has a fixed max supply of 10 billion coins. New coins are minted as rewards for participation in consensus, with gradual distribution to prevent inflation shocks.
Use Algorand's official wallet or supported exchanges. ALGO can be staked directly from any wallet, used for transactions, or to interact with dApps on the network.