What is Algorand used for?

Apart from consensus, ALGO is also used for network transaction fees. If you want to buy or sell ALGO, you can easily do so through Binance's convert feature or exchange view. Algorand is a fairly new blockchain focused on improving scalability without sacrificing decentralization.

What is Algorand blockchain?

Algorand aims to achieve global trust among trustless parties through blockchain-based decentralization. The platform prioritizes simple designs for developing technology that can eliminate barriers to prosperity. What Makes Algorand a Green Blockchain?

How do I buy or sell Algorand?

If you want to buy or sell ALGO, you can easily do so through Binance's convert feature or exchange view. Algorand is a fairly new blockchain focused on improving scalability without sacrificing decentralization. This problem is common to many of the first and second-generation blockchains, such as Bitcoin and Ethereum.

How many Algorand coins are there?

The total supply of ALGO is capped at 10 billion coins, with about 7 billion ALGO already circulating. Algorand (ALGO) is a blockchain platform and cryptocurrency designed to function like a major payment processor. The Algorand blockchain uses a consensus mechanism it calls pure proof of stake.