What is Algorand (Algo)?

Algorand (ALGO) is both a digital currency and blockchain platform. The Algorand platform is designed to process many transactions quickly, similar to major payment processors like Mastercard or Visa. In addition, Algorand can host other cryptocurrencies and blockchain-based projects, making it a direct competitor to Ethereum.

What cryptocurrencies does Algorand support?

The Algorand blockchain supports various projects, many of which focus on decentralized finance like decentralized lending and trading. In addition, the Algorand blockchain supports other cryptocurrencies such as stablecoins and even a digital national currency. Can You Mine ALGO?

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.

What is the maximum supply of Algorand (Algo)?

The total max supply of ALGO is 10 billion. Algorand (ALGO) can be traded at an exchange like Coinbase. People who viewed Algorand tend to also view the following cryptocurrencies. Assets with the biggest change in unique page views on coinbase.com over the past 24 hours. A selection of cryptocurrencies in the top 50 by market cap.