What is Algorand cryptocurrency?

Algorand's native cryptocurrency is called ALGO. Algorand was founded in 2017 by Silvio Micali, a professor at MIT. The Algorand test network was launched to the public in April 2019, and the main network was launched in June 2019. Algorand has a negligible energy consumption per transaction.

Does Algorand have a turbulence?

Despite its strengths, Algorand hasn't been immune to turbulence. One issue that appears to drag it down is a lack of high-profile partnerships and limited adoption of its platform. While Ethereum has cornered the market on decentralized finance (DeFi) and non-fungible tokens (NFTs), Algorand has yet to make a significant splash in these realms.

Can two Algorand blocks reach consensus in the same round?

Two different Algorand blocks cannot reach consensus in the same round. According to an external security audit, the model also accounts for timing issues and adversary actions, e.g., when the adversary has control over message delivery.

How much APY does Algorand have?

Staking your ALGO on the official Algorand Wallet gives you around 6% APY. ALGO rewards are directly transferred to the wallet and will automatically accumulate and compound as time passes. With as little as 10 ALGO, centralized exchanges such as Binance and Coinbase provide additional options for users to stake their ALGO tokens.