Algorand
Algorand is a high-speed, proof-of-stake blockchain designed for scalability and decentralization without sacrificing security. It supports smart contracts, DeFi apps, and tokenized assets. ALGO is used for transaction fees, staking, and governance participation. It’s appealing to developers and investors looking for efficient, low-latency blockchain infrastructure.
| Algorand | |
|---|---|
| Market Cap Rank | 46 |
| Sector / Use Case | Smart Contracts |
| Consensus Mechanism | Pure Proof-of-Stake |
| Year Launched | 2019 |
| Current Price Range | $0.08-$1.50 |
| All-Time High | $3.28 (Jun 2019) |
| Staking Rewards (%) | 4-6% |
| Developer Activity Level | High |
| Institutional Adoption | High |
| Notable Features | High scalability, instant transaction finality |
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