Algorand (ALGO) Price

Historical Algorand price chart and current Algorand price.

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What is Algorand?

Algorand allows developers to design and build decentralized applications on its blockchain, much like Ethereum. Algorand's blockchain uses a consensus mechnism called Pure Proof of Stake, in which the next block proposer is chosen on a random and secret basis, ensuring that a user's influence is proportional to the amount staked. Algorand was created by Silvio Micali, a leading cryptographer and winner of the 2012 turing award for his contributions to the field.

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