Algorand ALGO
Rank #82 by market cap
Last 7 days
▼7.60%What Algorand is
Algorand was launched in 2019 by Silvio Micali, an MIT professor and Turing Award winner whose earlier work is foundational to modern cryptography. Its consensus design is unusual in a specific way: a small committee is selected at random for each block, secretly, so that nobody knows in advance who will be chosen and there is no one to bribe or attack.
The practical result is that blocks are final immediately. There is no waiting for confirmations and no possibility of the chain reorganising, which matters a great deal for payments and for any application where a reversed transaction would be a real problem.
Its difficulties have been economic rather than technical. Early distribution, including a token sale structure and large foundation holdings released on a schedule, put sustained selling pressure on the price for years. Adoption has skewed heavily toward institutional pilots, central bank experiments and government partnerships — announcements that generate headlines but frequently do not translate into sustained on-chain activity. And the relay nodes that propagate blocks were a permissioned set for much of the network's life, which is a meaningful qualification to describe alongside the decentralisation claims.
About the asset
Algorand has no token contract — it is the native asset of its own chain, not a token issued on someone else's.
Price change
Algorand data synced 7m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell ALGO.