Algorand (ALGO) is a decentralized, proof-of-stake blockchain platform designed to facilitate fast, secure, and efficient transactions.
Founded in 2017 by MIT professor and Turing Award winner Silvio Micali Algorand aims to address the blockchain trilemma by achieving scalability security and decentralization simultaneously.
As of January 10, 2025, ALGO is trading at approximately $0.3575 USD, with a 24-hour trading volume around $218 million USD. The circulating supply is about 8.36 billion ALGO with a maximum supply capped at 10 billion ALGO.
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