Algorand is a decentralized network based on blockchain that aims to enable convergence between traditional and decentralized finance.

Algorand uses a unique consensus mechanism called pure proof-of-stake, which ensures scalability, security and decentralization. Algorand was created by the Algorand Foundation, and its native cryptocurrency is ALGO.

Algorand users can conduct instant transactions using ALGO, as well as create decentralized applications, new tokens and smart contracts. Algorand is one of the newest and most promising projects in the blockchain sector.

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