$ALGO Algorand ALGO the native cryptocurrency of the Algorand blockchain. Algorand is a proof-of-stake (PoS) blockchain platform designed to enable fast, scalable, and secure transactions. It's known for its focus on solving the blockchain trilemma: achieving a balance between decentralization, scalability, and security.
Algorand aims to provide a high-performance blockchain without compromising on decentralization, unlike some traditional blockchains that may sacrifice one of these aspects. ALGO tokens are used to pay transaction fees, participate in staking to secure the network and as a reward for validators.
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