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Algorand

Algorand is a blockchain-driven platform that uses the Proof-of-Stake consensus mechanism and a Byzantine agreement protocol. This network has been designed from the ground up to provide an answer to the famous ‘blockchain trilemma’ focusing on delivering great scalability, top security, and a decentralized framework. Algo token is very important for the overall functionality of the Algorand chain and it is used to reach the network consensus, pay transaction fees, and generally occupy a major role in the Algorand blockchain governance process.

price:$0.249863

market cap:$1.8B

24 Hour Trading Vol:$78.2M

Circulating Supply:7.1B

Total Supply:7.3B

Total Staked:52.64%

Staked Value:$932.1M

Inflation:3.93%

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