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.
API ID: algorand
24 Hour Trading Vol:$78.2M
Learn how to stake XPRT (Persistence) with Keplr wallet with our user-friendly beginners guide.
Step-by step guide on how to buy XPRT tokens (Persistence Network) on centralized and decentralized exchanges.