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:$0.093624
market cap:$731.7M
24 Hour Trading Vol:$21.9M
Circulating Supply:7.8B
Total Supply:7.8B
Total Staked:27.83%
Staked Value:$240.3M
Inflation:2.13%
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