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:$21.9M
Lean how to stake XPRT like a pro with our complete guide that covers all wallets and staking methods.
Learn how to stake XPRT (Persistence) with Keplr wallet with our user-friendly beginners guide.