FAQ?

What is the price of Algorand (Algo)?

The Algorand price today is $ 0.338696 USD with a 24 hour trading volume of $89.19M USD. Algorand (ALGO) is up 0.70% in the last 24 hours.

What is Algorand doing to foster future technology?

Algorand is dedicated to fostering constant evolution to anticipate and fulfill future technology needs on our platform. Our researchers represent some of the best and brightest in blockchain and cryptocurrency. Recent research that has been peer reviewed and edited is found below.

How does Algorand scale consensus?

To scale the consensus to many users, Algorand uses a novel mechanism based on Verifiable Random Functions that allows users to privately check whether they are selected to participate in the BA to agree on the next set of transactions, and to include a proof of their selection in their network messages.

How does Algorand generate certificates in one step of voting?

Effectively, after the block propagates, a certificate is generated in just one step of voting. This white paper has been published here. Abstract: Algorand uses a new Byzantine Agreement (BA) protocol to reach consensus among users on the next set of transactions.