Algorand (ALGO)

Algorand (ALGO) is a highly efficient blockchain platform designed to deliver fast, secure, and scalable solutions for decentralized applications and digital transactions. Founded by computer scientist Silvio Micali in 2017, Algorand utilizes a unique Pure Proof-of-Stake (PPoS) consensus mechanism, ensuring low transaction fees and minimal energy consumption. With a focus on sustainability and interoperability, Algorand has become a preferred choice for developers, enterprises, and governments looking to harness blockchain technology for a wide range of use cases, including DeFi, NFTs, and tokenized assets. Its native token, ALGO, powers the ecosystem, enabling transactions, governance, and staking rewards.