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Algorand

Algorand is a decentralized blockchain network platform intended to solve the dilemma of implementing speed, security and decentralization of blockchain triangle. Launched in June 2019 by computer scientist Silvio Micali, a professor at THE Massachusetts Institute of Technology, Algorand is a permissionless open source blockchain network that anyone can build on. Algorand is committed to being a payment-centric network with Fast transactions and a strong focus on achieving near-instant Finality. Algorand is able to process over 1,000 transactions per second (TPS) and finalize transactions in less than five seconds. 
Algorand proof of use (PoS) Consensus mechanism and distributes verifier rewards to all holders of its native ALGO cryptocurrency. With strong throughput capabilities and fair community incentives, Algorand is able to manage high throughput requirements for widespread use and a wide variety of use cases worldwide. 
 As a public smart contract Staking depends on Staking, Algorand is currently able to host decentralized application (dApp) development and provide scalability. Rising gas costs on Ethereum led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions, Some are turning to Algorand as an ethereum alternative to dApp development and DeFi apps. 
Algorand also allows developers to use Algorand standard assets (ASA) protocol to create new tokens or transfer existing tokens to the Algorand ecosystem. Stablecoins like USDT and USDC, for example, also exist as ASA on the Algorand blockchain, enjoying higher throughput and lower transaction fees compared to typical transactions on Ethereum. In addition, as the Central Bank continues to study the network to host its central Bank digital currency (CBDC), Algorand has emerged as a viable option and has been selected to host the Marshall Islands CBDC. 
ALGO is the native Algorand cryptocurrency, Is the cornerstone of its network structure. As part of Algorand's unique protocol design, rewards paid to the verifier's production blocks are distributed and distributed among all ALGO token holders, rather than just to the block producers. That means that as of February 2021, All ALGO token holders can get an annual return of about 7.5% (APY). Rewards are distributed approximately every 10 minutes to encourage users to join the Algorand pledge platform and accelerate the path to decentralization. 
 Instead of actually "mortgaging" tokens during block production and validation, users can simply save ALGO in an unmanaged wallet or exchange for the rewards they earn. In this sense, Algorand has achieved near-automation, as pledgers can passively hold ALGO while supporting the network.

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Hedera and Algorand partner to develop decentralized wallet recovery system

Breakout Of The Decade: Roadmap Of Algorand (ALGO) To Reach $300

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Silvio Micali has been on the faculty of the MIT Department of Electrical Engineering and Computer Science since 1983. His research interests are cryptography, zero-knowledge, pseudo-random generation, security protocols, mechanism design, and blockchain. It is worth mentioning that Silvio is also the co-inventor of probabilistic encryption, zero-knowledge proofs, verifiable random functions, and many basic protocols for modern cryptography. In 2017, Silvio founded Algorand, a fully decentralized, secure and scalable blockchain that provides a universal platform for products and services for building a borderless economy. Silvio is responsible for all research at Algorand including theory, security and crypto-finance. Silvio has won the Turing Award (computer science), the Gödel Award (theoretical computer science) and the RSA Award (cryptography). He is a member of the National Academy of Sciences, the National Academy of Engineering, the American Academy of Arts and Sciences, and the National Academy of Sciences of Italy. Silvio received an honorary doctorate in mathematics from the University of Rome and a PhD in computer science from the University of California, Berkeley.

Silvio Micali

Steve is Algorand&#39;s CEO and is responsible for overall business vision and strategy. He is a serial entrepreneur. Most recently, he was co-founder and executive chairman of Fuze, where he was also responsible for corporate strategy. Under his guidance, the company has transformed the way the enterprise views collaboration as a key driver of business visibility, with process improvement and results as key drivers. Today, Fuze has more than 700 employees and serves more than 1,500 enterprise customers around the world. Prior to joining Fuze, Steve was co-founder of BladeLogic, Inc., a recognized leader in the data center automation market with a Fortune 500 customer list including GE, Time Warner, Microsoft, Cable &amp; Wireless, Walmart, and Spring t wait. Bladelogic had a successful initial public offering and was subsequently acquired by BMC Software for approximately $800 million. Prior to joining BladeLogic, Steve was co-founder and CEO of Web Yes, Inc., an early market leader in web hosting and application service providers, providing infrastructure for Sun Microsystems, Netscape, and Lycos, among others. Serve. Web Yes was acquired by Breakaway Solutions in 1999.

Steven Cokinos

Sean has many years of marketing experience working for startups and international technology companies in North America and Asia. He is also a speaker focusing on digital innovation, cloud strategy and fintech. Prior to joining the Algorand Foundation, Sean held management positions at Dell Technologies, Pivotal and EMC, working with customers and partners in more than 20 countries. Sean holds an Executive MBA from the Chinese University of Hong Kong and a double major in Computer Science and Mathematics from the University of Waterloo in Canada. At the same time, he is also a big fan of &quot;Star Wars&quot;, loves photography, and likes whiskey.

	Rank	Source	Price	24h	Volume(24H)	Trading Percent	Updated
1	Binance	1	Binance	ALGO/USDT	0.13160000	2.97%	$4,217,022.6	0.5106%	2024-09-20 00:10:45
2	KuCoin	2	KuCoin	ALGO/USDT	0.13180000	3.37%	$788,561.27	0.0955%	2024-09-20 00:09:16
3	Coinbase Pro	3	Coinbase Pro	ALGO/USD	$0.129	4.45%	$749,585.25	0.0908%	2024-09-20 00:05:12
4	OKX	4	OKX	ALGO/USDT	0.13190000	3.45%	$754,495.26	0.0914%	2024-09-20 00:09:54
5	CoinW	5	CoinW	ALGO/USDT	0.13180000	3.21%	$330,931.8	0.0401%	2024-09-20 00:09:30
6	MEXC	6	MEXC	ALGO/USDT	0.13170000	3.05%	$260,308.54	0.0315%	2024-09-20 00:08:41
7	Gate.io	7	Gate.io	ALGO/USDT	0.13204000	3.33%	$217,061.96	0.0263%	2024-09-20 00:11:04
8	Kraken	8	Kraken	ALGO/USD	$0.1319	3.34%	$201,887.14	0.0244%	2024-09-20 00:06:51
9	BingX	9	BingX	ALGO/USDT	0.13180000	3.37%	$148,394.95	0.0180%	2024-09-20 00:11:04
10	HitBTC	10	HitBTC	ALGO/USDT	0.13168300	3.49%	$99,005.45	0.0120%	2024-09-20 00:10:04
11	Crypto.com Exchange	11	Crypto.com Exchange	ALGO/USDT	0.13176000	3.28%	$71,778.38	0.0087%	2024-09-20 00:10:09
12	Binance	12	Binance	ALGO/BTC	0.00000210	0.96%	$71,423.85	0.0086%	2024-09-20 00:09:27

	Volume(24H)	Trading Percent
OKX	OKX	$765,861.6	0.0955%	Visit
Binance	Binance	$4,346,270.35	0.5419%	Visit
Coinbase Pro	Coinbase Pro	$828,218.43	0.1033%	Visit
Bitfinex	Bitfinex	$11,118.81	0.0014%	Visit
Kraken	Kraken	$289,517.77	0.0361%	Visit
Gate.io	Gate.io	$217,187.11	0.0271%	Visit
KuCoin	KuCoin	$826,886.81	0.1031%	Visit
Crypto.com Exchange	Crypto.com Exchange	$781,418,481.73	97.4302%	Visit
MEXC	MEXC	$273,923.13	0.0342%	Visit
BingX	BingX	$148,394.95	0.0185%	Visit
Upbit	Upbit	$301.04	0.0000%	Visit

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