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What is Algorand (ALGO)?

Algorand was launched in 2019 and is designed as a payment-focused network. It aims to create a business-ready protocol that addresses the blockchain trilemma. Algorand employs a unique two-tiered structure combined with Proof-of-Stake to achieve this, offering very fast transaction speeds and transaction finality. The project attracted a diverse group of early investors due to its potential applications and ability to provide a foundation for existing and new businesses to develop projects globally within the decentralized economy. What are the key features of ALGO and how does it work? Algorand uses a permissionless, pure Proof-of-Stake protocol that supports scalability, open participation, and transaction finality necessary for building systems for potentially billions of users. It is ...

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Global prices

ALGO / DKKDanish Krone

1.603426

ALGO / GBPBritish Pound Sterling

0.181132

ALGO / HKDHong Kong Dollar

1.874759

ALGO / INRIndian Rupee

20.50186

ALGO / JPYJapanese Yen

35.245514

ALGO / MXNMexican Peso

4.650563

ALGO / AUDAustralian Dollar

0.382261

ALGO / TRYTurkish Lira

9.139487