About Algorand

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 ...