Algorand
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What is Algorand?
Origins and consensus
Algorand's development began in 2017 around cryptographer and MIT professor Silvio Micali. The mainnet launched in 2019. Pure Proof of Stake selects block proposers and voting committees through cryptographic sortition. Selection uses verifiable random functions and is weighted by participating stake. The protocol confirms blocks through committee voting rather than proof-of-work mining.
Supply and participation
The entire maximum supply of 10 billion ALGO was created at genesis. Reserve distributions and rewards move those existing coins into circulation. ALGO pays transaction fees and maintains required account and application balances. Block-proposer staking rewards launched in January 2025. Direct participation requires an online consensus account, with at least 30,000 ALGO needed to qualify for rewards.
Applications and assets
The Algorand Virtual Machine executes smart contracts on Layer 1. Developers can compile supported Python or TypeScript contract code into TEAL. Algorand Standard Assets provide a native framework for fungible tokens and NFTs. Atomic transfers allow groups of transactions to succeed or fail together. These features support payments, tokenized assets and decentralized financial applications.
Where to trade ALGO
77 exchanges · top 10
Live spot quotes from connected exchanges
ALGO funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.