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Algorand

24H Low

$1.73

24H High

$1.85

Price

Market Stats

24H Average Transaction Fee

n/a

About Algorand

Algorand is a proof-of-stake (PoS) blockchain that supports smart contracts. Its protocol uses Pure PoS, through which users are selected on a random and secret basis to propose blocks and vote on proposals. In that way, the blockchain ensures that each user’s influence on the choice of a new block is proportional to the user’s stake in the system. Founded by MIT professor and Turing Award recipient Silvio Micali in June 2019, Algorand is designed as a scalable and secure blockchain free of potential governance issues such as forks. The network’s Algorand 2.0 update, released in late 2019, adds decentralized finance (DeFi) features and smart contracts. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.

Returns

Number of Transactions

Price Performance

Average Time Token is Held

Twitter Sentiment

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Crypto to FIAT

Crypto to Crypto

Last Updated on 10/16/21 2:45 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indexes of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


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Disclaimer

Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.

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