Algorand

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Algorand

Algorand ($ALGO) is positioned to address the blockchain’s scaling challenges through rapid and efficient user consensus, enabling even the smallest transactions, regardless of transaction volume or number of users.

Quick Facts

Algorand is a Layer 1 blockchain
Algorand utilizes a “Pure Proof of Stake” (PPoS) consensus mechanism
Chainlink currently has a limit of 1,147 Transactions Per Second (TPS), but aims for more than 45,000 TPS in the future.
Algorand has no concept of gas fees; the minimum Cost Per Transaction (CPT) is only 1,000 microAlgos, or $0.0008
Algorand’s White Paper 📄

Technical Specifications

(as of 4/06/22)

Performance Data

Metric	Value
Active Transactions Per Second (TPS)	16.46 TPS
Max Theoretical TPS	45,000+ TPS
Average Cost Per Transaction (CPT)	$0.0008
Block Height	20,267,604
Environmental Impact	∙ Algorand pledges to be the greenest blockchain and be carbon neutral thanks to the alliance with ClimateTrade
Bridges	∙ Yieldy

Github Activity

Metric	Value
Repository Name	go-algorand
Stars	1011
Watchers	62
Forks	314
Contributors	72
Merged Pull Requests	2600
Closed vs Total Issues	887 out of 1208

Financial Ecosystem

(as of 4/06/22)

Metric	Value
ALGO Price	$0.8032
Market Cap	$5.38B
Ecosystem Ranking by Market Cap	#30
Token Trading Volume – 24hr	$173.9M
Total Value Locked (TVL)	$121.02M
Liquidity	$12.5M
Number of Active Addresses	473,777
Number of Unique Wallets	Submit data
Circulating Supply	6.71B ALGO
Total Supply	7,140,059,837 ALGO
Node Count	2,061 validator nodes
Inflation Rate	22.49%