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Sign UpArticles / Resources in Development© Everychain, Inc. 2022. All rights reserved
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% |
Key Projects
Learning Resources
Algorand Blockchain Core Protocol Overview — YouTube
Algorand Blockchain Core Protocol Overview — YouTube
Social Media
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Company Info
- Legal Name: Algorand Inc.
- Founded: 2019
- HQ: Boston, Massachusetts, United States
- Current employee count: 100+ people
Key People
- Silvio Micali — Founder
- Steve Kokinos — CEO
- W. Sean Ford — COO
Funding Ecosystem
- Fund: Algorand Foundation Grants, Arrigton Capital $100M Algorand Ecosystem Fund, Algorand Foundation $300 Viridis DeFi Fund, Borderless Capital $500 Algorand Fund
- Studio: Algorand Foundation Accelerator Programs
Investors
- Borderless Capital, Union Square Ventures, Kosmos Ventures, Foundation Capital, Pillar VC, Alumni Ventures, AlphaCoin Fund, NEO Global Capital (NGC), ICONIUM, Polybius Capital, Eterna Capital, Digital Asset Capital Management, Lemniscap, Struck Crypto, Karnika Yashwant, Harrison Uffindell, Kingsley Advani, Mei Z., Benjamin Kong
On this page
- Algorand
- Quick Facts
- Technical Specifications
- Financial Ecosystem
- Key Projects
- Learning Resources
- Social Media
- Company Info
- Key People
- Funding Ecosystem
- Investors