What is Algorand (ALGO)?

Algorand (ALGO) is a decentralized, permissionless blockchain protocol and open-source cryptocurrency used to facilitate transactions and secure the network against malicious actors. It's designed to provide fast, secure, and reliable transactions with low transaction fees and scalability. Algorand (ALGO) is an asset-agnostic, proof-of-stake protocol that is capable of processing thousands of transactions per second with minimal fees.

For What is Algorand (ALGO) Used For?

Algorand (ALGO) is primarily used as a means of payment and a store of value. It is used to transfer money, purchase goods and services, and send messages securely. It is also used to create and deploy decentralized applications (dApps), tokenize assets, and create smart contracts. Algorand (ALGO) is a valuable asset for investors due to its low transaction fees, scalability, and security. It also offers a highly liquid market with few restrictions on transaction sizes.

Who Created Algorand (ALGO)?

Algorand (ALGO) was created by Silvio Micali, a Turing Award-winning professor at MIT and a renowned cryptography expert. He is also the founder of the Algorand Foundation, which is responsible for the development, management, and ongoing maintenance of the Algorand protocol.

Algorand (ALGO) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ALGO-USDT ALGOUSDT	binance	AA	0.09730USDT	1.67%	29,689,963.00ALGO	33,128	0.09570USDT	0.09990USDT
2	ALGO-USD ALGOUSD	kraken	AA	0.09727USD	1.62%	14,733,547.14ALGO	4,710	0.09572USD	0.09988USD
3	ALGO-USD ALGO-USD	coinbase	AA	0.09724USD	1.68%	13,126,849.90ALGO	12,178	0.09563USD	0.09988USD
4	ALGO-USDT ALGO-USDT	okex	A	0.09723USDT	1.64%	10,416,282.91ALGO	18,046	0.09566USDT	0.09994USDT
5	ALGO-USDT ALGOUSDT	bybit	A	0.09726USDT	1.59%	9,439,158.40ALGO	21,421	0.09574USDT	0.09994USDT
6	ALGO-USDT ALGO_USDT	whitebit	BB	0.09720USDT	1.36%	6,211,701.14ALGO	10,018	0.09590USDT	0.09990USDT
7	ALGO-EUR ALGO-EUR	coinbase	AA	0.08456EUR	1.48%	4,883,973.00ALGO	4,607	0.08333EUR	0.08680EUR
8	ALGO-USDC ALGOUSDC	binance	AA	0.09730USDC	1.67%	4,686,962.00ALGO	6,546	0.09570USDC	0.09980USDC
9	ALGO-EUR ALGOEUR	kraken	AA	0.08459EUR	1.54%	3,478,526.53ALGO	1,930	0.08331EUR	0.08683EUR
10	ALGO-USDT ALGOUSDT_SPBL	bitget	BB	0.09724USDT	1.60%	3,266,102.48ALGO	4,699	0.09571USDT	0.09990USDT
11	ALGO-USDT ALGO_USDT	gateio	A	0.09727USDT	1.62%	2,984,209.27ALGO	2,669	0.09572USDT	0.09993USDT
12	ALGO-USDT ALGO-USDT	kucoin	BB	0.09710USDT	1.36%	2,649,864.65ALGO	3,358	0.09580USDT	0.09980USDT
13	ALGO-USDT ALGOUSDT	kraken	AA	0.09730USDT	1.51%	1,266,410.25ALGO	376	0.09585USDT	0.09990USDT
14	ALGO-TRY ALGOTRY	binance	AA	4.70TRY	1.10%	892,698.50ALGO	890	4.65TRY	4.81TRY
15	ALGO-USD ALGO_USD	cryptodotcom	AA	0.09704USD	1.39%	759,798.00ALGO	840	0.09571USD	0.09977USD
16	ALGO-USDC ALGO-USDC	okex	A	0.09720USDC	1.55%	750,595.17ALGO	780	0.09572USDC	0.09985USDC
17	ALGO-EUR ALGO_EUR	whitebit	BB	0.08480EUR	1.56%	721,099.97ALGO	559	0.08350EUR	0.08690EUR
18	ALGO-GBP ALGOGBP	kraken	AA	0.07248GBP	0.99%	617,558.78ALGO	130	0.07177GBP	0.07455GBP
19	ALGO-USDC ALGO_USDC	gateio	A	0.09713USDC	1.40%	619,651.47ALGO	298	0.09579USDC	0.09997USDC
20	ALGO-USDC ALGO_USDC	whitebit	BB	0.09710USDC	1.57%	523,037.73ALGO	654	0.09560USDC	0.09960USDC
21	ALGO-BTC ALGO_BTC	whitebit	BB	0.0₅1195BTC	-2.28%	401,440.00ALGO	539	0.0₅1223BTC	0.0₅1239BTC
22	ALGO-USD ALGUSD	bitfinex	BB	0.09724USD	1.57%	350,310.59ALGO	339	0.09574USD	0.09977USD
23	ALGO-USD algousd	bitstamp	AA	0.09699USD	1.06%	345,643.76ALGO	308	0.09597USD	0.09983USD
24	ALGO-GBP ALGO-GBP	coinbase	AA	0.07240GBP	1.05%	319,576.00ALGO	226	0.07165GBP	0.07450GBP
25	ALGO-USDC ALGOUSDC	kraken	AA	0.09707USDC	1.15%	309,899.45ALGO	205	0.09597USDC	0.09972USDC
26	ALGO-EUR algoeur	bitstamp	AA	0.08350EUR	0.61%	181,639.17ALGO	94	0.08299EUR	0.08669EUR
27	ALGO-EUR ALGO-EUR	okex	A	0.08458EUR	1.72%	162,936.08ALGO	361	0.08315EUR	0.08666EUR
28	ALGO-BTC ALGOXBT	kraken	AA	0.0₅1194BTC	-2.61%	164,748.20ALGO	133	0.0₅1226BTC	0.0₅1240BTC
29	ALGO-USDC ALGOUSDC	bybit	A	0.09695USDC	1.30%	117,045.80ALGO	200	0.09571USDC	0.09914USDC
30	ALGO-USDT ALGO_USDT	cryptodotcom	AA	0.09716USDT	1.46%	94,283.00ALGO	253	0.09576USDT	0.09989USDT
31	ALGO-USD ALGOUSD	cexio	BB	0.09876USD	4.20%	80,336.38ALGO	4	0.09479USD	0.09878USD
32	ALGO-USDC ALGO-USDC	kucoin	BB	0.09720USDC	1.36%	67,297.91ALGO	245	0.09590USDC	0.09920USDC
33	ALGO-BTC ALGO-BTC	kucoin	BB	0.0₅1192BTC	-2.45%	54,140.54ALGO	177	0.0₅1222BTC	0.0₅1240BTC
34	ALGO-USD ALGO-USD	okex	A	0.09686USD	1.33%	49,111.24ALGO	50	0.09559USD	0.09928USD
35	ALGO-BTC ALGO-BTC	coinbase	AA	0.0₅1180BTC	-4.07%	42,384.00ALGO	29	0.0₅1230BTC	0.0₅1230BTC
36	ALGO-ETH ALGOETH	kraken	AA	0.0₄3652ETH	-2.85%	35,243.64ALGO	16	0.0₄3758ETH	0.0₄3863ETH
37	ALGO-ETH ALGO-ETH	kucoin	BB	0.0₄3660ETH	-4.14%	25,834.93ALGO	148	0.0₄3817ETH	0.0₄3870ETH
38	ALGO-BTC ALGO_BTC	cryptodotcom	AA	0.0₅1200BTC	-2.20%	480.00ALGO	14	0.0₅1227BTC	0.0₅1243BTC
39	ALGO-USDT ALGOUSDT	cexio	BB	0.09839USDT	4.20%	302.67ALGO	1	0.09442USDT	0.09839USDT
40	ALGO-EUR ALGOEUR	cexio	BB	0.08361EUR	6.37%	191.16ALGO	1	0.07860EUR	0.08361EUR
41	ALGO-KRW KRW-ALGO	upbit	B	134.00KRW	2.29%	23,407,267.83ALGO	3,537	131.00KRW	137.00KRW
42	ALGO-USDT ALGO_USDT	coinw	-	0.09728USDT	1.60%	12,542,101.36ALGO	4,166	0.09575USDT	0.09981USDT
43	ALGO-USDT ALGOUSDT	toobit	C	0.09730USDT	1.67%	10,933,633.00ALGO	8,680	0.09570USDT	0.09990USDT
44	ALGO-USDT algousdt	huobipro	C	0.09710USDT	1.36%	10,645,938.53ALGO	17,955	0.09580USDT	0.09980USDT
45	ALGO-USDT ALGOUSDT	bitrue	D	0.09720USDT	1.57%	9,674,810.00ALGO	7,323	0.09570USDT	0.09990USDT
46	ALGO-USDT algo_usdt	xtpub	-	0.09730USDT	1.67%	8,723,970.00ALGO	9,564	0.09570USDT	0.09990USDT
47	ALGO-USDT sALGOUSDT	phemex	C	0.09720USDT	1.67%	7,715,435.01ALGO	8,586	0.09560USDT	0.09990USDT
48	ALGO-XRP ALGOXRP	bitrue	D	0.06890XRP	-4.17%	6,867,397.21ALGO	41,275	0.07190XRP	0.07330XRP
49	ALGO-USDT algo_usdt	lbank	C	0.09718USDT	1.44%	5,359,785.55ALGO	5,100	0.09580USDT	0.09992USDT
50	ALGO-KRW ALGO_KRW	bithumbkorea	-	133.00KRW	1.53%	4,260,266.72ALGO	731	131.00KRW	138.00KRW

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