Financial Cryptocurrency
Keywords
cryptocurrency blockchain decentralization scalability security finance defi
Algorand is a pure-proof-of-stake blockchain cryptocurrency protocol with a consensus mechanism chosen for scalability, intending to solve the blockchain trilemma.[1] The Algorand platform supports smart contracts,[2] and its consensus algorithm is based on proof of stake and a Byzantine agreement protocol.[1][3][4] Algorand's native cryptocurrency is called ALGO.

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Algorand is a pure-proof-of-stake blockchain cryptocurrency protocol with a consensus mechanism chosen for scalability, intending to solve the blockchain trilemma.[1] The Algorand platform supports smart contracts,[2] and its consensus algorithm is based on proof of stake and a Byzantine agreement protocol.[1][3][4] Algorand's native cryptocurrency is called ALGO.

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