Algorand
ALGO

$ 0.194393 / Ƀ 0.00000472

Marketcap

$ 1,549,514,812

Volume

$ 155,449,083

Circulating

8,006,619,318 ALGO

Total supply

8,006,619,345 ALGO

All time high

$ 3.56

Difference between ATH

94.54%

Date last ATH

June 20, 2019

Days since ATH

1635

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Latest Algorand updates on March 28th

Algorand, a cryptocurrency project, has recently announced several updates. On March 28th, they launched a series of events to help beginners start building on the Algorand blockchain. On the same day, they also announced that the Algorand blockchain is fast, eco-friendly and easy to learn. On March 27th, Algorand presented boxes and ABI-compatible smart contracts, as well as a video series to help developers get started building on the platform. Furthermore, they announced the second Algorand Assembly on the same day, which will provide updates on upcoming developments and progress on the Algorand Growth Plan. They also announced a chat with the CEO of @Lofty_ai, joined by @Ozery and @FredEstante to give a recap, and the Algo Kit launch coming next week. Finally, they thanked @wsford for all he has done to help build Algorand, and they started a hack house in Hyderabad.

What is Algorand ?

Algorand is a public, permissionless blockchain network, built from the ground up to enable rapid, secure, and decentralized digital asset transfers. Algorand is designed to provide an open, borderless, and censorship-resistant platform for developers and businesses to build on. Algorand is powered by a novel, practical, and secure consensus mechanism that ensures finality within seconds and supports billions of transactions per day.

Algorand’s technology is based on a proof-of-stake consensus mechanism, which is designed to provide scalability, security, and decentralization. Algorand’s consensus protocol is designed to be simple, secure, and highly efficient, with no need for miners and no possibility of double spending. Algorand is also designed to be resilient to hostile network and malicious actors, while still providing a secure and efficient platform for digital asset transfers.

Algorand is also the first public blockchain to be carbon-negative, meaning that the energy used to power the network is offset by carbon credits purchased from renewable energy sources. This ensures that the network is not only secure and reliable, but also environmentally friendly.

In addition to providing a secure and efficient platform for digital asset transfers, Algorand also offers a robust suite of developer tools, including SDKs and APIs, to enable developers to quickly and easily build applications on top of the Algorand network. These tools are designed to reduce the time and effort required to build and maintain applications on the Algorand network, while also providing developers with the tools they need to create innovative applications.

Algorand is designed to be the foundation for a new, borderless, digital economy, and is built to enable developers and businesses to create and deploy applications quickly, securely, and cost-effectively. Algorand offers a secure, reliable, and efficient platform for digital asset transfers and is the first public blockchain to be carbon-negative. With its robust suite of developer tools and its commitment to security, scalability, and decentralization, Algorand is positioned to be the foundation of the future digital economy.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.

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What is the price & marketcap of Algorand?

Algorand is a cryptocurrency with a price of $ 0.194393 and marketcap of $ 1,549,514,812. Algorand’s market price has decreased -3.30% in the last 24 hours. It ranks 46 amongst all cryptocurrencies with daily volume of $ 155,449,083.

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Past updates about Algorand

Published on 2023-01-24 : Recently, the Algorand cryptocurrency project has been very active, announcing updates and new features. On the 24th of January, the project launched the Pera Web Wallet, a tool to manage Algorand accounts and interact with the ecosystem. The same day, the Algorand Foundation hosted a Twitter Spaces Q&A with their new CMO, and the Algorand Gaming Guild released their gaming newsletter. On the 23rd of January, Neomoonapp shared their experience of reaching 170k users in LatAm in one year, and IBFnet launched the world’s first Shariah-compliant metaverse on the Algorand blockchain. The Algorand Dev Bootcamp continues to explore the stories and experiences of their builders and founders. On the 21st of January, the Algorand Foundation held an AMA about the technology. On the 20th of January, Opulousapp announced their platform launch, XfiniteOfficial shared details about their interactive video content and reward system, and the Algorand Foundation shared information about Mapaycorp’s healthcare NFTs. Finally, the Algonauts announced their upcoming virtual event AlgoFest on the 26th of January, and C3protocol unveiled their self-custodial exchange.

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