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Speed and Efficiency with Algorand

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Purchase Price

$
86.103.289,81

Selling Price

$
86.103.289,81

Price Change

0.66%↑

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*Comprando ahora 1 BTC, tu ganancia sería de 28.901.582,16 ARS si alcanzara nuevamente su ATH.

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*Comprando ahora 1 BTC, tu ganancia sería de 28.901.582,16 ARS si alcanzara nuevamente su ATH.

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Facts about Algorand (ALGO)

ALGO is the native token of Algorand, a blockchain designed to be highly efficient and scalable, allowing fast transactions with low fees. Algorand seeks to solve scalability and security problems, facilitating the creation of decentralized applications (dApps) and smart contracts.

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ALGO Frequently Asked Questions

What is Algorand?

Algorand is a blockchain that seeks to solve the “blockchain trilemma”: to create a network that is decentralized, fast and secure at the same time. It was created by the MIT professor and winner of the Turing Award, Silvio Micali.

What is ALGO?

ALGO is the native cryptocurrency of the Algorand network. It is used to accumulate value, make payments and participate in the network's “pure proof-of-stake” consensus mechanism.

What is the “blockchain trilemma”?

The blockchain trilemma refers to the difficulty of creating a network that is simultaneously decentralized, fast and secure. Algorand addresses this challenge with an innovative design that balances these three aspects.

How does “pure proof-of-stake” work in Algorand?

At Algorand, anyone who has at least 1 ALGO can participate in the consensus process and receive rewards. This mechanism is more efficient and consumes less resources than “proof-of-work”.

What are the benefits of using Algorand?

  • High speed: It processes up to 1000 transactions per minute.
  • Safety: It uses a robust and efficient consensus mechanism.
  • Low cost: It offers lower operating costs.
  • Eco-friendly: It is a “carbon neutral” blockchain.

How can I use ALGO on Gravel?

In addition to holding ALGO, you can use it for payments, convert it into fiat money, trade it for other tokens or cryptocurrencies, and participate in staking.