Algorand ALGO
Payments and digital assets.
Algorand is a public blockchain for payments, digital assets, and applications. ALGO is its native coin.
What is Algorand?
Algorand records transactions using a proof-of-stake system. Its network supports digital assets and smart-contract applications. ALGO pays transaction fees and supports participation in the network’s consensus process.
Assets and applications on Algorand have separate risks. Holding an asset can also increase an account’s minimum balance requirement.
Why people pay attention
Payments
Accounts can transfer ALGO and other supported assets.
Applications
Smart contracts can manage assets and shared records.
Network participation
ALGO has roles in fees and consensus.
Origins & development
Algorand’s mainnet launched in 2019. Its Foundation’s anniversary reports trace the network’s beginnings to that year.
Explore more
Related stories and learning resources will be added after editorial review.
Sources & further reading
Draft — editorial review pending