Algorand is a decentralized, public blockchain platform focused on delivering scalability, security, and true decentralization using a unique consensus mechanism. Unlike traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) systems, Algorand utilizes a Pure Proof of Stake (PPoS) system. This ensures that every single ALGO token has the same potential chance to be selected to propose a block or vote on block proposals.
The project was conceived by Silvio Micali, an MIT professor and Turing Award winner. Launched in 2019, Algorand aims to solve the blockchain trilemma, which refers to the challenges of achieving scalability, security, and decentralization simultaneously.
In 2024, Algorand introduced several significant advancements to enhance its blockchain infrastructure. These include dynamic round times for faster block finality, AlgoKit 2.0 for easier developer access with Python integration, and a transition towards P2P gossip networks to further decentralize data transmission. Algorand also focused on incentivizing staking and consensus participation to improve security and decentralization. Additionally, the network is moving towards sustainability with non-archival relays, reducing energy consumption and cost.
Above are only for introduction, not intended as investment advice.
Explore the tokenomics of Algorand (ALGO) and review the project details below.
What is the allocation for Algorand ALGO (ALGO)?
The long term distribution of Algo is as follows:
Community Incentives
- 25% is allocated to Participation Rewards
- 25% is allocated to Relay Nodes
Ecosystem Support
- 12.5% is allocated to Ecosystem Support
From Initial distribution
- 20% is allocated to Algorand Inc
- 5% is allocated to Algorand Foundation
- 0.5% is allocated to Algorand Injected for operations and ecosystem
What is the supply schedule for Algorand ALGO (ALGO)?
The total supply of ALGO is limited to 10 billion. The Algorand Foundation anticipates that 60% of these funds will be distributed by the end of 2021, and 90% by the end of 2024. This approach ensures a sustainable and non-inflationary distribution. The distribution will be smaller in the initial years and larger in the later years, counterbalancing the decreased distribution over time of the participation rewards.
Algorand is a decentralized, public blockchain platform focused on delivering scalability, security, and true decentralization using a unique consensus mechanism. Unlike traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) systems, Algorand utilizes a Pure Proof of Stake (PPoS) system. This ensures that every single ALGO token has the same potential chance to be selected to propose a block or vote on block proposals.
The project was conceived by Silvio Micali, an MIT professor and Turing Award winner. Launched in 2019, Algorand aims to solve the blockchain trilemma, which refers to the challenges of achieving scalability, security, and decentralization simultaneously.
In 2024, Algorand introduced several significant advancements to enhance its blockchain infrastructure. These include dynamic round times for faster block finality, AlgoKit 2.0 for easier developer access with Python integration, and a transition towards P2P gossip networks to further decentralize data transmission. Algorand also focused on incentivizing staking and consensus participation to improve security and decentralization. Additionally, the network is moving towards sustainability with non-archival relays, reducing energy consumption and cost.
Above are only for introduction, not intended as investment advice.