Buying Algorand (ALGO) is easy!

Why buy Algorand?

Algorand attempts to overcome the famous blockchain trilemma by focusing on rapid and scalable operation. And as highlighted on the project’s official website, this blockchain infrastructure is the first to achieve uncompromised decentralisation, scalability and security, while remaining environmentally sustainable. With its exclusive consensus mechanism, Algorand claims to be more energy-efficient than other blockchains and, as confirmed by founder Silvio Micali, its public blockchain, running on a proof-of-stake version, brings electricity consumption to almost zero.

The project’s goals are surely shared by those who choose to buy Algorand (ALGO): to increase global trust through decentralisation, to participate and help adoption, and to remove barriers to prosperity. The company’s vision is to work towards a world where everyone can create and exchange value in an efficient, transparent and secure manner.

What is it and how did it come about?

Algorand is a platform that supports a wide range of decentralised applications and can be used in Defi. Its blockchain is designed to scale transaction processing, with low fees and a different consensus algorithm than Bitcoin and Proof-of-Work cryptocurrencies. Its mechanism is in fact based on Pure Proof-of-Stake. A variant of the well-known PoS protocol based on the random and secret choice of validators.

The founder of the project is the Italian Silvio Micali. A computer science professor who teaches at MIT and has been working on cryptography, blockchain technology and digital assets for years. The Algorand mainnet is operational as of 2019, thanks in part to the funds raised during the Initial Coin Offering that took place in the same year. In 2020, more and more companies, projects and institutions have decided to rely on the protocol, including stablecoin Tether (USDT) and USD Coin. Is this enough for you to decide to buy Algorand (ALGO)? Follow its value and take your pick!