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Algorand (ALG)

Financial Services

Overview

Algorand is a decentralized digital currency and transactions platform.

Features

For each block of transactions, Algorand randomly selects a small, one-time group of users. To protect them from attackers, the identities of these users are hidden until the block is confirmed. The size of this group remains constant as the network grows.

Any currency representing a significant fraction of the world’s money will be attacked at the user level, the protocol level, and the network level. Algorand remains secure in the face of attacks.

Confirming transactions with Algorand does not require solving cryptographic puzzles. The consensus protocol is both computationally and energy efficient, which keeps transaction costs low. With no heavy lifting, even small players can transact. Algorand  transactions are confirmed instantly, and transferred money is immediately available.

Algorand is fully decentralized. Every decision is reached by consensus and represents the will of the majority. All transactions are created and treated equally, regardless of size.

Algorand is guaranteed to work securely if the majority of the money in the system is owned by honest users. A user in Algorand does not need to put any fraction of his money at stake. A user’s money always remains in her hands, ready to be spent how she wishes.

Crowdsale

Token details
Ticker ALG
Additional Token Emission No

Ratings

Type of scores
Score
Status
Hype score Medium Active
Risk score Medium Active

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info Medium
Token ALG
Product Type Platform
MVP No product
Whitepaper View

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