Algorand (ALGO)

Algorand (ALGO) is a Layer-1 blockchain designed for speed, decentralization, and scalability.
Founded by MIT professor Silvio Micali, Algorand uses a unique Pure Proof-of-Stake (PPoS) consensus mechanism to process thousands of transactions per second with low fees.

What is Algorand?

Type: Layer-1 blockchain
Native token: ALGO
Consensus: Pure Proof-of-Stake (PPoS)
Launch: 2019
Founder: Silvio Micali (Turing Award–winning cryptographer)

Algorand is built to support decentralized apps (dApps), payments, and tokenized assets — all while maintaining energy efficiency.

How Does Algorand Work?

Pure Proof-of-Stake: token holders randomly and securely participate in validating blocks.
Scalability: processes 1,000+ transactions per second with near-instant finality.
Low fees: transactions typically cost fractions of a cent.
Smart contracts: supports DeFi, NFTs, and enterprise applications.

Why is Algorand Important?

Green blockchain: energy-efficient and carbon-neutral.
Institutional adoption: used for CBDC pilots and enterprise projects.
Global payments: enables fast, low-cost transfers.
Developer ecosystem: growing base of DeFi, gaming, and NFT projects.

ALGO Use Cases

Transaction fees: pay for sending tokens or using dApps.
Staking & governance: participate in securing the network and voting.
DeFi & NFTs: lending, trading, and digital collectibles.
Enterprise adoption: pilots for central bank digital currencies (CBDCs).

Risks of Algorand

Competition: faces strong rivals like Ethereum, Solana, and Cardano.
Adoption challenges: ecosystem is smaller compared to Ethereum/Solana.
Price volatility: ALGO is still subject to crypto market swings.
Centralization concerns: foundation and early stakeholders hold large amounts of ALGO.

Lanzo Tip 🪙

Algorand is a tech-driven, green blockchain that has already caught the eye of institutions. If CBDCs grow, Algorand could play a big role — but adoption remains the key challenge.