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This section is informational. Data comes from public sources and is not investment advice. Digital assets are volatile and may lose value.
About the coin
The cryptographer Silvio Micali built Algorand around pure proof of stake: a randomly selected committee confirms each block, the chain does not fork, and a transaction is final immediately. From the outset the network targeted payments and asset issuance — from tokenised securities to government-backed projects — and treats low fees as a hard requirement: the transfer fee is fixed and does not rise under load. Smart contracts execute on its own virtual machine.
A reference description of the project, not investment advice.