Algorand
ALGO
Pure PoS public chain with instant finality
Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.10% | 0.59% | 25.03% | 20.69% | 30.19% | 8.19% |
Comparison
Fundraising not disclosed
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Token not listed
Details
This content is generated by RD AI and is for reference only
Algorand is a public blockchain protocol based on Pure Proof-of-Stake consensus, designed to provide a secure, scalable distributed ledger that does not fork. It uses Verifiable Random Functions to randomly select validators and a Byzantine Agreement protocol to reach consensus quickly, achieving instant finality. It suits payment, DeFi, and asset tokenization scenarios requiring high certainty and low cost.
Tokenomics
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
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About Algorand
Algorand, founded by Turing Award winner Silvio Micali, launched its mainnet in June 2019 with a pure proof-of-stake consensus that achieves ~2.8s finality and zero forks. Key milestones include: 2024-2025 staking rewards activation, shifting 81% of ALGO to community validators; June 2024 hosting the first tokenized money market fund; 2026 SEC/CFTC classification of ALGO as a digital commodity; March 2026 unification of the Foundation and Technologies under one entity. Strategic pivots: January 2025 enabled consensus staking rewards; 2026 released a quantum-resistant upgrade roadmap targeting full-chain quantum security by 2027-2028, starting with post-quantum accounts and wallets; appointed former Ripple engineer Nikolaos Bougalis as CTO; invested in peer-to-peer staking platform Valar; selected 14 projects for its first incubator batch; Folks Finance added USDT as collateral. The Foundation also cut 25% of staff in 2026 to navigate market conditions. These moves underscore Algorand's focus on long-term technical resilience and ecosystem depth.
Silvio Micali: Founder of Algorand, MIT professor, Turing Award winner. Founded Algorand in 2017, overseeing research, security, and crypto finance.
William Herkelrath: Current CEO, joined in September 2026. Over 25 years in FinTech; former Chief Revenue Officer at Curv (acquired by PayPal) and Managing Director of Enterprise at Chainlink Labs.
Chris Peikert: Chief Scientific Officer. Professor at University of Michigan, IACR Fellow, expert in post-quantum cryptography; led Algorand's post-quantum security implementations.
Jacopo Cecchi: COO of Algorand Technologies since July 2023. Previously Chief of Staff to the Founder and Business Solutions Manager. Holds BSc in Economics from Bocconi and MS in Management from ESCP.
Jing Chen: Chief Scientist since 2018. Associate Professor at Stony Brook University; PhD advised by Silvio Micali. Research: game theory, mechanism design, distributed ledgers, smart contracts.
Recent team changes at Algorand:
William Herkelrath joined as CEO in September 2026, succeeding Staci Warden. He previously held leadership roles at Chainlink and Curv, and co-founded K3 Labs. He will focus on institutional adoption and post-quantum security.
Gary Malouf stepped down as Chief Technology Officer in April 2026, having served since September 2023.