Algorand
Algorand Scalability
Real-time TPS
6.4 tx/s
2.74%Max TPS (100 blocks)
5,716 tx/s
Max Theor. TPS
9,384 tx/s
Transaction Volume
23,024 txns
Block Time
2.79s
Finality
0s
Type
Layer 1
Launch Date
Jun 12, 2019
Algorand Decentralization New
Nakamoto Coefficient
12
Validators
1,903
0.26%Stake
$481.1M
2.72%Consensus Mechanism
Pure Proof of Stake
Governance
On-chain
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About Algorand
Algorand emerges as a blockchain platform committed to fostering transparency and enabling the growth of decentralized projects and applications. Operating as a public, decentralized blockchain, it leverages a Pure Proof-of-Stake (PPoS) consensus mechanism to uphold network security, efficiency, and decentralization. Powered by the Algorand Consensus Algorithm, the network employs a combination of cryptographic techniques and random selection to attain consensus, effectively addressing the constraints of traditional consensus mechanisms.
Token symbol:
ALGO
Scalability Metrics:
Algorand TPS is 6.4 transactions per second
Algorand Max TPS is 5,716 transactions per second
Algorand Max Theoretical TPS is 9,384 transactions per second
Algorand transaction volume is 23,024 transactions
Algorand block time is 2.79s
Algorand finality is 0s
Algorand is a layer 1 blockchain
Algorand was launched on Jun 12, 2019 (6 years ago)
Decentralization Metrics:
Algorand nakamoto coefficient is 12
Algorand has 1,903 validators
Algorand stake is $1.924B
Algorand consensus mechanism is Pure Proof of Stake
Algorand governance is on-chain