Algorand
Chain stats
Real-Time TPS
11.1 tx/s
Max Recorded TPS
3,227 tx/s
Max Theoretical TPS
9,384 tx/s
Block Time
2.95s
TTF
0s
Type
Layer 1
Governance Model
On-chain
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What is 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
Metrics Overview:
Algorand TPS is 11.1 transactions per second
Algorand Max TPS is 3,227 transactions per second
Algorand Max Theoretical TPS is 9,384 transactions per second
Algorand block time is 2.95s
Algorand TTF is coming soon
Algorand is a Layer 1 blockchain
Algorand governance model is on-chain