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 8.86 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 31,906 transactions
Algorand block time is 2.81s
Algorand finality is 0s
Algorand has 3,248,167,098 total transactions since its TGE
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 1,860 validators
Algorand stake is $438.7M
Algorand consensus mechanism is Pure Proof of Stake
Algorand governance is on-chain

Developer Activity Metrics:
Algorand has 536 developers
Algorand has 161 repos
Algorand has 35,673 commits
Algorand has 5,086 stars
Algorand has 923 watchers