10 facts about
$ALGO 👇
-Algorand (ALGO) is a blockchain platform founded by Silvio Micali, a Turing Award–winning cryptographer.
-It uses a unique Pure Proof-of-Stake (PPoS) consensus mechanism.
-ALGO transactions are fast, usually finalizing in under 5 seconds.
-The network is known for very low transaction fees, often less than a cent.
-Algorand is highly scalable, handling thousands of transactions per second.
-It is designed to be energy-efficient and environmentally friendly 🌱
-ALGO is used for DeFi, NFTs, gaming, and enterprise blockchain solutions.
-The total supply of ALGO is capped at 10 billion coins.
-Algorand supports smart contracts through its layer-1 architecture.
-ALGO can be staked directly on the network to help secure it and earn rewards.
#ALGO #CryptoFacts #DeFis #CryptoInfo