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$0.460961

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What is Algorand?

Algorand (ALGO) is working to solve the three common problems currently faced by many blockchains, which are: security, scalability, and decentralisation.

  • The Algorand blockchain is completely decentralised. This is made possible by the control being distributed among all network users within their system.
  • Algorand states that their system finalises blocks in seconds to ensure that transaction speeds are equal to some of the largest global payment networks out there.
  • Transaction finality is one of the key differences of Algorand compared to other blockchain projects. The team states that there is no chance of forking and thus no uncertainty in the system.

Algorand was founded by Silvio Micali who has won the Turing Award, which is the highest award from computer scientists. Many believe that with a leader that has proven his capability and innovation in the field, the sky’s the limit for this emerging blockchain project.

How do I buy Algorand?

1.
Deposit funds into your account.
2.
Enter the amount of Algorand (or Australian Dollar equivalent) that you would like to buy.
3.
Click ‘Buy' to confirm your Algorand purchase and your Algorand will arrive in your CoinSpot wallet within minutes.
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