My Crypto Learning Journey #13 - Algorand ( $ALGO )
Launched in June 2019 by Silvio Micali, a Turing Award-winning MIT professor, Algorand was designed to solve the "blockchain trilemma": security, scalability, and decentralization. It aims to provide lightning-fast transactions with minimal fees—ideal for payments, DeFi, and even national digital currencies.
Here’s what makes Algorand stand out:
✅ Pure Proof-of-Stake (PPoS)—Unlike traditional PoS, Algorand randomly selects validators to propose and vote on blocks, improving decentralization and energy efficiency.
✅ High TPS, Low Fees – Finality in ~4 seconds, and transaction costs under $0.01—great for microtransactions or gaming.
✅ Carbon-Negative – One of the first blockchains to offset its carbon footprint via smart partnerships.
✅ Real-World Adoption – Chosen by El Salvador and the Marshall Islands for national digital currency projects. Also used in ticketing, insurance, and supply chain solutions.
✅ Developer-Friendly – Supports smart contracts and dApps written in Python, Reach, or TEAL.
Total Supply: ~10 billion ALGO
Circulating Supply (July 2025): ~7.6 billion ALGO
Real-World Analogy: Think of Algorand like a high-speed train system—efficient, eco-friendly, and built to carry both people (users) and cargo (apps) safely and quickly across a secure network.