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Algorand

Cryptocurrency
What is Algorand?

Algorand (ALGO) is a blockchain platform founded by MIT professor and Turing Award winner Silvio Micali. It uses a Pure Proof-of-Stake consensus that achieves instant finality, high throughput, and low transaction costs. Algorand is widely used for tokenized assets, CBDCs (Central Bank Digital Currencies), and enterprise applications. ALGO is used for fees, staking, and governance.

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