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

Metrics Overview:
Algorand TPS is 12.14 transactions per second
Algorand Max TPS is 5,716 transactions per second
Algorand Max Theoretical TPS is 9,384 transactions per second
Algorand block time is 2.88s
Algorand time to finality is 0s
Algorand is a Layer 1 blockchain
Algorand governance model is on-chain
Algorand was launched on Jun 12, 2019 (5 years ago)