Algorand is a foundation, which has a fairly new coin directly related to it and, in addition, a payment platform. The native coin of this project is called ALGO. Its creators have developed a new blockchain that has an open-source code. It allows to solve scalability and transaction speed issues. This blockchain was obtained due to the Algorand’s evolution of PPoS (Pure Proof of Stake) protocol. The new approach to PPoS is built on the Byzantine agreement, and it is one of the main innovations of the Algarand project.
Its essence is that a small group of identifiers is automatically selected to open a new block. This selection is safe and fair, as the identifiers will be hidden until the block is confirmed.
The founder of this project is Silvio Micali. He received a Turing Award that can be compared to the Nobel Prize but only in the IT-sphere. The project team consists of scientists, leading financiers and economists. More than $60 million were involved to create this blockchain. The project says that total coin supply is 3.3 billion ALGO.
Since you have already read the basic information about the Algorand cryptocurrency, it is only a matter of figuring out how and where to purchase it. To make a purchase you may go to the homepage of the SimpleSwap website and follow these steps below:
Now you can make use of information that has been provided if you want to purchase Algorand.