Algorand has built the world’s first open-source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. The Algorand blockchain, by removing friction from all forms of financial exchange, is powering the creation of a new type of financial system, enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain, and providing responsible privacy models.
The native token of the Algorand blockchain is Algo. Algo benefits from all the core aspects of the Algorand protocol: its fast (transactions all complete in under 4.5s), secure, can scale to over 8Om transactions a day and where every Algo transaction is guaranteed to be final, also in under 4.5s.
Algorand is the platform of choice for payment systems, authentication & validation networks, reward and gaming apps, new DeFi applications and the rapidly expanding field of NFTs.
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.
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.