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What is Algorand (Algo) crypto?

Algorand (CCC: ALGO-USD) is one of the most highly discussed cryptocurrencies this week, thanks in large part to its involvement in the El Salvador crypto experiment. Its gains are highly impressive as well, with the coin climbing ever higher this afternoon while riding the wave of the moment. But what exactly is the Algorand (ALGO) crypto?

What is Algorand blockchain?

Algorand is a new public blockchain, meaning its technology, while novel, has not yet seen much testing under real-world market conditions.

What is the Algorand network?

The genesis of the Algorand blockchain states that 10 billion ALGO was minted. The distribution of the fixed and immutable 10 billion ALGO will end in 2030, rather than the initial plan of 2024. For more information about Algorand’s tokenomics, see here. How Is the Algorand Network Secured?

What can you use Algorand for?

Like other altcoins, Algorand has tried to build up an ecosystem of applications that the tokens can be used for. Of course, many holders are buying and selling Algo speculatively, but there are other uses for it.

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