What is Algorand algo?

Algorand(ALGO) is a digital currency and blockchain platform aiming to process many transactions quickly, similar to major payment processors. It uses a unique consensus system called Pure Proof of Stake(PPoS), which selects network operators from ALGO coin holders. ALGO is the native currency of the platform, used for securing the blockchain and paying transaction fees. The platform is open-source, allowing anyone to view and contribute to its code.