Algorand
The facts below are what the maker publishes about Algorand, checked and dated. Our editors have not written about it yet.
The facts
Each one read from Algorand's own pages, with the date it was checked.
What it does
- Atomic transfers
- Atomic transfers group multiple transactions so they execute in a predetermined order together.checked 14 Nov 2026
- Consensus
- Algorand uses Pure Proof-of-Stake consensus.checked 14 Nov 2026
- Developer community
- The site directs developers to Algorand documentation and a Discord community.checked 14 Nov 2026
- Developer tools
- AlgoKit is presented as a suite of tools to support building on Algorand.checked 14 Nov 2026
- Integrations and ecosystem
- The ecosystem page lists projects across tokenization, DeFi, NFTs and games, traceability, payments, and infrastructure.checked 14 Nov 2026
- Origin
- The site says Algorand was born in 2019 after its founding idea originated in Cambridge in 2017.checked 14 Nov 2026
- Post-quantum security
- Algorand says it implemented Falcon signatures in 2022 and released native post-quantum accounts in 2026.checked 14 Nov 2026
- Smart contracts
- The Algorand Virtual Machine provides smart-contract execution on the blockchain.checked 14 Nov 2026
- Tokenization
- Algorand Standard Assets can be used to mint fungible and non-fungible tokens at Layer 1.checked 14 Nov 2026
- Transaction fees
- The developer portal states a minimum transaction fee of 0.001 Algo, typically sufficient unless network demand requires higher fees.checked 14 Nov 2026
- Use cases
- The site describes companies using Algorand to move money, verify data, tokenize assets, and deliver aid payments.checked 14 Nov 2026
- Wallet integrations
- The ecosystem lists wallets including Pera, Defly, Exodus, and Lute for accessing Algorand applications.checked 14 Nov 2026
- What it is
- Algorand is a blockchain for building and scaling decentralized applications directly on Layer 1.checked 14 Nov 2026
The company
- Founded
- 2019checked 19 Oct 2026