The current real-time price of ALGO3L is $0.0076. In the past 24 hours, ALGO3L has traded between $0.0070 and $0.0100, showing strong market activity. The all-time high of ALGO3L is $18.21914, and the all-time low is $0.000008.
From a short-term perspective, the price change of ALGO3L over the past 1 hour is , over the past 24 hours is -12.38%, and over the past 7 days is -17.29%. These figures provide a quick overview of the latest price trends and market dynamics of ALGO3L on LBank.-18.77%
The live price of ALGO3L today is $0.0076, with a current market cap of --. The 24-hour trading volume is 224K. The price of ALGO3L to USD is updated in real time.
Before deciding whether to buy or sell ALGO3L, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ALGO3L technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for ALGO3L.
How much will ALGO3L be worth tomorrow, next week, or next month in ? What about your ALGO3L assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ALGO3L Price Prediction
Algorand, positioned as a third-generation blockchain, aims to establish a network that is fast, secure, and powerful. A primary objective is to simultaneously overcome the fundamental "blockchain trilemma" by achieving high levels of scalability, decentralization, and security, which are often considered difficult to attain together in traditional blockchain designs.
Algorand employs a unique Pure Proof of Stake (PPoS) consensus mechanism to power its network. Under this system, token holders play a critical role; they are randomly selected to participate in the block creation process, both proposing new blocks and validating transactions. This method is central to its operational framework, enabling efficient and secure network processes.
The Algorand blockchain project was founded and created by Silvio Micali. He is recognized for his significant expertise as an MIT cryptographer. His background in this specialized field underscores the project's emphasis on security and advanced cryptographic principles in its design and implementation.
Algorand is designed with the explicit goal of solving the "blockchain trilemma," aiming to achieve high levels of scalability, decentralization, and security simultaneously. Its unique architecture, particularly its Pure Proof of Stake consensus mechanism, is foundational to this objective, striving to deliver a robust network without compromising on these three crucial properties.
The Algorand network features a total fixed supply of 10 billion ALGO tokens. These tokens are not all immediately available but are gradually introduced into circulation over time. This controlled distribution occurs through various mechanisms, including rewards for network participation and initiatives designed to foster ecosystem growth, ensuring a measured and stable release.
The ALGO token provides multiple utilities and incentives for its holders. It is essential for paying transaction fees on the network. Holders can also participate in the project's governance by voting on various proposals, thereby influencing its future direction. Furthermore, ALGO tokens can be staked to help secure the network, for which holders can earn rewards.
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