Algorand

ALGO Launched 2019 source

What this page is: neutral, sourced facts about Algorand. Every line links where it was checked. 9 facts, 2 from primary sources. Educational, not financial advice.

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Launch

Mainnet in June 2019. secondary source source

Founders and creators

Silvio Micali, MIT professor and Turing Award winner. secondary source source

Origin story

Algorand was founded in 2017 by Silvio Micali, a computer scientist and professor at the Massachusetts Institute of Technology (MIT). secondary source source

Stated purpose

The protocol's architecture allows for tokenization of assets and the development of smart contracts. secondary source source

Consensus mechanism

Pure proof of stake. primary source source
Algorand's Pure Proof-of-Stake consensus uses cryptographic sortition to randomly select validators. primary source source

Supply model

Supply of 10 billion ALGO. secondary source source

Main uses today

Its infrastructure enables use cases including payment systems, digital identity solutions, supply-chain tracking, and financial services. secondary source source

Notable events and controversies

On March 17, 2026, the SEC and the CFTC jointly issued an interpretive release that identified ALGO as a digital commodity. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.