Where to buy Algorand
Algorand is a popular cryptocurrency that can be found on a variety of cryptocurrency exchanges and brokerages. Take a look at some of the popular brokers below.
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Why buy Alogrand?
Founded by professor Silvio Micali, a Turing award winner and crypto pioneer, Algorand is a blockchain that provides a sustainable, fast, low fee network for dApps and more to be built upon. Despite launching in 2017, the network is still very much in its early development phases but shows promise through its unique consensus mechanism Pure Proof of Stake (PPoS).
By using PPoS, Algorand prides itself on being more egalitarian than Proof of Stake (PoS), which is prone to the amassing of nodes and the sort of monopolisation that allow the rich, on the network to get richer. Algorand prevents this by selecting stakeholders randomly rather than by how many tokens they hold and how many nodes they control.
Algorand also calls itself a “green blockchain”, working within strict guidelines to minimse its carbon-negative footprint. To achieve this level of sustainability, Algorand has forged partnerships with ClimateTrade and aims to set the global benchmark for blockchain sustainability.
Where to store your ALGO
ALGO can be kept in your trading platform’s portfolio or sent to a personal non-custodial wallet. Algorand has its own official wallet that can be downloaded from the Algorand website. Tokens can also be stored on hardware wallets such as Ledger Nano S or KeepKey. Storing your crypto assets on a hardware wallet is the best way to keep them secure. Check out some recommended crypto wallets below.
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