Algorand

Meet Algorand

Algorand is a public layer-one blockchain for building applications, issuing digital assets, and moving value between people and organizations. It uses Pure Proof-of-Stake consensus and the Algorand Virtual Machine to run smart contracts. Native features include fungible and non-fungible assets, atomic transaction groups, and controls for managing token permissions. Algo is the network's native currency, used for transaction fees and participation in consensus.

Developers can work with Python or TypeScript through AlgoKit, which combines project templates, local testing, deployment tools, and a visual debugger. Teams can use these building blocks for payments, tokenized assets, decentralized finance, or data-traceability applications. Documentation and learning resources guide users from exploring the protocol to testing and deploying an application.