The Algorand network is based on a Pure Proof of Stake (Pure PoS) consensus mechanism with new blocks created during two phases and where user participation is proportional to user stake.

Algorand finalizes blocks within seconds, thereby also reducing computational costs for participating in the blockchain to a minimum, thus greatly reducing transaction costs. As the first blockchain to provide immediate transaction finality without forks, the Algorand project is working towards a decentralized, borderless economy.

Algorand’s native coin, ALGO, can be used to pay for transaction fees and DApp computations, as well as for staking and earning in the Algorand network.

Airdrops by Algorand

Name Status Rewards Crypto
a