{"id":5497,"date":"2023-09-04T12:06:32","date_gmt":"2023-09-04T12:06:32","guid":{"rendered":"https:\/\/realacademy.io\/?p=5497"},"modified":"2023-09-04T12:06:34","modified_gmt":"2023-09-04T12:06:34","slug":"algorand","status":"publish","type":"post","link":"https:\/\/realacademy.io\/index.php\/2023\/09\/04\/algorand\/","title":{"rendered":"ALGORAND"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5497\" class=\"elementor elementor-5497\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ed3131 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ed3131\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4ce6731\" data-id=\"4ce6731\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ceab46 elementor-widget elementor-widget-image\" data-id=\"9ceab46\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"894\" height=\"400\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ALGO_ALL_graph_coinmarketcap.jpg\" class=\"attachment-large size-large wp-image-5500\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ALGO_ALL_graph_coinmarketcap.jpg 894w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ALGO_ALL_graph_coinmarketcap-300x134.jpg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ALGO_ALL_graph_coinmarketcap-768x344.jpg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/ALGO_ALL_graph_coinmarketcap-510x228.jpg 510w\" sizes=\"(max-width: 894px) 100vw, 894px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Algorand price action since launch<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-99cd107 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"99cd107\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 07-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Algorand Price Stats<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee2bb16 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"ee2bb16\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li>\n<p><span style=\"font-weight: 400;\">Market Cap: $2,291,925,560<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Circulating Supply: 6,948,828,192 ALGO<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">Supply Cap: 10,000,000,000 ALGO<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">All-Time High: $3.56 on June 20, 2019.<\/span><\/p>\n<\/li>\n<li>\n<p><span style=\"font-weight: 400;\">All-Time Low: $0.105336 on March 13, 2020<\/span><\/p>\n<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f1c25f blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"1f1c25f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A Brief History of Algorand<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1999916 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"1999916\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Algorand is an autonomous, decentralized blockchain-based network that can be used for a variety of purposes. These systems are secure, scalable, and efficient, which are all necessary for effective real-world applications. To create new forms of trust, Algorand will support computations that require reliable performance guarantees. The Algorand mainnet went live in June 2019 and can handle nearly 1 million transactions per day by December 2020. The transaction metrics for Algorand can be found here. The Algorand initial coin offering (ICO) took place in June 2019, with a token price of $2.4. Algorand was founded in 2017 by Italian computer scientist Silvio Micali, who proposed pure proof-of-stake as a solution to blockchain&#8217;s scalability problem. In June 2019, Algorand launched its mainnet and raised $60 million in its first ALGO token sale. Union Square Ventures and Pillar Venture Capital have also made investments in Algorand. Six Clovers, a fintech infrastructure provider, launched a cross-border payment system on Algorand in June 2021, and Arrington Capital launched a $100 million fund that same month, betting on the platform. Algorand Is Ranked #30 on Coinmarketcap while on Coingecko it is Ranked #32 and it can currently be purchased on Binance, OKX, Bybit, BingX, and FTX.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4caac5d elementor-widget elementor-widget-image\" data-id=\"4caac5d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1020\" height=\"764\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/0x0-1024x767.jpg\" class=\"attachment-large size-large wp-image-5633\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/0x0-1024x767.jpg 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/0x0-300x225.jpg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/0x0-768x575.jpg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/0x0-510x382.jpg 510w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/0x0.jpg 1200w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Silvio Micali - founder of algorand<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1b06b23 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"1b06b23\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Algorand Team<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd7d20c blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"dd7d20c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Professor Silvio Micali is the founder of Algorand and he is a computer Scientist at the Massachusetts Institute of Technology. He received the Turing Award in 2012 in recognition of his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies, and blockchain protocols. This places him among the world&#8217;s foremost crypto creators. The team also consists of other experienced professionals across all fields.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bf8d04 elementor-widget elementor-widget-image\" data-id=\"3bf8d04\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1020\" height=\"701\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/1_AauIlxdeHiCtiKOkIEDmkA.jpeg\" class=\"attachment-large size-large wp-image-5636\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/1_AauIlxdeHiCtiKOkIEDmkA.jpeg 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/1_AauIlxdeHiCtiKOkIEDmkA-300x206.jpeg 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/1_AauIlxdeHiCtiKOkIEDmkA-768x528.jpeg 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/1_AauIlxdeHiCtiKOkIEDmkA-510x351.jpeg 510w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df631dc blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"df631dc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Advantages of Algorand\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5ae398 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"c5ae398\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There are strong partnerships involved<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Algorand has improved the blockchain landscape through various technological developments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It has an incredible speed of development and minimal bugs and errors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Algorand is technically and commercially positioned for success.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d04fe85 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"d04fe85\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Disadvantages of Algorand\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a22a16f blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"a22a16f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A lot of competition with other blockchains focused on flexible smart contracts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Liquidity is not much for ALGO on exchanges.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04eaeca elementor-widget elementor-widget-image\" data-id=\"04eaeca\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1020\" height=\"580\" src=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-1024x582.webp\" class=\"attachment-large size-large wp-image-5634\" alt=\"\" srcset=\"https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-1024x582.webp 1024w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-300x171.webp 300w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-768x437.webp 768w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-1536x874.webp 1536w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-2048x1165.webp 2048w, https:\/\/realacademy.io\/wp-content\/uploads\/2023\/02\/li3u7xnspyt41-510x290.webp 510w\" sizes=\"(max-width: 1020px) 100vw, 1020px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Possible use cases of Algorand 2.0 courtsey reddit<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2eab0c0 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"2eab0c0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Use Cases of Algorand<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd5fef2 blog-bullets elementor-widget elementor-widget-text-editor\" data-id=\"dd5fef2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gold Trading &#8211; transforming physical gold into a digital asset on algorand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Digital Identities Management &#8211; using algorand\u2019s platform to build digital identities for millions in Africa.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insurance and accounting &#8211; professional grade accounting integrated available to algorand users and also enabling digital media validation across the ecosystem.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Air Quality Monitoring &#8211; global air quality monitoring initiative launches on algorand<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Digital Assets Management.<\/span><\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ffb3d6 blog-heading elementor-widget elementor-widget-text-editor\" data-id=\"0ffb3d6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Summary<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7616960 blog-text-content elementor-widget elementor-widget-text-editor\" data-id=\"7616960\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Algorand is one of a number of newer projects attempting to broaden the possible applications for cryptocurrency by increasing transaction speeds and decreasing the time it takes for transactions to be deemed final on its network.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-236ce55 elementor-widget elementor-widget-text-editor\" data-id=\"236ce55\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><em>Sources:<\/em><\/p>\n<p>https:\/\/www.algorand.com\/https:\/\/www.algorand.foundation\/<\/p>\n<p>https:\/\/www.coinbase.com\/price\/algorand<\/p>\n<p>https:\/\/www.algorand.com\/about\/our-team<\/p>\n<p>https:\/\/coinmarketcap.com\/currencies\/algorand\/<\/p>\n<p>https:\/\/www.coindesk.com\/price\/algorand\/<\/p>\n<p><blockquote class=\"wp-embedded-content\" data-secret=\"iTOacjJ7W6\"><a href=\"https:\/\/diutocoinnews.com.ng\/beneficial-use-cases-of-algorand\/4371\/\">Beneficial Use Cases of Algorand In Various Industries<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Beneficial Use Cases of Algorand In Various Industries&#8221; &#8212; DiutoCoinNews\" src=\"https:\/\/diutocoinnews.com.ng\/beneficial-use-cases-of-algorand\/4371\/embed\/#?secret=9sYfNDo4BF#?secret=iTOacjJ7W6\" data-secret=\"iTOacjJ7W6\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e97ea41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e97ea41\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9107c2a\" data-id=\"9107c2a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Algorand is one of a number of newer projects attempting to broaden the possible applications for cryptocurrency by increasing transaction speeds and decreasing the time it takes for transactions to be deemed final on its network.<\/p>\n","protected":false},"author":1,"featured_media":5498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ALGORAND - Real Crypto Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/realacademy.io\/index.php\/2023\/09\/04\/algorand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ALGORAND - Real Crypto Academy\" \/>\n<meta property=\"og:description\" content=\"Algorand is one of a 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