Algorand

Spec sheet

Founded

2019Read 19 Oct 2026 · algorand.co

Atomic transfers

Atomic transfers group multiple transactions so they execute in a predetermined order together.Read 14 Nov 2026 · algorand.co

Consensus

Algorand uses Pure Proof-of-Stake consensus.Read 14 Nov 2026 · algorand.co

Developer community

The site directs developers to Algorand documentation and a Discord community.Read 14 Nov 2026 · algorand.co

Developer tools

AlgoKit is presented as a suite of tools to support building on Algorand.Read 14 Nov 2026 · algorand.co

Integrations and ecosystem

The ecosystem page lists projects across tokenization, DeFi, NFTs and games, traceability, payments, and infrastructure.Read 14 Nov 2026 · algorand.co

Origin

The site says Algorand was born in 2019 after its founding idea originated in Cambridge in 2017.Read 14 Nov 2026 · algorand.co

Post-quantum security

Algorand says it implemented Falcon signatures in 2022 and released native post-quantum accounts in 2026.Read 14 Nov 2026 · algorand.co

Smart contracts

The Algorand Virtual Machine provides smart-contract execution on the blockchain.Read 14 Nov 2026 · algorand.co

Tokenization

Algorand Standard Assets can be used to mint fungible and non-fungible tokens at Layer 1.Read 14 Nov 2026 · algorand.co

Transaction fees

The developer portal states a minimum transaction fee of 0.001 Algo, typically sufficient unless network demand requires higher fees.Read 14 Nov 2026 · dev.algorand.co

Use cases

The site describes companies using Algorand to move money, verify data, tokenize assets, and deliver aid payments.Read 14 Nov 2026 · algorand.co

Wallet integrations

The ecosystem lists wallets including Pera, Defly, Exodus, and Lute for accessing Algorand applications.Read 14 Nov 2026 · algorand.co

What it is

Algorand is a blockchain for building and scaling decentralized applications directly on Layer 1.Read 14 Nov 2026 · algorand.co

Where Specifiction places it

• Blockchain Platforms#4 of 326.1