
Algorand
Loading...
Market Cap
Loading...
24h Trading Vol
Loading...
All Time High
Loading...
All Time Low
Loading...
Total Supply
Loading...
Max Supply
∞
Circulating Supply
Loading...
Categories
Chains
N/AContracts

FAQs
How does Algorand achieve immediate transaction finality without forks?
Algorand's PPoS consensus uses cryptographic sortition to select block proposers secretly and randomly for each round. A committee of validators then certifies blocks via Byzantine Agreement, ensuring >⅔ honest participation. This mathematically guarantees fork resistance and immediate finality within 2.5 seconds once a block is confirmed.
What advantages does Algorand offer for NFT creators compared to other blockchains?
Algorand enables NFT minting for ~$0.10 with Layer-1 ASA standard, versus $50-$800 on other chains. Its forkless design prevents duplicate NFTs, while Role-Based Asset Control allows granular permissions. The carbon-negative network supports high-volume minting with 0.0000004kg CO₂ per NFT.
How does Algorand ensure security against quantum computing threats?
Algorand integrates lattice-based cryptography through Chris Peikert's leadership. State Proofs use Falcon signatures (NIST-selected PQC algorithm) for quantum-resistant verification. Future roadmap includes full post-quantum security for accounts and transactions by 2023.
Can Algorand support enterprise-level compliance requirements for tokenized assets?
Yes. Algorand's Role-Based Asset Control (RBAC) enables: - Jurisdiction restrictions (e.g., Reg D/Reg S compliance) - Accredited investor verification - Transfer whitelists - Asset freeze capabilities This facilitates compliant security tokens like Realio's RST.
How does Algorand's interoperability solution differ from bridge hacks affecting other chains?
Algorand State Proofs enable trustless cross-chain verification without intermediaries. Light clients in foreign chains validate Algorand state via zk-SNARK-compressed proofs, eliminating bridge vulnerability points. This prevents exploits like the $600M Poly Network hack.