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Algorand_Facts.md

Quick Overview of Algorand

Overview

  • Launch: L1 blockchain launched in 2019 by Silvio Micali, a father of modern cryptography and co-inventor of zero-knowledge proofs (ZKPs).
  • Transactions: 1,000 TPS (Type of Transactions), 10,000 TPS on testnet.
  • Performance: Pure Proof-of-Stake (PPoS), instant transaction (no failed tx's), block finality ~4.5 sec.
  • Cost: Nominal ALGO fee per transaction (~$0.001).
  • Reliability: No forks, no block reorganizations, no rollbacks.
  • Architecture: Permissionless, scalable, decentralized (+1k Nodes).
  • Sustainability: Carbon negative, leader in post-quantum security.
  • Support: State Proofs (supports bridges), Python / JavaScript / Go / Java / .NET SDKs, global support.

Since Launch (July 2019)

  • Reliability: ZERO downtime, +12.3B transactions.
  • Growth: +53.5M blocks, +32.9M accounts/wallets created.
  • Adoption: +7.4M NFTs minted, +1.7B Algo in DeFi TVL.
  • Governance: Largest onchain Governance (+2.1B ALGO).

Tokenomics

  • Supply: ALGO fixed max supply: 10Bn, all ALGO will be distributed by 2030.
  • Distribution: 2.79% yearly inflation, burn until 2030.

Official Websites

How to Start?

RWA (Real-world Assets) Projects Using/Building on Algorand

  • TravelX: +700,000 airline NFT tickets minted on Algorand, with over +1 million passengers, real-time pricing.
  • PlanetWatch: Algorand serves as a public blockchain for environmental data.
  • Hesapla: Payment solution aggregating payments from bank and credit cards.
  • ApplePay & USDC: +10M of which 2 Airbnb, first tokenized Airbnb on blockchain.
  • FIFA: Algorand is FIFA official blockchain platform, managing tickets/clips for FIFA World Cup.
  • And more partnerships and integrations with various organizations, including FIFA, Circle, and various banks and financial institutions.

Commitment to Delivery

  • "TALK IS CHEAP, ALGORAND DELIVERS."
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