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ALGO (Algorand)

Algorand (ALGO) is a cryptocurrency and blockchain platform designed for high scalability, security, and decentralization. It employs a consensus mechanism known as pure proof-of-stake (PPoS), enabling ALGO token holders to validate transactions and create new blocks. Algorand supports smart contracts, decentralized applications, and other blockchain-based projects on its network. It boasts the ability to process over 1,200 transactions per second with instant finality, ensuring transactions are confirmed immediately upon being added to the blockchain. Algorand's founder is Silvio Micali, a Turing Award-winning professor of computer science at MIT.

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