Back to News

Algorand Reaches A Billion Processed Transactions

Twitter icon  •  Published एक वर्ष पहले  •  Hassan Maishera

On Wednesday, the Algorand Foundation announced via Twitter that it had reached a new milestone.

On Wednesday, the Algorand Foundation announced via Twitter that it had reached a new milestone. The Foundation revealed that the Algorand blockchain had processed a billion transactions since its launch. The team said this was possible thanks to a period of sustained high load, and the network behaved smoothly. 

Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products.” As such, Algorand ensures "full participation, protection and speed within a truly decentralized network."  ALGO is trading at $0.1901 at press time, up by more than 4% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.