What Is Algorand Crypto Used For?

Krutika Adani

Algorand Crypto

Algorand is a quantum-resistant state-proof-based blockchain with a high network throughput and a very low gas fee (usually less than 1 cent).

Top Application

The blockchain is a general-purpose chain focusing on highly scalable applications.

Fast Transactions

Transacting on the blockchain usually takes less than a second, and its average speed is 6000 transactions per second.

Secure Layer-1 Solution

The blockchain can easily maintain its high throughput without compromising its security.

Quantum Resistance Applications

The Algorand Foundation, which developed and maintained the project, claims it to be a quantum-proof blockchain.

Learn more