What is Algorand staking APY?

The current ALGO staking APY is between 5% and 6% and can be checked on the Algorand Staking Rewards Calculator. There are a lot of positive aspects about Algorand, starting from its sound (if not perfect) blockchain architecture and its increasing real-world use cases to its competent team.

How does Algorand work?

The blockchain uses Pure proof-of-stake (PPoS), a consensus protocol that selects validators at random according to the weight of their stake in ALGO coins. What is Algorand trying to solve? The Algorand protocol is designed to solve three of the biggest problems most blockchains face: security, scalability and decentralization.

What is Algorand blockchain?

Algorand addresses the common issues that most older blockchains have, specifically concerning scalability and consensus. The blockchain uses Pure proof-of-stake (PPoS), a consensus protocol that selects validators at random according to the weight of their stake in ALGO coins. What is Algorand trying to solve?

What is Algorand currency?

The native currency of the Algorand network is called ALGO. ALGO tokens are used to pay for transaction fees and reward users who participate in the network's consensus process. Transactions with ALGO happen in less than four seconds, regardless of how many transactions you do in a day. Transaction fees are also minimal.