Algorand is a self-sustaining decentralized, blockchain-based network that supports many applications.

What is Algorand? 

  • Algorand was initially launched in 2019 and could handle 1 million transactions daily by December of 2020.
  • Algorand uses Pure-Proof-of-Stake (PPoS) as a consensus algorithm, where it distributes the ALGO cryptocurrency into the economy with each new block to everyone that holds a specific amount of ALGO tokens on their cryptocurrency wallets.
  • ALGO is the native utility token used to power the entirety of the Algorand ecosystem. It is also used as a way through which users can pay for the transactions and the smart contract computations.
  • Algorand can also be used on decentralized finance (DeFi) applications outside of the Algorand ecosystems through the synthetic versions of the token. This means that you can find Wrapped ALGO, which is an ERC-20 token and works on the Ethereum blockchain, for example.

Key Metrics

Token NameAlgorand
Token Type/ProtocolAlgorand Standard Assets (ASA)
Total Token Supply6,614,685,833
Current Circulating Supply See Coinmarketcap
Market CapitalisationSee Coinmarketcap
Token Creation DateApril 2019
Can it be mined?No

Who is behind Algorand? 

Algorand (ALGO) was created by Silvio Micali, a computer scientist, and a Massachusetts Institute of Technology (MIT) professor.

He authored the Algorand white paper alongside Jing Chen in 2017, who is a Stony Brook University Professor. That said, this work is funded by the Algorand Foundation, a Singapore-based corporation founded with the goal of advancing technology.

What is the purpose of Algorand? 

The Algorand blockchain is specifically created with the goal of allowing developers to create new kinds of applications (dApps) that are only possible with the use of cryptocurrencies.

The platform is also used in many real-world industries, such as copyrighting, microfinance, and others. That said, the code is fully open-sourced, and anyone can easily clone it or copy it.

The main thing that truly makes Algorand unique is how it selects users to participate within the consensus protocol. This is done by randomly and secretly selecting block producers from the available pool of nodes through the usage of a weighted lottery system, where a node can be selected based on the amount of ALGO tokens they actually hold. The participants essentially change with each round and do not know if they have participated until it is completed.


  • Algorand is a protocol that is split across two layers. 
  • The first layer, Layer 1, is used as a means to run the smart contracts, handle the atomic swaps, and rapid peer-to-peer exchanges of cryptocurrency tokens. The creation of new Algorand-based blockchain assets occurs within this layer. 
  • Then there is Layer 2, which is capable of running a larger, feature-filled smart contract network.
  • When we look at the Pure-Proof-of-Stake (PPoS), it is a consensus algorithm that takes advantage of what is known as a two-phase block production process that consists of proposing and voting. 
  • This essentially means that any member of the Algorand network can participate in the proposing and voting procedure.
  • This is done by staking ALGO and generating a valid participation key to become a Participation Node. These nodes can coordinate through a Relay Node, which actually facilitates communication.


  • Algorand, although it has two layers, is effectively competing in the Layer-1 space against the likes of blue chips like Solana, Cardano, and Ethereum. As such, there is a lot of competition currently on the market, of which it will have to secure a niche in order to stay prevalent.

News and Updates

  • On October 19, Sequoia Games brought augmented reality to board games through the usage of the Algorand blockchain. This is a game developed to combine a physical board with NFT-backed characters, which can be bought or sold between players on the Algorand blockchain.
  • On October 20, Applied Blockchain received a grant from Algorand Foundation for SILENTDATA Integration. This enabled users to present privacy-preserving proof of their traditional financial activity.
  • GoSayHello received a $300,000 Algorand Foundation Grant to incentivize engagement by using blockchain assets on October 20.

All investments are speculative and involve substantial risk and uncertainty. Investors should understand the nature of digital assets, including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.

Read more

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

ZEI is currently registered under and listed by Bappebti as a candidate merchant. To date, the Indonesian government has established crypto assets as commodities which can be determined as the subjects of futures contracts, which can be traded through the Futures Exchange (of crypto assets).


Before you use the Services, you must be aware of the following:

  1. You should not transact Digital Assets if you are not familiar with Digital Assets. Transacting Digital Assets may not be suitable for you if you are not familiar with the technology of the Services that are provided.
  2. You should be aware that the value of Digital Assets may fluctuate greatly. You should buy Digital Assets only if you are prepared to accept the risk of losing all of the money you put into such Digital Assets.
  3. You should be aware that although we strive to provide you with excellent service, we do not guarantee that the Site or Services will be available without interruption.
  4. Digital Assets held in your Hosted Wallet and funds in your Fiat Wallet are not subject to the Indonesian insurance or guarantee scheme as provided by the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan).