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Finality in seconds, without forks.
Algorand keeps one shared ledger that a randomly selected committee agrees on every few seconds. Selection is weighted by stake but private, so the network stays secure without large minimums or slashing. Four ideas make that work.
Pure Proof of Stake
Block proposers and voting committees are chosen at random, weighted by the ALGO each account holds. There is no large staking minimum and no slashing, so taking part stays open.
Random, private selection
A Verifiable Random Function picks committees privately and non-interactively. No one knows who is selected until they act, which makes the process hard to attack or predict.
Single-block finality
Blocks finalize in about three seconds with immediate finality. The chain never forks, so a confirmed block cannot be reversed and there are no confirmations to wait for.
Fixed supply
Algorand has a fixed maximum of 10 billion ALGO, all created at genesis and released over time. There is no ongoing mining issuance, so the cap is set rather than growing.
Propose
You send ALGO. The transaction is signed with your private key and broadcast. A Verifiable Random Function selects a proposer for the next block, weighted by stake and known only once they act.
Vote
A randomly selected committee, again weighted by stake, votes on the proposed block. Because selection is private and non-interactive, the committee changes each round and is hard to target.
Finalize
The agreed block is added in about three seconds with single-block finality. The chain never forks, so once the block is in, the result is final and cannot be reversed.
- Algorand Standard Assets, tokens and tokenized real-world assets
- Atomic Transfers, multiple transfers that all succeed or all fail
- Smart contracts, logic on the Algorand Virtual Machine (AVM)
- State Proofs, trustless cross-chain communication
Algorand bakes asset issuance, grouped transfers and contracts into the protocol itself, so common actions stay cheap and predictable, with the AVM available for custom logic.
Built for real-world use.
How Algorand is secured and where it gets used, the consensus, finality and reliability behind it, not the price.
Steady use. Activity on the network has trended up as tokenization, payments and DeFi usage grew, with quieter stretches in between. Single-block finality keeps each transaction settled the moment it confirms.
Each block finalizes in roughly three seconds with no forks, so a confirmed payment is settled and cannot be reversed.
What Algorand is used for.
The network focuses on payments, tokenization and DeFi, with asset issuance and contracts built into the protocol. Here is where it is actually used, and how it reaches into the wider crypto economy.
Payments
Fast, low-cost transfers with single-block finality make Algorand a fit for everyday payments, settling each transaction in about three seconds.
Tokenization & RWAs
Algorand Standard Assets let teams issue tokens and tokenized real-world assets natively, without writing a separate contract for each one.
CBDC pilots
Several central bank digital currency pilots have explored Algorand, drawn to its finality and the low energy cost of Pure Proof of Stake.
DeFi
Smart contracts on the AVM, with Atomic Transfers grouping steps together, support decentralized exchanges, lending and other DeFi on the network.
A protocol built for issuance
Unlike chains where every token is a separate contract, Algorand issues assets natively as ASAs and groups transfers atomically. Learn the basics in our crypto basics guides.
Hold, send and spend ALGO.
Algorand is integrated, and an official Zypto partner. Self-custody ALGO, send it in seconds with single-block finality, swap to any supported asset, and spend ALGO through Zypto Pay.
Available in the Zypto App · native asset & standard assets
Algorand's native asset is ALGO. Standard assets (stablecoins, tokenized assets) live on the network as ASAs and are held in self-custody, your keys, your coins.
Get ALGO in Zypto AppBe the reason Algorand ships next.
Algorand isn't in the Zypto App yet. Post the request to your followers and ask them to add their voice, we prioritize the chains with the most demand. Everything above stays fully live either way.
Accepted as Payment
Pay bills, top-ups and 24,000+ products with ALGO through Zypto Pay. Transactions settle in about three seconds with single-block finality.
Swap & convert
Swap ALGO to any supported asset in seconds. Zypto routes the best path automatically across these providers.
From research to mainnet, plainly told.
What is Algorand in one sentence?
What is the difference between Algorand and ALGO?
How does Pure Proof of Stake work?
What does single-block finality mean?
Is Algorand available in the Zypto App?
Other major networks.
Learn more.
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Self-custodial · non-custodial · your keys, your coins.
