What is Algorand?
Algorand is an open source blockchain designed by cryptography pioneer, Turing Award winner and MIT professor Silvio Micali that is focused on mainstream adoption. The foundational, public and permissionless pure proof-of-stake protocol is the first of its kind and launched in June of 2019. The consensus mechanism ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks.
How to Stake Algorand?
Send ALGO to your Algrorand Wallet.
Hold ALGO to automatically generate rewards.
How are Rewards Calculated?
A user with 100 Algos would earn around 10 Algos in rewards after one year. However, this would change if you are transacting your Algos and changing the balance.
Reward frequency as of 6/24/19 is about every 20 minutes.