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How the value of Algorand evolves
Algorand (ALGO) is an autonomous, decentralized, blockchain-based network that offers a wide range of applications. From its inception it was built to be scalable, cost-effective, extensible and highly programmable. Algorand's core network was launched in June 2019, and by December 2020 it was capable of handling nearly 1 million transactions per day. The genesis of the Algorand blockchain establishes a fixed and immutable distribution of 10 billion ALGO, which will end in 2030.