Algorand Development Company
At Zpoken, we are a renowned Algorand development company specializing in DeFi and Application Layer engineering. Our vast expertise supports a wide array of clients, from innovative emerging protocols to well-established projects. We collaborate with enterprises and a variety of financial institutions, including hedge funds, family offices, and venture capitals. Our commitment is to deliver secure, efficient solutions on the cutting-edge Algorand network, ensuring our clients stay ahead in the dynamic digital landscape.
What is Algorand?
The Algorand is a blockchain platform that uses a Pure Proof-of-Stake (PPoS) consensus mechanism to offer a decentralized, secure, and scalable network. It's known for high transaction speeds, low fees, and energy efficiency. Algorand supports a range of applications, including finance and supply chain, making it a popular choice for developers and enterprises looking for a versatile blockchain solution
Learn more
Algorand is a blockchain platform that utilizes a Pure Proof-of-Stake (PPoS) consensus mechanism for enhanced security, decentralization, and scalability. It's known for processing transactions quickly and efficiently with low fees, making it suitable for a wide range of applications. Algorand's energy-efficient design and developer-friendly environment make it a popular choice for building decentralized applications in sectors like finance, government, and healthcare. Its governance model encourages community participation in decision-making, reflecting a commitment to continual innovation.
Algorand Key Features
Pure Proof-of-Stake (PPoS) Consensus Mechanism
Algorand's PPoS is a unique consensus approach that offers high security with minimal energy consumption. It randomly selects validators from its pool of ALGO token holders, ensuring a decentralized and democratic process. This mechanism also allows for faster transaction processing and finality
Scalability and Speed
Algorand is designed to handle a high volume of transactions without compromising on speed. It can process thousands of transactions per second (TPS) and achieves block finality in seconds, addressing the scalability issues often encountered in traditional blockchain networks
Low Transaction Fees
Algorand maintains very low transaction fees. This feature is particularly advantageous for applications requiring numerous transactions and microtransactions, making it cost-effective for both users and developers
Eco-Friendly and Sustainable
Unlike Proof-of-Work (PoW) blockchains, Algorand operates with a significantly lower energy footprint. Its PPoS mechanism is much more energy-efficient, aligning with the growing concern for sustainability in the blockchain industry
Algorand Blockchain Development Services
We are an Algorand technology solutions provider, offering engineering services in the development of decentralized applications that harness the speed, scalability, and security of the Algorand network
- Decentralized Applications
- NFT
- Web3 Infrastructure
Algorand's DEX offers fast, low-cost trading with superior scalability. Designed for the Algorand network, it ensures secure and efficient transactions while minimizing gas fees
Develop custom dApps on Algorand for fast, secure, and cost-effective blockchain solutions. Utilize Algorand's advanced technology to enhance user experiences and reduce transaction costs
An NFT marketplace on Algorand provides a high-speed platform for trading digital assets with minimal fees. Built on Algorand's robust infrastructure, it ensures efficient and secure transactions
Algorand-based crypto wallets offer rapid transactions, low fees, and strong security. Optimize user experience with Algorand's scalable and reliable technology
Integrating a decentralized oracle on Algorand provides accurate, real-time data feeds with low fees. Enhance your blockchain applications with Algorand's secure and efficient solutions
Our Algorand development flow
Validation
- Ideation and brainstorming
- Research papers
- Hypothesis tests and validation
Architecture
- Project architecture
- Technical Roadmap
- Specifications and requirements
Token engineering & Mathematical model
- Token definition
- Mathematical modelling
- Compliance framework
Development & Implementation
- UX/UI PoC
- Delivery of MVP / 1st release
- Continuous iteration and development
- Tests and key metrics measurements
Launch & Scale
- Team augmentation & hiring
- Audit processes and public documentation
- Delivery of V1.0
- Mainnet deployments and production environment setup
Algorand smart contract samples
Check our TEAL smart contract sample developed for Algorand network.
#pragma version 2 // This program validates a payment transaction // with a predefined receiver and a minimum amount. // 1. Check that the transaction is a Payment (pay) type txn TypeEnum int pay == assert // 2. Check that the receiver is the specified address // Replacewith a valid Algorand address. txn Receiver addr == assert // 3. Check that the amount sent is at least 100000 microAlgos txn Amount int 100000 >= assert // If all conditions are met, return true (1) int 1
Algorand tech stack
TEAL
TEAL (Transaction Execution Approval Language): TEAL is Algorand's native smart contract language. It's a low-level, stack-based language specifically designed for creating smart contracts on the Algorand blockchain. TEAL is used for both stateless (used for logic signatures and simple transactions) and stateful (used for more complex applications) smart contracts.
PyTeal
PyTeal is a Python library for writing Algorand smart contracts. It serves as a high-level compiler to TEAL. Developers who are comfortable with Python can write smart contracts in Python using PyTeal, which then compiles down to TEAL code. PyTeal allows for a more accessible and easier-to-read way of writing smart contracts compared to directly using TEAL
Projects we build
Project description iLend is a decentralized finance protocol developed on the Injective network. It offers the ability to engage in lending and borrowing activities in a decentralized, transparent, and efficient manner. The protocol leverages Injective Protocol’s ability to offer fast, secure, and EVM-compatible DeFi transactions across multiple blockchain ecosystems. Project features 1. Basic borrow and…
Project description Deepwaters is the fusion of traditional finance and blockchain technology into a hybridarchitecture, leveraging proven concepts from both. Deepwaters aims to bring maturity to DeFi and enable systems that power the next generation of financial applications. Zpoken built Vault and lending contracts for DeepWaters, this solutions help to accumulate liquidity that powers trading…
Project description Dexilon is the first DEX that is run on a limit order book powered by the native blockchain. Democratically managed by the community in a trustless and verifiable way from the world’s leading brands. Core features making Dexilon unique and easy for users onboarding: Zpoken developed The development process for Dexilon exchange, a trailblazing…
Project description Dexilon is the first DEX that is run on a limit order book powered by the native blockchain. Democratically managed by the community in a trustless and verifiable way from the world’s leading brands. Core features making Dexilon unique and easy for users onboarding: Zpoken developed The development process for Dexilon exchange, a trailblazing…
Blockchain development stack
Algorand
NEAR
NEAR
Algorand
Arbitrum
Algorand
NEAR
NEAR
Algorand
Algorand
NEAR
FAQ
Why Developers choose Algorand chain?
Algorand Chain is rapidly becoming a preferred choice for developers due to its unique blend of high-speed transaction processing, low-cost operations, and robust security. Offering a scalable, efficient, and user-friendly platform, Algorand is ideal for a wide range of applications, from financial services to decentralized apps. Its innovative consensus mechanism ensures minimal environmental impact, making it an eco-friendly option in the blockchain space. For developers seeking a reliable, fast, and sustainable blockchain solution, Algorand stands out as a go-to choice
Are there other wallets which support the Algorand? Do you have a list of all the genuine/approved wallets available?
Algorand does not have an approval policy for wallet support, and each wallet operator makes its own determination to support a cryptocurrency. A partial list of wallets supporting Algo and information related to wallets is available on Algo Page. The security of these wallets should be checked with the vendor directly. Algorand makes no representations regarding the functioning or security of third party wallets, and disclaims any liability therefor.
What is the max supply cap for Algorand?
The Max Supply for Algorand is the **10 billion Algo** minted at genesis. Even though the entirety of the supply was minted at the launch of the network, thus giving Algorand a fixed outstanding supply, the liquid supply will increase as pre-minted tokens unlock and are distributed. The Foundation recently proposed a revised, long term Algo Dynamics model. Designed to run for a greater than 10-year period- that is up to 2030 and beyond - this new model will focus on programs around ecosystem support, community incentives, and the decentralization of decision making and governance on the Algorand blockchain - a long-held goal of the Algorand community. For more information on Algo supply and distribution see [Tokenomics](https://www.algorand.foundation/tokenomics).
What is the current circulating supply?
You can see the current circulating supply on AlgoExplorer and PureStake’s GoalSeeker.
How can User participate in the Algorand consensus protocol?
Instructions for setting up participation nodes on Algorand and participating in the consensus protocol can be found off of the [Algorand developer site](https://developer.algorand.org/). See in particular https://developer.algorand.org/docs/run-a-node/setup/types/#start-node and https://developer.algorand.org/docs/run-a-node/participate/.